Marks and Spencers have reported poor christmas tradingand warned the outlook is not good for 2008.

Speaking on the radio this morning M&S Boss Stuart Rose has stated that the credit crunch has now hit the high street and hit it hard. Even the boss of M&S has now asked for an interest rate cut.

Trumpo thinks that 2008 is going to be a blood bath on the high street. Even as I write Terry Wogan is on radio 2 talking about a recession - it must be happening!

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