Hard times bite on Strand Street
The pinch is being felt on the Island as more stores succumb to the hard economic times. Strand Street, the main shopping “drag”, is suffering from the collapse of the big UK high street names such as Woolworth’s and more and more “To Let” signs are being hoisted. High rents are blamed as well as the general economic malaise but it must also be recognized that the internet is a very appealing option to people on the island. It will be interesting to see if the IoM Government offers any “bail-out” loans or incentives.