The Telegraph- Companies collapse at fastest rate since financial crisis as energy bills soar
The sharp rise in energy bills was cited as the biggest problem for businesses, while difficulties paying debt, rising costs of raw materials and supply chain disruptions also took their toll.
While the squeeze on finances has hit all businesses, construction, retail and accommodation and food services suffered the highest number of insolvencies in the first half of the year.
Oof. Talk about a blindside!!! Who saw that coming?
Construction, retail and accomodation and food services were the hardest hit. That doesn’t leave much on the table, business wise.
certainly not in the USA or Canaduh
Huh? Imagine that … the government sector isn’t hit at all. They’ve all gotten raises and bonuses. Don’t forget THAT part of income redistribution… from the private to the public sector.
Kenji …
Yes , the non-productive federal gov workers got raises during COVID , many of whom have refused to return from … cough … “working from home” , which contributed (along with the general lack of civil service work ethic ) to the mess in the passport office.
I think severe price increases for food , energy and interest rates will be needed before the majority of climate worshiping Canadians decide to toss Trudeau from office. This coming winter may be that time.
It’s not Trudeau’s fault … it’s Putin’s and OPEC+’s fault … Right? The simpletons who LOVE Trudeau’s new ‘butch’ look will buy that explanation.
All part of the plan, me lads and lassies, all part of the plan!
Don’t worry. the Government will give their employees a raise to compensate for the increases, and save the economy again. :):):):):):)
Is it still a coincidence when it’s done deliberately?
“Canada’s recession will hit earlier, harder and last longer than expected.”
From the worst newspaper in Canada, and if you buy and read, you’re an idiot – full stop.
Than expected? All the mis and dis information sites have been telling you this for two years, ignore them. Believe us. I’m calling it pisinformation.
Nothing unexpected,
. British gas is supplied by Europe. Europe so they’re not affected by the loss of Russian gas/s
BTW How’s this for efficient?
https://youtu.be/G33v0mm1zFA
So all is proceeding according to plan.
‘Slowly, then all at once.’
“My masters have instructed me not to comment on this thread. Because we caused this after all, and rubbing it in might be just a little too obvious.”
The ‘convergence of catastrophies’ it has been called. Makes a good book title, eh ? Try reading it.
Travel wherever you like now. If your pilot doesn’t crash the plane from his clot shot, there won’t be any place to eat or shop when you land. Build back better!
The green energy act was the liberals first attack on manufacturing in Ontario, damaging many businesses.
then the carbon tax.
Then covid hit a lot of service businesses.
Now prime rate increases, which affects many businesses who rely on Lines of Credit to cover the times between their product orders and product sales payments means that lots of businesses won’t be able to cover the difference, and will give up.
Maybe we can all work for the government in a circular economy, not producing anything that anyone wants to buy, in vast quantities…
Feature, not a bug
Oh how unexpected…
Unexpected by whom?
The absolutely incompetent and the clueless?
Actions.
Judge all your “helpers” by their actions.
Reward them accordingly.
For whatever you think their words mean..they don’t.
Ran across this today
“Florida Surgeon General released a shocking report on Friday. According to Dr. Joseph Ladapo, there was an 84% increase in the incidence of cardiac-related death among males 18-39 years old within 28 days following mRNA vaccination. That is a huge number!
Dr. Ladapo recommended that young males from 18 to 39 refrain from taking the COVID Vaccine.”
Does this mean the Covid Vaccine makers will “Unexpectedly” go broke too?
And within that 28 days two weeks of that will be when they were labeled ‘unvaccinated’.
“Oh, look, see how many unvaccinated died unexpectedly.”
Guaranteed NOT TO BE SEEN on CBC
Hammering Our Plowshares into Pronouns.
Every sort of heavy industrial production in the West is doomed to quickly become financially uncompetitive with manufacturers in India and China, due to dramatic increases in the price of energy. (FYI, gas prices here have increased by .30 a gallon in just the last ten days.)
Aluminum mills are closing all over the West. Steel mills will follow shortly.
We’ll soon be subsidizing Chinese and Indian manufacturers of useless wind turbines to the tune of MORE billions of dollars a year.
It will prove impossible to keep a war machine tuned and functioning when our opponent (in both the financial and military sense) can curtail the shipment of base materials any time they feel like it.