In a few days at the end of June a range of High Street names showed what effect the continuing crisis is having. Thorntons is closing 120 and maybe up to 180 shops. Carpetright is closing 94 stores. Jane Norman is shutting 33 shops. TJHughes is looking at going into administration. Habitat is going into administration and closing most of its shops. Clinton Cards is to be restructured. Lloyds TSB is cutting another 15,000 jobs, making more than 40,000 since 2009. Inflation is running at 4.5% (5.2% on the higher RPI measure), there’s a public sector pay freeze, the state pension age is rising. Council workers in Southampton, Shropshire and Neath Port Talbot have faced the ‘choice’ of pay cuts or job losses.