Showing posts with label credit crunch. Show all posts
Showing posts with label credit crunch. Show all posts

Friday, 19 December 2008

A pause for thought from Rowan Williams

I'm a regular listener to BBC Radio 4's 'Today' programme, which has been part of my morning ritual for over a decade. A lot of the time it's just straightforward news, and at other times the political argy-bargy does get a bit tedious, but occasionally something really does cause me to listen, to pause for thought.

Yesterday, was one such occasion: Rowan Williams, the Archbishop of Canterbury, was speaking to John Humphries about the past year as part of his Christmas message. It was a calm and measured piece, and in marked contrast to some of the rather adversarial interviews in which Humphries is involved.

The most widely reported of the Archbishop's comments were those he made about the present economic crisis and culture of greed, which he described as "a sort of reality check which is always good for us, a reminder that what some people have been calling 'fairy gold' is just that".

Many papers reported with glee his questioning of the Government's current policy of encouraging people to spend again as "a little bit like the addict returning to the drug".

But most of the discourse was actually about re-orientating society, and changing our values:

"I'd like to think that in this sort of crisis, people would be reflecting more on how we develop a volunteer culture, where people are willing to put their services at the service of the needs of others so that there can be a more active and vital civil society.

"I think there's a good chance of that and I'd like to hear more from the Government about how a volunteer society can be encouraged."

Other subjects included knotty questions about Iraq, Zimbabwe and disestablishment. After the unfortunate episode earlier in the year when his comments - clever, but naively placed - on the place of Sharia Law were widely reported out of context, Williams appeared to handle himself much more assuredly than in many previous interviews. I hope that this marks the beginning of a trend: he is too important - as well as thoughtful and wise - not to be listened to.

If you haven't heard the interview, it can be found on the BBC website.

Tuesday, 16 December 2008

A quieter Hammersmith


I recently went to Hammersmith to stock up on a few things, and was shocked to see how quiet it was, especially as the Christmas shopping rush is supposed to be upon us.

Now, I know it's not the most exciting or upmarket shopping centre in West London, but it does have a decent branch of M&S, a large branch of W H Smiths, several discount sports retailers and quite a few independent shops.

A few retailers I spoke to said it was largely down to the effect of the Westfield shopping centre, up the road in Shepherd's Bush. Although the range of shops there is different, there's a lot of variety, and there is still a novelty effect as the centre is so new. Coupled with the fact that Oxford Street has seen a lot of heavy discounting as well, the overall effect for smaller centres such as Hammersmith was painful, exacerbating the effects of the credit crunch and economic downturn more generally. The King's Mall had at least one large empty shop unit; I hope this is not a portent of things to come.

Of course, Westfield is in the same borough as Hammersmith, and it must have been obvious that, being so close, the new development would compete pretty directly with Hammersmith town centre. So I hope the folks at Hammersmith & Fulham Borough Council did their sums before agreeing to the Westfield proposal...

Thursday, 4 December 2008

A new future for Warwick Road


One of my neighbours recently alerted me to the existence of an innocuous-sounding document entitled the "Warwick Road Planning Brief". Adopted by the Royal Borough of Kensington and Chelsea earlier this year, this is essentially a master plan for the redevelopment of what, in central London terms, is a huge site along the Warwick Road, between the Tesco on Cromwell Road and Kensington High Street, close to Kensington Olympia station.

It's quite interesting to read how the planners see the possible future of the site: although it is actually four separate parcels of land, the brief tries to foresee what it might look like if it was developed to a unified plan to create a sort of 'urban village' of over 600 homes.

The good news is that it is intended to be residential, with a few local shops, although quite what will happen now with the credit crunch in full swing is anybody's guess. One building which may or may not survive - and the plan says it would welcome its demolition and replacement - is the quirky Homebase store, opposite the Warwick Arms pub.

Of course, the southern end closest to Tesco has already been redeveloped; first came the new Tesco; then the huge bulk of the appropriately-named Warren House, adjacent to Homebase; and now the former petrol station between the two has been demolished, with a new building rising rapidly in its place. But from Warren House northwards, the west side of the road looks rather forlorn - though the faux-Eqyptian decoration on Homebase, which the brief rather generously describes as 'Post-modern', does provide a little light relief.

The brief envisages the demolition of all the buildings from Homebase northwards, from the huge Charles House on Kensington High Street to the derelict-looking old telephone exchange, and also Homebase itself. The only part I would be sad to see go is the Radnor Arms. Closed over two years ago, it is in a very forlorn condition now, but the adjacent lane is still cobbled, and it provides a small patch of historic interest along what otherwise feels a bit like an urban motorway.

Still, as I said, the current credit crunch and accompanying recession looks rather set to slow down the pace of new developments, which may be no bad thing: time for the brief to gain a wider audience, and for the locals to think about what they'd like to see along this site.

Saturday, 25 October 2008

Shop till you drop

It may be a case of unfortunate timing in the wake of news that we are now in a recession, but next Thursday sees the opening of the huge new Westfield shopping development in Shepherds Bush.

Built by the Westfield Group, this is - by any standards - a huge development. Situated on the former 1908 Exhibition Site near White City, this £1.6 billion development has been 10 years in the building. It covers 43 acres, with 265 shops and 40 restaurants set around a central atrium the size of a football pitch, under a vast undulating glass roof. The emphasis is on clothing outlets, with 16 brands new to the UK and a 'village' of smaller designer boutiques. On the south side is a traffic free 'boulevard', with 300 metres of restaurants. It's also been built with eco-credentials, such as a partial 'green roof', rainwater harvesting and facilities for waste separation and recycling. It will be Europe's largest in-town shopping centre, and the third largest in the UK, after the Gateshead Metro Centre and Bluewater in Kent.

And, as I reported in a previous blog, the developers have funded a huge investment in the local transport infrastructure to ensure that visitors can get to the site with ease: two new railway stations, one rebuilt underground station, a bus station, a new flyover from the A40 link road, and new pedestrian access. In preparation, London Transport have also diverted a number of bus routes to serve the area.

It'll be interesting to see what happens, on two counts: the first, and most obvious, is how it fares given we now seem to be in a full-blown recession. Recent news reports from the new shopping centre in Bristol have shown it to be busy with visitors, but a more careful look shows them not to be buying much: window shopping seems to be the order of the day.

The second is what it does to the rest of Shepherds Bush. Despite the asset of the green, Shepherds Bush has always had a rather mixed feel: lots of independent shops, as cosmopolitan as London gets, but decidedly down at heel, especially compared with the neighbouring parts of West London. The conundrum here - if there is indeed a ripple effect of prosperity - is whether the wider area can benefit without becoming another faceless High Street clone.

Certainly, the better public transport links should make a difference, especially tying the area into the rest of West London in what has been, until now, a decidedly hard-to-reach destination. (As recently as six months ago, there were no direct public transport links from Chelsea and Earl's Court to Shepherd's Bush). But will people simply walk straight through to the new centre? Will the two actually mix? Will someone buying a £1,500 Gucci bag really go on to sample the colourful chaos of Shepherd's Bush market?

It will also be interesting to see what impact the new development has on nearby High Street Kensington. In the last few years this has lost its major anchor store, Barkers, and some of the buses that used to come here have now been diverted to Shepherd's Bush. It already has some of the chains that are opening in Westfield, and until now has only had to compete with Hammersmith down the road - yet another area that could find itself undermined. Watch this space.

But for now, all eyes are focused on the opening event next week. The promotional video has already created waves with its images of 'human moths', shown fluttering in their thousands towards the bright, white light from that huge undulating roof. Only time will tell if a more appropriate analogy is that of moths flying too close to the flame...