Wednesday 5 November 2008

Retail Recession Ramblings

There is a rumour doing the rounds that the council is going to give Margate shopkeepers some sort of reduction in their business rates, I don’t believe this is true however if anyone knows different please let us know.

I think it may be some confusion about small business rates relief if you pay non domestic rates you are eligible for this relief if your rateable value is less than £1,000 and if your rateable value is less than £5,000 you ate eligible for 50% rate relief.

Click here to determine your rateable value.

I think it is pretty obvious with the growing number of empty Thanet shops, shop rents must fall and therefore rateable values, which are based on them, should follow.

Talking to other shopkeepers here in Ramsgate I am getting mixed responses as to how much business they are doing, from those who say they are on the verge of going under to those like myself who are doing fairly well at the moment.

Books are a sort on nonessential essential, by that I mean that if you normally buy books you don’t stop because of a recession or anything else, you just buy them from somewhere cheaper.

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Comments, since I started writing this blog in 2007 the way the internet works has changed a lot, comments and dialogue here were once viable in an open and anonymous sense. Now if you comment here I will only allow the comment if it seems to make sense and be related to what the post is about. I link the majority of my posts to the main local Facebook groups and to my Facebook account, “Michael Child” I guess the main Ramsgate Facebook group is We Love Ramsgate. For the most part the comments and dialogue related to the posts here goes on there. As for the rest of it, well this blog handles images better than Facebook, which is why I don’t post directly to my Facebook account, although if I take a lot of photos I am so lazy that I paste them directly from my camera card to my bookshop website and put a link on this blog.