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Wednesday, January 25, 2012

DOWN-MARKET SHOPPING

Workers are being advised to tighten their belts because of the recent economic downturn, but even the capitalist class are feeling the pinch. "ROLLS ROYCE sold 3,538 cars in 2011 - a new record for the BMW-owned luxury marque. And with Volkswagen-owned Bentley reporting pre-recession levels of 7,003 cars sold last year, the luxury car market as a whole appears to be in rude health. .... According to BBC News, the increase in sales is in the main due to Rolls Royce's "smaller and less ostentatious" Ghost model, which costs a mere £165,000 compared to the £235,000 Phantom." (The Week, 9 January) The owning class are tightening their belts - the safety belts on their "mere £165,000" Ghost models. RD

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