Tough times ahead . . . .

[Roadkill]

http://news.bbc.co.uk/1/hi/business/7724215.stm\" target=\"_blank\" rel=\"nofollow\">http://news.bbc.co.uk/1/hi/business/7724215.stm

(editted)

[EDGE]

looks like my mortgage is going down.....

[Roadkill]

Originally posted wrong link.

There's speak of further interest rate cuts . . . . .

Inflation is falling, too.  Unemployment is rising.  The pound is falling.

[EDGE]

oh yeah, we're all fooked AND my mortgage is going down



time to emigrate me thinks....

[HardRockCamaro]

Can't win really.

One minute inflation is 3%, which is higher than the 2% target, the next it rises to 5.2(?)% then it falls just 0.7% to 4.5% and as soon as it does that they say we may end up with deflation (negative inflation figure) which I would have thought was premature...
Then again that huge increase in fuel prices contributed a lot to the higher inflation figure, so I suppose it stands to reason that a sharp drop in fuel prices would have the opposite effect?  Especially as these figures are comparing this year to the last...

It's all very complex really...

Need to find my arse a job ASAP, don't want to be the one left standing when the music stops...

[Roadkill]

Quoting: HardRockCamaro

they say we may end up with deflation

Yeah, I've heard that's a strong possibility.

With all the borrowing done to bail the banks out we're effectively making the Pound worthless.

And it shows in the markets.

[ianjpage]

not good however you look at it

[FUBAR]

All this at a time when we have an Olympics to pay for... typical isn't it.

[Gator]

Quoting: FUBAR

All this at a time when we have an Olympics to pay for... typical isn't it.  

and id cards

[Roadkill]

Quoting: Gator

and id cards

And not forgetting the Banking Executives' Christmas parties.

[philoldsmobile]

Quoting: Gator

and id cards

I.D. cards are long overdue.. shoulda had a combined passport / id card / driving license a long time ago..