recession looming ?

**milanbenes** · 5 October 2005, 14:31

just to compound things...

http://www.sky.com/skynews/article/0...447272,00.html

"The cost of gas and electricity for millions of ScottishPower customers is to rise by up to 12%.

From October 17, electricity prices will rise by between 5% and 8%, depending on payment method and region, with gas going up by 12%.",

this won't help matter either...

http://www.sky.com/skynews/article/0...447529,00.html

"The AA is facing a fresh clash with a leading trade union over the closure of its final salary pension scheme to new employees.

The motoring organisation was also cutting benefits for existing employees, the GMB union said although this was denied by the company.",

Milan.

**ratewhore** · 5 October 2005, 14:32

bollocks!! security is where it's at and will continue to be while you bunch of feckless developers continue to write crap code...

...or at least until all the work goes to India and they write code ten times worse!!!

Busy, busy, busy.

**milanbenes** · 5 October 2005, 14:46

and there's more...

http://www.sky.com/skynews/xml/artic...445320,00.html

"The Bank of England today announced that mortgage equity withdrawal increased from £6.4 billion in the first quarter of 2005 to £8.7 billion in the second. "Mortgage equity withdrawal" occurs when homeowners borrow against their homes but don't reinvest this money in property. In other words, they withdraw their housing wealth and splurge it!

",

Milan.

**Rebecca Loos** · 5 October 2005, 14:48

well at least it also proces there's equity in their homes Milan

Rebecca in "Belgium Housing Market?" mode

**milanbenes** · 5 October 2005, 14:57

I think you are missing the point luv, but that won't be the first time will it.

also, it's not Belgie any more, it's Doychland.

Thanks,

Milan.

**Clownio** · 5 October 2005, 15:32

Originally posted by milanbenes

http://www.sky.com/skynews/article/0...447271,00.html

"Recent figures showing the UK suffered its weakest quarterly economic growth rate for 12 years.",

http://www.sky.com/skynews/article/0...447381,00.html

""The current trading environment is tough and conditions have worsened since our AGM trading statement in July," said the owner of the JD Sports chain. "

the crash is coming.

Milan.

That's rubbish , I spent an absolute fortune in JD sports over the weekend - they'll be OK. . . .

Mind you I did just complete on my new £750,000 mortgage.......Doh !

**Francko** · 5 October 2005, 15:37

Originally posted by milanbenes

I think you are missing the point luv, but that won't be the first time will it.

also, it's not Belgie any more, it's Doychland.

Thanks,

Milan.

Are you in Germany?

**BlasterBates** · 5 October 2005, 16:07

£750,000 mortgage

**steve'O** · 5 October 2005, 16:17

Originally posted by BlasterBates

£750,000 mortgage

Well one has to have at least a compact bed-sit to retire to

in the evening innit!

recession looming ?