Flowering Plants warns on economic forces

Francis Richardson of Flowering Plants has said the sector must be wary of forces beyond its control and has contacted customers ahead of Four Oaks trade show to say what the company had been achieving to cater for them.

Image: Flowering Plants
Image: Flowering Plants

Richardson said concerns that the US Federal Reserve plan to increase their base rate by a further
3% would affect the cost of borrowing world wide. He also questioned whether the UK Government will be able to borrow, and pay subsidies which keep house prices up.

In his letter to customers, Richardson asked whether the sale, a few months ago, of the residual loan book of a rescued bank boded well for the ability of the British Government to cater for the return of UK house prices to affordable levels?

"In difficult times the best of horticulture has always done well, but as customers have less disposable income, they become more choosy about how they spend it", he said.

"Do recently published accounts of major retailers show that this is happening?"

Richardson offered his customers ways forward through his irrigation systems and will exhibit at Four Oaks show on 5-6 September and GroSouth on 8 November.  

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