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So when do you reckon we can say we're over the worst?
Blacklight
Posts: 1,565 Forumite
This budget to me feels like it's a line drawn under the whole mess of the last three years. After this I feel like we'll know what's coming and can prepare to get on with our lives.
Assuming we all go about our business with a bit less money in our pockets for a while and the government doesn't disintegrate, the UK credit rating isn't downgraded, BP doesn't bring the country to it's knees, another large bank doesn't fold and Iceland doesn't explode all over Scotland again... how long do you think it will be before we can safely say it's all over? We're out of the woods, we can start reducing the stocks in the bunker and have a good old laugh at the 'Complete armageddon is 100% correct and guranteed' brigade?
Assuming we all go about our business with a bit less money in our pockets for a while and the government doesn't disintegrate, the UK credit rating isn't downgraded, BP doesn't bring the country to it's knees, another large bank doesn't fold and Iceland doesn't explode all over Scotland again... how long do you think it will be before we can safely say it's all over? We're out of the woods, we can start reducing the stocks in the bunker and have a good old laugh at the 'Complete armageddon is 100% correct and guranteed' brigade?
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Blacklight wrote: »This budget to me feels like it's a line drawn under the whole mess of the last three years. After this I feel like we'll know what's coming and can prepare to get on with our lives.
Assuming we all go about our business with a bit less money in our pockets for a while and the government doesn't disintegrate, the UK credit rating isn't downgraded, BP doesn't bring the country to it's knees, another large bank doesn't fold and Iceland doesn't explode all over Scotland again... how long do you think it will be before we can safely say it's all over? We're out of the woods, we can start reducing the stocks in the bunker and have a good old laugh at the 'Complete armageddon is 100% correct and guranteed' brigade?
When base rates = RPI + 1% (or thereabouts) and no more QE is being discussed by the BoE.0 -
When we are near full employment, and the BoE are actually tightening monetary policy.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
When the worst has actually happened........Not Again0
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I'm going for a decade....or so.
But then I am a perpetual pessimist (or realist depending on your view!).We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
“The pessimist complains about the wind;. the optimist expects it to change;. the realist adjusts the sails.” William Arthur Ward
Spot on Chucky, just get on with life as it is now there will always be uncertainty and adjustments to be made.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You have to be cautiously optimistic...at all times ( I exclude amcluescent from this).
The new normality will be different from what we used to consider as normal, but when wasn't that likely anyway ?
It will take 5+ years for the economy to stabilise to this new normality.
Until then you need to keep an eternally open mind.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
I think that once the Budget is over, as long as they've announced some serious changes to tackle the debt, then we'll be looking at some fairly steady, sustained growth, maybe not too many percentage points, but certainly more positive than the past few years.
I know so many people who are sat on their hands waiting for a sign that things are being brought under control. They have money to spend, jobs to offer, etc., but have been frightened of the future. The general feeling is that we all want to know what the pain is going to be, whether that be higher taxes, reduced benefits, etc., and then once we know, we can all plan accordingly and get on with our lives and businesses.
One small business client of mine with a small (4) van fleet has always bought a brand new van every year, so he changed his fleet over a 4 year time period. He's done that for the two decades I've been his accountant. He hasn't bought a new vehicle for three years now - that's been down simply to lack of confidence - he's got the money in the bank but he's playing it cautious and keeping the money there until he knows what the future holds. He has said that he'll go out and buy a couple of vans as soon as the future is clearer, and then probably buy another couple a year or so later, to bring his fleet back up to being "nearly new" again. That's well over £50k of money sat in his bank account, just waiting to be given to the local van dealership as soon as the guy's confidence returns. How many other businesses are doing the same? I know quite a few who are keeping their investment/spending plans on hold.
Same with job creation. If I had some certainty about the future (together with some real incentives from the Govt), I could take on 1 or 2 new employees. As it stands, I'm turning work away because we're so busy. There's no way I'm employing anyone until I have confidence in the future and that will only come through them getting to grips with the debt.0 -
You have to be cautiously optimistic...at all times ( I exclude amcluescent from this).
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So you include Asheron (by omission) :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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