Originally posted by DimPrawn
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I love the smell of doom in the morning.
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The big drop is going to come round about Xmas. Redundancies, recession and a collapse in house prices just in time for the festive season. Wont pick up again for about 18 months (min).Originally posted by Xenophon View PostLeave a comment:
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Lots of doom in the last week or so.
Job losses are a major factor and according to CUK there are lots of BTLers struggling to pay their mortgages.
Hold on tight boys.Leave a comment:
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Are you sure you're not NickyG?
Aren't we depressed enough with the weather without all this economic Doom & Gloom - mongering?
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Daily Doom
http://www.dailymail.co.uk/news/arti...g-society.html
Household bills are likely to soar by £2,500 a year as the official rate of inflation reaches 7 per cent, it has been claimed.
Families who have already been hit by large increases in food, energy and fuel prices face another 12 months of misery according to a study.
The findings come as the British Chamber of Commerce prepares to become the first leading business group to predict a recession in Britain.
Research by the Chelsea Building Society suggests the cost of food alone will go up by £734 over the coming year to £6,757 for an average household - a rise of some 12 per cent.
It predicts the annual cost of motoring will rise by £574, or around a third, to £2,264. For housing costs, Chelsea predicts an annual increase in rents of 9 per cent, or £672, taking the annual figure to around £7,600.
http://www.dailymail.co.uk/news/arti...s-Britain.html
Some 300,000 workers will lose their jobs by 2011 as Britain falls into a recession, a leading business group warned last night.
The number of people out of work could rise to almost two million over the next three years, according to the British Chamber of Commerce.
In what is the first prediction of recession by a major business group, they warned that unemployment will soar by between 250,000 and 300,000 by 2011.
Once other elements are added to the equation its experts claim total spending will need to rise by £2,546.55 over the next year to allow the average household to maintain the same standard of living they currently enjoy.
The study also shows an increase in gas and electricity prices of around £190, taking bills up to £1,089.
However, other analysts suggest the real increase will be closer to £1,400.
Chelsea calculates that inflation will hit 6.7 per cent over the coming year while for pensioners, who spend more of their income on food and energy, it could reach 8 per cent.
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