Allied Carpets in administration

It's not nice to see another British retail firm going bust. Allied Carpets has gone into administration, as the stagnating housing market led to a fall in demand for carpets and flooring. However, the administrators seem to think the business can be sold in part as an ongoing concern.

Such news tends to fly in the face of Gordon Brown's assumptions about the economy. It also means that administrators won't be out of work anytime soon.

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