well here in wales i predict gloomy with house prices set to fall and banks cutting back and the house building is non existent here i predict a fall in work. i have noticed that the last year has been a bad one with income down by 50% and all clients saying the same that business is down? and this spend today pay later is big trouble coming?we are a society of debt hence these money lenders starting up every week? as RBS i would like to think it will rise?but we can all live in hope i think a turmoil time will be ahead and when the election is over it will see a drop again with uncertainty? batten down the hatches??
Interesting Guardian item...... assuming half of it true ....it is not at all surprising that debt is increasing to help fuel the supposed economy growth... how long it will take for the debt mountain to get to a height that the UK gets in trouble again remains to be seen...
Growing debt for small businesses that are living in hope that profits will return, debt to fund mortgages and rents... and utility bills. ...
We all know that it is easy to say stay out of debt.... but lower incomes and high prices and costs to some are a bad combination to live by... moving out and getting a place of your own was great adventure years ago... but staying with mum and dad is now it seems a better financially affordable option to god knows how many..... in the UK.
With many banks encouraging taking out a loan and moving credit card debt around, and pay day loans and others with little regulation on debt available and multiple store cards offered.. the growing bonfire of debt keeping the wealthy nice and warm may well over time let the fire get out of control... and in the near future another recession emerges.....
Each generation has their thoughts on debt, and jobs and your location can create big differences of wealth or benefit reliance... I do not buy the premise that the UK economy is now getting better for the majority....
This said the UK will no doubt soldier on regardless of troubles and tribulations ... and debt.
But keep smiling... the UK is better off than many other countries...
The trouble with reports like this and others IMO .. it is mostly down to Location... And dare I say a little ramping...and MPs do a lot of that... How many different reports have there been in the last year..
Regarding RBS SP .. I let the market be my guide..
OK, I can just about see how you take the views you do but maybe D&D, sorry B&B, were somewhat worse when it was they who deregulated the banks, plundered the pension funds, and as I noted earlier, sold the gold. I don't read any criticisms of those jokers? But as you say its all in the past and the Country has in many ways improved. There are still many of the age old problems but they are gradually being hauled in. As I said a day or two ago the real improvements will come with greater individual responsibility, All the Best for 2015.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.