Originally posted by Cyberman
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Credit Crunch ™ is over
Collapse
X
-
-
Originally posted by Cyberman View PostCredit crunch is not over. Banks are still being very careful with their lending and more companies are thus going bust and unemployment still rising. This will make banks even more reluctant to lend.
The recession will drag on as people hold back on spending and concentrate on paying off debts as they continue to worry about their jobs.
Petrol will reach 1.20 pounds a litre again by Xmas further putting brakes on spending power and thus the economy.
Inflation will rise over the next year, meaning interest rate rises..... taxes will also rise and public spending will be cut to fill Labour's enormous black hole, all of which will damage the recovery by reducing disposable income.
People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.
Boomed!Comment
-
Originally posted by DimPrawn View PostI'd say wrong on pretty much all counts there.
People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.
Boomed!Fiscal nomad it's legal.Comment
-
Originally posted by alreadypacked View PostWhat about all the students that will not get into Uni. and can't find a job. Unemployment will rise, New Lie will adjust it, but they will not go away.ǝןqqıʍComment
-
Comment
-
Originally posted by NetwkSupport View Postthe rich are just getting richer and the poor are getting poorer thats all.
Comment
-
Originally posted by DimPrawn View PostI'd say wrong on pretty much all counts there.
People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.
Boomed!
If you think that interest rates will remain at these low levels for that long then that really is proof that the recession will be dragging on and makes your argument illogical. Any sort of recovery would mean interest rate rises to counter inflation.Comment
-
Originally posted by Cyberman View PostIf you think that interest rates will remain at these low levels for that long then that really is proof that the recession will be dragging on and makes your argument illogical. Any sort of recovery would mean interest rate rises to counter inflation.
Credit will be free flowing, rates low, asset prices (houses etc) will balloon and people will become "rich" again.
All funded by public borrowing and printing money like it's going out of fashion.
Why bother with industry and a proper economy when you can print money?Comment
-
Originally posted by BrilloPad View PostIf you are right then console yourself with the thought of a Tory government next May and the fact that everything will be perfect after that.
The major benefit of the Tories will be that they will take tough decisions on public spending and pensions that Labour have failed to do. We are rapidly disappearing into an abyss under these incompetent cretins.Comment
-
Originally posted by DimPrawn View PostNot at all.
Credit will be free flowing, rates low, asset prices (houses etc) will balloon and people will become "rich" again.
All funded by public borrowing and printing money like it's going out of fashion.
Why bother with industry and a proper economy when you can print money?
All those points would cause inflation and thus interest rate rises, which destroy your argument.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment