What Recession? We've never had it so good! – Page 2 – Chat Forum

Spongebob · 2010-11-19T12:22:32Z

The controversial headline from Lord Young. His point was that anyone with morgage has seen a big drop in what they have to pay. This is largely true! (base rates at 0.5%!) He didn't say this, but unemployment is a lot lower in this recession than in that of the 1990's. We haven't seen carnage in the ridiculously over valued housing market either. The ready availability of cheap money fuelled this burgeoning market. Lenders are much more conservative now (and quite right too). We are told this crisis is the biggest one since records began, since the war, depending on who you take notice of. There is no dispute, the econimic situation is much worse than that of the 1990's recession. So why hasn't there been any real pain for the majority yet? Quantative easing? The last administration commited us to excessive spending and the huge increase in the numbers employed in the public sector to skewed the economy. I don't know if this was intentional, or circumstantial. Knowing Labour and their financial incompetence, i'm with the latter. Whilst Lord Young's comments are insensitive to those who are suffering as a result of the downturn, he has a valid point. I'm suffering, but the comments don't offend me. What IS offensive to me is the stifling of free speech and not being able to state the obvious!!! I'm not really sure why Cameron is so upset. Have you got any idea? I'm not feeling much confidence in the coallition!

TheArtistFormerlyKnownAsSTR

Posts: 14773

Full Member

Effects of the recession for me - redundancy from a £40k + perks job (although I took voluntary 3 months before they shut the doors)

Set up on my own and not had a day yet since January without work and turned over £80k in 11 months as a sole trader with no employees.

It may hit me over the next year though as I work on the roads.

Tied in to a 6% mortgage, but other than that, never had it so good.

Posted : 19/11/2010 9:19 pm

Frankenstein

Posts: 4130

Free Member

TheArtistFormerlyKnownAsSTR - Well done! 😀

Posted : 19/11/2010 9:58 pm

chewkw

Posts: 19543

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trailmonkey - Member

Be sure to make those feelings known down at your local JobCentre.

It will probaly help you cut down on your dental bills.

I guess I will be toothless (well one tooth less) when I visit them so not sure if visiting them will help ... LOL!

Posted : 19/11/2010 10:10 pm

scraprider

Posts: 2

Free Member

vat increse in jan may be a diffent story.

Posted : 19/11/2010 10:15 pm

MoreCashThanDash

Posts: 33187

Full Member

In the good times under Labour, got made redundant twice, had to relocate to somewhere we could afford to live and wasted all my previous managerial experience having to do rubbish call centre jobs while studying part-time for a degree that was completely devalued by the huge numbers of zombies being encouraged to go to university so we could meet some stupid (originally Tory?) target.

Never mind, if the public sector unions agree the proposed civil service redundancy package, the third redundancy - when it comes - will just about pay off the mortgage.

In the meantime, we have enough to raise our family, have a comfortable lifestyle without any extravagances, so yeah, life is still pretty good.

Posted : 19/11/2010 10:18 pm

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