Effects of recession?

LydiaJ

My house deposit fund is not earning as much interest.
I've had a pay freeze at one part-time job.
At the other part-time job I asked to increase my hours by 5 hours/wk and they were only able to give me an extra 1 hour/wk.
Petrol is more expensive.
On the plus side, child care expenses have been frozen too, and the houses I might eventually buy are no longer rocketing in price.

But all in all, not too bad so far. I am trying to get a head-start on austerity habits now, because as someone who both pays income tax and claims WTC/CTC, I am expecting to get hit from both directions after the general election.

bo_drinker

fc123 wrote: »

Perhaps to read a bit of misery?.

Got it in one.:T

Pobby

I just find it all, living day by day. No mortgage and savings/ investments going no where. Mrs. P has a job that`s safe, as many hours as she wants but not great pay. I have my little business down from over £50k profit a year to a fraction of that but it doesn`t seem to be getting any worse. If we have £500 a week coming in we still live like kings. Don`t spend any thing like that amount.

bendix

No effect at all. On the balance, it's been relatively positive. Cash savings secure and earning very good interest rates overseas, and further enhanced by the fact that the Kiwi (my cash is in New Zealand) has soared 20% against sterling in recent months. Equity based investments doing well. I only got into the market back in May, so missed the start of the rally but you can't have it all ways.

Job secure. I didn't get an increase or bonus at the annual pay round back in May, but as I'd only been in the job three months, I wasn't expecting one.

All in all, not too bad.

bryanb

bo_drinker wrote: »

Why start the thread if it doesn't affect you I could spend all night starting threads about things that don't affect me but do affect thousands of others, but why.

Why not?
But to answer your question with another. Why bother to post on such a thread as this?
Also interested to know how Derek Simpson's verdict on Gordon Brown affected you? See your recent thread on the subject.

PasturesNew

Pobby wrote: »

I have my little business down from over £50k profit a year to a fraction of that but it doesn`t seem to be getting any worse.

Oh wow, a little business?? You must do something clever.

Davesnave

PasturesNew wrote: »

Oh wow, a little business?? You must do something clever.

B*gger, it makes mine a micro-business!:(

Pobby

Lol PN. That figure quoted comes from the good old boom days and was reliant of a lot of customer activity. Once again, I hasten to add that I won`t get even close to half of that. Also I had approx £12k running costs to deduct. The one good thing is that my overheads are almost a 100% not fixed.

movilogo

I was made redundant in earlier this year. Though I managed to get a job later but had to take 40% salary cut.

Yes, I am feeling pinch of recessasion every moment

JonnyBravo

We're now in consultation period at work. (100+ to go, 90 day consult)
All will be decided for Xmas.
I'll let you know how it has affected me by then if that's ok? :cool: