Turnover across the group plunged by more than a quarter to £4.1bn with sales expected to crater by a third at GKN’s aerospace arm by the end of the year, having already fallen by that much at its automotive and materials units. Justin Dowley, the chairman, isn’t wrong when he […]
magic
Spending vouchers are not a magic bullet for the high street
A handful of other countries have tried such schemes on a smaller scale, and the evidence has been mixed. In China, for example, where retail sales are still in negative territory, a study of 42 cities where almost £1bn was handed out, found the scheme’s ‘multiplier effect’ varied wildly. Use of […]