I made one last trip into Clapham Junction town centre today and was amazed at how busy it was. Asda was heaving, there was a steady flow of bag-laden shoppers coming from St John’s and Northcote Roads and there was the traditional queue of people outside Doves. Perhaps the economy isn’t all that bad.
But then I remembered a conversation I had earlier today. It was started with the news that Whittard were on the verge of administration. And then progressed to who was next.
The scary thing, looking back, was the sense of grim resignation. The unspoken assumption was that there would be a next. And there would be more to follow.
Given that our economy is so reliant on consumer confidence it is scary that there seems to be a widespread assumption that the new year is going to be bleak – because it can easily be a self-fulfilling prophecy.