What with all the daily doom postings, what are the panels' views on when this will all start to really affect joe public?
Currently mortgages are harder to come by for those with a less than glittering credit history or without a substantial deposit but this is only affecting those that have to find a new source of funding (i.e those whose fixed term has come to an end and who would otherwise be scuppered by the new rate). These people are the minority so the great unwashed is (as I see it) currenly unaffected.
So how long will it be before companies start mass shedding of jobs and we see 2nd and 3rd tier suppliers go to the wall because the big cos are cutting back?
Is anyone outside of financials seeing large projects being canned?
Currently mortgages are harder to come by for those with a less than glittering credit history or without a substantial deposit but this is only affecting those that have to find a new source of funding (i.e those whose fixed term has come to an end and who would otherwise be scuppered by the new rate). These people are the minority so the great unwashed is (as I see it) currenly unaffected.
So how long will it be before companies start mass shedding of jobs and we see 2nd and 3rd tier suppliers go to the wall because the big cos are cutting back?
Is anyone outside of financials seeing large projects being canned?
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