Do you feel the credit crunch?

[benb]

Folks, don't cut back too much too fast!!! Take it easy! We need to spend else the economy will contract too fast and may be doomed. If you are already stable and have a good job then just do what you normally do.

The media is frightening people too much! There is no war or shortage of food.
We need better regulations in the banking sector (e.g. loans, mortagages etc).

Cheers,

[andypaul]

Folks, don't cut back too much too fast!!! Take it easy! We need to spend else the economy will contract too fast and may be doomed. If you are already stable and have a good job then just do what you normally do.

The media is frightening people too much! There is no war or shortage of food.
We need better regulations in the banking sector (e.g. loans, mortagages etc).

Cheers,

Oh no another who thinks the UK ecomony will simply grow if we spend money on imported goods


Dear Mug i mean taxpayer

My great idea spend all your money in shops on non uk goods amass huge amounts of debt. Pay more than a house is worth so we look like we have a growing ecomony. While your doing that i'll sell of all i can so we can spend now and not invest for the future.
I'll hope the growth carries on and borrow vast amounts in the prospect that the UK will agaisnt all predictions and clear to see signs will have a huge increase in growth over the next three to five years.

kind regards

Gordon Brown and his darling

Dont shut up shop but spend with in your means and put away for a rainy day. Thats not advice for now thats just common sense

[KeithD]

Dear Mug i mean taxpayer

My great idea spend all your money in shops on non uk goods amass huge amounts of debt. Pay more than a house is worth so we look like we have a growing ecomony. While your doing that i'll sell of all i can so we can spend now and not invest for the future.
I'll hope the growth carries on and borrow vast amounts in the prospect that the UK will agaisnt all predictions and clear to see signs will have a huge increase in growth over the next three to five years.

kind regards

Gordon Blackadder and Darling

[andypaul]

More baldrick cunning plan i was thinking Sir

[Sangoma]

Folks, don't cut back too much too fast!!! Take it easy! We need to spend else the economy will contract too fast and may be doomed. If you are already stable and have a good job then just do what you normally do.

The media is frightening people too much! There is no war or shortage of food.
We need better regulations in the banking sector (e.g. loans, mortagages etc).

Cheers,

OK, send me some and I'll help you spend and support the economy.

To be honest it has made no difference to me as yet, but as soon as my wife and step-son arrive, I'm sure I will notice it.
I have been "supporting the economy" spending quite a bit lately, getting the house ready etc., but that will stop soon.

I have noticed the sharp rise in prices for some things, but with just the two of us in the house at the moment, it doesn't make much difference.

My biggest worry is investments, I've split it between different banks, but I don't think any of them are as safe as under-the-mattress!

[benb]

My biggest worry is investments, I've split it between different banks, but I don't think any of them are as safe as under-the-mattress!

Do you mean protected bonds, savings, ISAs? I think first £50k is protected. So spread them out - no worries.

But if you mean stock and shares - then good luck!!

I've already lost ~80% value of my stocks portfolio.

Cheers,

[walesrob]

Do you mean protected bonds, savings, ISAs? I think first £50k is protected. So spread them out - no worries.

But if you mean stock and shares - then good luck!!

I've already lost ~80% value of my stocks portfolio.

Cheers,

I must be one of the luckier ones then - I have no savings, no investments, no stocks or shares, no ISA's and I work for a company where sales are up by 20% from last year.

[benb]

I must be one of the luckier ones then - I have no savings, no investments, no stocks or shares, no ISA's and I work for a company where sales are up by 20% from last year.

Great! What sort of company is it? Cakes?

But do save up for emergencies. In general, one should have about 6 months of net pay as savings as backup.

Cheers,

[walesrob]

Great! What sort of company is it? Cakes?

But do save up for emergencies. In general, one should have about 6 months of net pay as savings as backup.

Cheers,

Nope frozen food.

6 months? I would say 1 month was more realistic, and anyway, Elsa and I don't have a house, don't yet have children, and very little debt.

[joebloggs]

me, no savings, big debts

just transferred what i owed on my CC to a loan, no problems getting the money from RBS , in fact they phoned me, asking about transferring it,, so til the misses passes her exams and works full time, i'm in the

she's on the train to London now, first class, ticket was only £48, exam tomoz

told the guy at rbs, don't even bother trying to sell me insurance if i'm ill or lose me job or life insurance , told him i was made redundant 4 months ago, got a new job within days. so i'm not prepared to waste money paying for loan protection

i told him, he's the one who should be worried , he said nothing changed at the branch yet.. , no doubt it will thou