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Apart from the bit of our economy where banks went into the sub prime market which they do not understand and got their fingers burnt one other thing stands out.If people do not spend money - the economy suffers !Profits from Supermarkets mainly go abroad and are not spent in this country. Money spent on drink in supermarkets therefor go out of the economy.People cannot sit in pubs in comfort and have a pint and smoke so therefor are staying at home. Lots of pubs are pretty much individually run so their money goes into our economy which mean other people make money and are employed.About 27 pubs a week are closing according to a report in the Daily Telegraph today so things can only get worse.Am I wrong in thinking that the catalyst of the problem is the smoking ban which is also killing a communal way of life and has this not also been shown in other countries with a similar ban, apart from maybe France who takes no notice of much except the last German occupation !
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