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Is the High Street doomed

Those companies are so diverse though, they make everything, they are built using Samsung construction companies, fitted with Samsung lifts, probably financed by Samsung finance companies. I believe they even own clothing brands.

When in Korea, my ex pointed out the high rise building they had been project manager for during construction whilst for when they worked for one part of Samsung.
 
I imagine the WeWork buildings are hanging by a thread. They were in bad shape before this shit started.

Oddly two of these Co working places have opened in my local high street in the past 12 months and both seem quite busy, a third is being kitted out down a side street as well. Guess if you need to work from home but don’t have a dedicated space and kids/flatmates etc. make it hard they could be useful..?
 
Oddly two of these Co working places have opened in my local high street in the past 12 months and both seem quite busy, a third is being kitted out down a side street as well. Guess if you need to work from home but don’t have a dedicated space and kids/flatmates etc. make it hard they could be useful..?
A lot of people who wanted to set up a business but could only afford to do it as a small side hustle while they held down a full time job, suddenly found themselves on furlough in March 2020.
 
Most banks have arrangements for everyday banking to be done at the Post Office, which saves the day somewhat, and gives the PO extra revenue.

I'm hoping they don't close my local as paying cash in at the Santander ATM is free but taking it to the post office would cost me about 1% of the total paid in.

Have they listed the branches that are closing?
 
I'm hoping they don't close my local as paying cash in at the Santander ATM is free but taking it to the post office would cost me about 1% of the total paid in.

I am in the same position, but hadn't thought about the charge for paying in cash over the counter, that's a bugger.

Have they listed the branches that are closing?

Yep, see this post -

 
Oddly two of these Co working places have opened in my local high street in the past 12 months and both seem quite busy, a third is being kitted out down a side street as well. Guess if you need to work from home but don’t have a dedicated space and kids/flatmates etc. make it hard they could be useful..?
When we moved to the Shard it was cheaper than the same size WeWork office believe it or not.

Will people WFH for a long while to come some people will want small, local shared office spaces to escape from home. Couple of my staff are already doing this. Costing them £30-40 a week and gets them away from their kids :D

WeWork and such need a lot of commuting people into cities.
 
Those companies are so diverse though, they make everything, they are built using Samsung construction companies, fitted with Samsung lifts, probably financed by Samsung finance companies. I believe they even own clothing brands.

When in Korea, my ex pointed out the high rise building they had been project manager for during construction whilst for when they worked for one part of Samsung.
When I started in the shoe trade, in sneakers, development was done in Busan. The sourcing companies we used were Dae Woo, Samsung and Sun Kyong. LG had petrol stations, even cigarettes and chewing gum.
 
I'm hoping they don't close my local as paying cash in at the Santander ATM is free but taking it to the post office would cost me about 1% of the total paid in.

I paid £100 in cash into my barclays account at a post office last week and they didn't take any percentage out of it.
 
The charges thing is a problem because looking at the areas on the list I'm familiar with, where there's two or three 'close by' they're closing the ones in the more deprived areas
 
Just checked my bank app and no charges taken yet. Just shows the 100 pound going in. Someone paid me in cash for something i sold the other week and as i normally use contactless these days i thought i'd pay it in. Won't do that again though if they do charge me later.
 
Charging you to hold your own money is such a fucking swindle, especially when you remember that banks make money just by literally holding your cash in the first place. Such shit should be made illegal.
I think the legalities of you putting your money in a bank is that you have agreed to loaning the bank your money as per their terms and conditions.
 
Charging you to hold your own money is such a fucking swindle, especially when you remember that banks make money just by literally holding your cash in the first place. Such shit should be made illegal.

It's normal to have charges on business accounts, and Santander offers a very good deal compared with others, I pay a flat £12.50 pm, which covers everything apart from paying in anything over £1k cash a month over the counter, then it's only 0.7%, it's free if you pay in via the machine.

However, I get £100 cashback per year & 0.1% interest on the balance, so I pay slightly under £50 a year, about £150 less than RBS used to charge me.

My personal account is with Tesco Bank, which pays 1% on balances, plus clubcard points when ever use the debt card anywhere, and extra points in Tesco outlets.
 
I think the legalities of you putting your money in a bank is that you have agreed to loaning the bank your money as per their terms and conditions.

Of course, but unlike a typical loan most current account holders have the expectation of being able to access their funds at any time. Banks are able to juggle this situation under normal conditions because most people leave the majority of their funds sitting in their accounts. Of course this breaks down when there's a run on the bank.

Fair enough on business accounts, since they're not one of the more important things for an ordinary person to have.
 
we are closed because of lockdown and we are closing down because we are bust, but hey, nevermind, come in for another couple of weeks
while we flog off whats left :(
 
My little town has a lot of independents.

Apparently over the course of the pandemic 19 shops have closed and 23 have opened. Good hear that but it likely does not tell the whole story regards rents for the closing/opening or the ages of the businesses etc..
 
My little town has a lot of independents.

Apparently over the course of the pandemic 19 shops have closed and 23 have opened. Good hear that but it likely does not tell the whole story regards rents for the closing/opening or the ages of the businesses etc..
A lot of the corona grants have been business rates based, it's likely a lot of people have hung on to premises to keep the income (the margins can be massive on this) and will close once the grant money dries up.
 
Slightly off piste I know, but see people are worried about the fate of the buildings where department stores have closed. It's unlikely one company could take any on. A dreadful example was allowed in Croydon. The building became a disaster after Allders closed.
 
Café Rouge has closed down here. Replaced by a pizza and burger 'grill' joint which looks like an independent business.
 
Slightly off piste I know, but see people are worried about the fate of the buildings where department stores have closed. It's unlikely one company could take any on. A dreadful example was allowed in Croydon. The building became a disaster after Allders closed.

They’ll become executive apartments. Debenhams in Guildford is right on the river and already has an underground car park, so is ripe for it.
 
Not sure the debs Guildford is worth saving and is right next to a busy road. The places opposite are rather nice.
 
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