Thatcher made the Councils sell off their properties...?
I know there is a tendency to blame Thatcher for everything. But really, blaming her for the problems experienced by a carpet retailer some twenty-five years later really takes the biscuit.
The fortunes of retailers like Carpetright are very much affected by the housing market. Whilst not attributing blame anywhere in particular, the 1980s was the period when many of conditions for the current housing market were created
- deregulation of building societies. resulting in much greater competition (and hence more aggressive lending)
- collapse of local authority house-building - more than 100,000 in 1978 to around 3,000 last year. Over the same period, housing association construction increased from around 20,000 to 30,000.
Successive governments have failed either to rein in the house price boom, or to successfully stimulate more construction.
Sorry - thread drift, but I think it illustrates how some influences on retail success or otherwise can take effect over a long period.