Recession, what recession...Isn't it great??

neverdespairgirl

I love it. But it's the kind of job that, if you didn't love it, you'd hate it, if that makes sense.

It's hard to get into the profession. You need, to have a decent shot, mostly As at A level, a good 2.i from a good university, lots of relevant extras such as mooting / debating, and a whole lot of luck to boot.

There isn't much certainty, either, you have to be very flexible. For example, this week OH thought he would be in Carlisle Monday and Tuesday, papers today, and Croydon tomorrow. In fact, his Carlisle hearing finished in one day, he was in central London Employment Tribunal today, and is in Watford on Friday.

tori.k

i will agree on most points with you mitchaa,as Cornwall has been in a recession for year's and just been waiting for the rest of the UK to catch up,its a buyer's market at the mo and if there is something you really want/need,fill your boots,i used to worry about spending to much,but what am i saving for???security...a nest egg...for what,once the out going are covered i might as well enjoy the fruits of my labour now rather than stuffing the matress for a rainy day,whats the worse that can happen...you lose your house..the goverment have a duty of care....you go bankrupt...the worry of debt is gone...and before anyone starts shouting, (i do own my house and i do work) but i will let other's worry about the big picture,ive got my health and my wonderful family a lot more than some have,enjoy today as tomorrow might never happen....

mitchaa

smk77 wrote: »

Mitchaa...you are being very short sighted! Scotland (and aberdeen in particular) has seen house price increases whilst the rest of the UK started to drop. Our time has come as the central belt is now seeing drops. Scotland (and Aberdeen) will follow the rest of the UK and of course things will start to improve after the rest of the UK.

Have a read of this:

http://www.s1homes.com/news/2008-11-13-1.shtml

Not saying Scotland or Aberdeen is immune from falls SMK. The same strict mortgage lending applies no matter where you are in the country.

They have lesser to fall though in terms of affordability factor. England may see 30% overall falls, Scotland may only see 15-20%.

Been through this 1 before;)

Entertainer

It's true in a recession the majority of people will stay in work (in the last recession unemployment was 10% so 90% were in work.) Those with index linked salaries like public sector workers will continue to see their living standards rise and they will also benefit from discounting from retailers.

While it's easy for those out of work to feel resentful and perhaps those in work to feel guilty about enjoying life (not Mitchaa obviously), it is in all our interests that those who are still doing well continue to spend because this is what keeps the economy afloat.

Those in the private sector such as self employed people will perhaps see their income drop even if they continue to work. I am in this category and my income is tumbling. This will rarely happen in the public sector, a nurse would not see her income cut by 30%- she either has a job or she doesn't, likely the former.

One caveat though for Mitchaa and others to consider. Even if you think you are avoiding the recession, you will all pay the bill for it eventually. The way that public finances are deteriorating is truly horrifying- the national debt will be 58% of GDP within two years, levels not seen since the 1970's and that is on an optimistic forecast. The predictions made in April in the Budget have been massively revised on a scale never before seen in the economic history of this country. Taxes will inevitably soar in future years and that's if we're lucky and this recession doesn't turn into a depression. This is why it is in all our interests that the recession is short.

Everyone will therefore pay for this (completely avoidable) catastrophe in a big way. Billions of pounds are effectively being taken outside and burnt.

Mitchaa could very well be personally paying a five figure sum for this disaster. So suddenly the 200 quid saved on the dryer doesn't look like such a good deal.