Small Businesses Economy Worries

The video discusses the economic challenges faced by retailers and consumers in the UK, particularly in the weeks leading up to Christmas. It highlights the shift towards internet sales and the strategies employed by High Street stores to remain competitive. The impact of high fuel costs on local shopping habits is also examined, along with the financial challenges faced by consumers, such as job losses and the need for careful budgeting.

What has been a significant change in the retail landscape in Ulster, Warwickshire?

• A decline in community support

• A rise in the number of local stores

• An increase in internet sales reliance

• A decrease in the number of footballers

How do businesses benefit from selling both online and on the High Street?

• They can buy in smaller quantities

• They can avoid economic challenges

• They can reduce their workforce

• They can offer better prices

What factor has contributed to keeping people shopping locally?

• More shopping centers

• Better High Street prices

• Increased internet sales

• High fuel costs

What is the impact of inflation on UK retail sales?

• Inflation has no impact on sales

• Sales have increased significantly

• Customers are spending more

• Sales appear to rise but spending power decreases

What challenge do shopkeepers face in maintaining a vibrant High Street?

• Need for constant effort

• Decreasing community support

• High operational costs

• Lack of internet presence