The number of empty shops blighting our high streets has trebled since the start of the credit crunch, it was revealed yesterday. A report shows 12.4 per cent of shops in town centres are empty, compared to 4 per cent in the summer of 2007.
In some towns and cities a quarter of shops lie vacant as the recession has exacerbated the effect of other problems, such as rising rents and the growth of out-of-town shopping centres. Epitomising the trend is Victoria Street in Wolverhampton, (pictured), with boarded-up shops apparently outnumbering those still open.
The Housing Minister, JOHN HEALEY, has just said on BBC Radio 5Live that repossessions are the best option for STRUGGLING HOMEOWNERS.
REPOSSESSIONS were at their highest for 18 years last year with 130 FAMILIES PER DAY LOSING THEIR HOMES. This was despite, the MAN WHO WOULD BE
Mr Healey incidentally had his mortgage paid by US, THE TAXPAYER from 1997 until last year when he sold his two bedroom flat for a PROFIT OF £88,000 WHICH WENT STRAIGHT INTO HIS POCKET and now we pay his rent!