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Oh sure, I've no doubt there were individuals and some businesses quite badly affected, but look back at the overall growth, national and regional statistics an
by NeedMoreTea 7y ago
Oh sure, I've no doubt there were individuals and some businesses quite badly affected, but look back at the overall growth, national and regional statistics and the periods with strikes or lock-outs are simply undetectable if not highlighted for you. Sales and growth figures weren't noticeably harmed. No doubt if you were new to an area, didn't yet have a local or just weren't a pub goer, you might have had more trouble than most.
The article also notes the steady stream of people going down to the local department store and other larger shops once a week, to cash their wages, or a wages cheque to pay their factory workers. Pubs were accumulating cashed cheques from regulars and some making smaller loans.
The real surprise for me is how smoothly they coped, and how little fall out there seemed to be when banks reopened. Though of course there were some of the millions of cheques doing the rounds that did bounce. I've seen far less about knock on effects after reopening like that, but it's usually described in a way that makes it seem "far less than you would expect".