The North London shopping centre - Brent Cross - has hit on an extraordinarily frank sales pitch - "feed you addiction"". Many London buses are now covered with large advertisements telling the addicted shoppers that Brent Cross is just the place to get their end-of-year fix.
However, the addicts are close to an overdose. Personal sector debt in the UK is now so large that the Banks are beginning to get frightened of the debt monster that they have created. Although the Bank of England has cut rates, banks are increasingly wary of any new lending to UK consumers.
Feed the addiction? Not this year. Please forgive the corny christmas reference, but it is time for cold turkey. UK consumers are shopped out. The enthusiasm for the housing bubble has gone. It is time to start paying all that debt back,