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UK recession on the way?


Wroclaw Boy  
20 Apr 2008 /  #1
It appears as though the UK is heading for another recession.

2.5% drop in housing prices for March 2008
Increased food prices
Increased oil prices
A nation or borrowers
An undislcosed figure likely to top 50 billion of debt for national banks
GBP in lowest ever position against the EUR

Its not looking good folks. Perhaps the immigrants will have no choice but to leave over the coming months as the well dries up.
szarlotka 8 | 2,209  
20 Apr 2008 /  #2
Depressing news.

Add to that the high level of National Debt against a trend of a rising not falling taxation burden, an increasing 'off balance sheet' need to fund public sector pension commitments from the current account, the other off balance sheet items like the Northern Rock bail out and waht do you get....

So much for Prudence Brown's stewardship of the economy. Anyone seen a genuine increase in the quality of the NHS or Education as a result of the moneies poured into them.

Bhutan seems nice....
Grzegorz_ 51 | 6,163  
20 Apr 2008 /  #3
Unfortunately It looks like global recession is on the way...
Daisy 3 | 1,227  
20 Apr 2008 /  #4
Yes, unfortunately I think you're right :(
OP Wroclaw Boy  
20 Apr 2008 /  #5
I know there have been quite a few scares over the years and im not a specialist on the economy. But I would say this appears like the real deal.

I wonder if the UK housing market will crash like back in the early 90's
Daisy 3 | 1,227  
20 Apr 2008 /  #6
News items like guardian.co.uk/business/2008/apr/20/oil.householdbills show things are not looking too good
Lukasz 49 | 1,746  
20 Apr 2008 /  #7
so people look on this

stooq.com/q/?s=djia

the best opportunity to earn money.

enjoy. open short possition :) be rich
osiol 55 | 3,922  
20 Apr 2008 /  #8
What we all need to do is carefully and sensibly take stock of the situation and PANIC!
Grzegorz_ 51 | 6,163  
20 Apr 2008 /  #9
Bills could start rising again in the summer by as much as 25 per cent

The same here... :(
Daisy 3 | 1,227  
20 Apr 2008 /  #10
the best opportunity to earn money.

People who are struggling to pay for the basics, like food, warmth and shelter are neither able to afford or be inclined to play the stock market

businessballs.com/maslowhierarchyofneeds5.pdf
szarlotka 8 | 2,209  
20 Apr 2008 /  #11
able to afford or be inclined to play the stock market

There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down in the financial markets. Remember the days when lending was responsible?
Daisy 3 | 1,227  
20 Apr 2008 /  #12
Yes, yet I doubt they will be the ones to suffer most.
Lukasz 49 | 1,746  
20 Apr 2008 /  #13
People who are struggling to pay for the basics, like food, warmth and shelter are neither able to afford or be inclined to play the stock market

you know I think more people in Poland are closer to bottom line than Brtish (as to haveing possibility to do business)... so I understand what do you mean. We are going to have slow down in Poland as well. Maybe it is not going to be so drasctic but still ... we are part of world economy.

There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down in the financial markets

it is 100% true.
Daisy 3 | 1,227  
20 Apr 2008 /  #14
you know I think more people in Poland are closer to bottom line than Brtish

I was referring to people in general, as Grzegorz said we are heading for global recession. It's the people in the lower paid jobs, whose livelihoods are going to be at greatest risk. People are feeling the credit crunch, they are going to stop spending on the luxuries, not the necessities. People are going to cut back on going out to eat, drink, visit the theatre etc., It's the lowest paid workers who work in these places and they are the ones who will see their jobs most at risk initially.
OP Wroclaw Boy  
20 Apr 2008 /  #15
It's the lowest paid workers who work in these places and they are the ones who will see their jobs most at risk initially.

This is also the bracket (from the UK side) where most of the immigrants are employed. Lets say unemployemt increases and Mr employer decides to lay off Brits in favour of keeping on their cheaper harder working foreign employees. Mr Brit labour worker is going to be pretty pissed to say the least.
tornado2007 11 | 2,274  
20 Apr 2008 /  #16
Mr Brit labour worker is going to be pretty pissed to say the least.

aren't they already pissed????? Undercutting, cowboy jobs, cheap labor etc etc
Grzegorz_ 51 | 6,163  
20 Apr 2008 /  #17
aren't they already pissed?????

So they better change their panties...
tornado2007 11 | 2,274  
20 Apr 2008 /  #18
ow greg trust you to misunderstand a sentence :) i can't blame you though as English is your second language
OP Wroclaw Boy  
20 Apr 2008 /  #19
aren't they already pissed?????

Yup, and its going to get a lot worse before it gets better.

Best strat putting pennies in the piggy.
szarlotka 8 | 2,209  
20 Apr 2008 /  #20
Best strat putting pennies in the piggy.

Time to start hoarding things too - petrol, bread, water etc. and in Osiol's case, carrots
OP Wroclaw Boy  
20 Apr 2008 /  #21
in Osiol's case, carrots

Yeh, im thinking of starting a vegetable garden just in case. Live off the land a little.
Daisy 3 | 1,227  
20 Apr 2008 /  #22
Time to start hoarding things too - petrol, bread, water etc. and in Osiol's case, carrots

With Grangemouth refinery shutting down, people in Scotland are starting to do that already

Yeh, im thinking of starting a vegetable garden just in case. Live off the land a little.

Sorry, all available land will be needed to grow plants to make bio fuel
Kilkline 1 | 689  
20 Apr 2008 /  #23
It's the people in the lower paid jobs, whose livelihoods are going to be at greatest risk.

Phew, thats a relief.

I'll still sack one of the nannies though just in case.
Seanus 15 | 19,706  
20 Apr 2008 /  #24
Exactly what the bankers want. World recession is their dream. If they had their way, it'd be a world government in recession so they could call the shots.
Mali - | 300  
20 Apr 2008 /  #25
It appears as though the UK is heading for another recession.

UK and pretty much everywhere else. In Canada, economists are saying that the coming recession will be the worst one in 50 years. Gas prices are soaring and people are panicking. My family hasn`t felt it yet, but we`ll see what happens in the next few months.

Exactly what the bankers want. World recession is their dream. If they had their way, it'd be a world government in recession so they could call the shots.

Yup. A few rich ba$tards calling the shots. They probably figured out how much money they can make by inducing a debt crisis in the third world, so why not do it worldwide?
szkotja2007 27 | 1,499  
20 Apr 2008 /  #26
enjoy. open short possition :) be rich

The "smart" money will be doing this.

Those looking for security should buy Gold.

And for those of us who are not tycoons - pay your debts off as soon as you can !
hu_man 6 | 131  
20 Apr 2008 /  #27
But what makes me laugh it aint the lowest paid workers who are gonna feel it, its the ones taking credit, the poor folk(laughs to him self) dont take credit they just live and their happy.. its the ones that thought they were better with the credit that will feel it, cos they are the ones that will be going without.....!
Lukasz 49 | 1,746  
20 Apr 2008 /  #28
Those looking for security should buy Gold.

More and more people talk about Gold (bad sign)... Congrat. because I remember that you have been talking about that more than half year ago ...

stooq.com/q/?s=gc.f&d=20080418
Seanus 15 | 19,706  
20 Apr 2008 /  #29
Greedy gits like Larry Silverstein and his henchmen hoard it. There were vast reserves of gold under WTC5, that Zionist prick likely made off with it. May he get his comeuppance. Stop 'pulling it' Larry and start thinking about others
BubbaWoo 33 | 3,510  
20 Apr 2008 /  #30
Yup. A few rich ba$tards calling the shots

why would you want a poor barstard calling the shots. if they cant get their own poop together why should they go anywhere near other peoples poop?

smart people invested in lead a while back

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