Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

"If Britain were Greece..."

BlondeHeadOn
BlondeHeadOn Posts: 2,277 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Debate House Prices & the Economy
Really eye-opening link from the BBC website, well worth a listen...

http://www.bbc.co.uk/news/magazine-17202274



"Job losses in the tens of thousands, drastic wage cuts, and working even further into old age - just some of the challenges that would loom in the UK if the government had to introduce austerity cuts on the scale currently facing the Greeks."


:eek:
«134

Comments

  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    I particularly like the very last point that we wouldnt even have the nice weather to enjoy as we'd have more spare time on our hands .......
  • ILW
    ILW Posts: 18,333 Forumite
    Hopefully, the current government is doing enough to stop it happening. If we had kept Brown for another term, we would be looking at a similar outlook to Greece.
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    Interesting article. I'd not want to walk a mile in their shoes. The more I see things like this and read similar articles the more I think default is inevitable.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ILW wrote: »
    Hopefully, the current government is doing enough to stop it happening. If we had kept Brown for another term, we would be looking at a similar outlook to Greece.

    Definitely on the cards: http://www.telegraph.co.uk/finance/economics/7423138/Europes-banks-brace-for-UK-debt-crisis.html
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • BlondeHeadOn
    BlondeHeadOn Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Masomnia wrote: »
    Definitely on the cards: http://www.telegraph.co.uk/finance/economics/7423138/Europes-banks-brace-for-UK-debt-crisis.html


    :eek::eek::eek:
  • ALIBOBSY
    ALIBOBSY Posts: 4,527 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 29 February 2012 at 2:40PM
    Masomnia wrote: »
    Definitely on the cards: http://www.telegraph.co.uk/finance/economics/7423138/Europes-banks-brace-for-UK-debt-crisis.html

    That story appears to be nearly 2 years old! So not really applicable now.

    Not saying it can't happen here, but obviously the situation has moved on.
    eg-Gordon was still in power when the article was written.

    ali x

    Just reread and realised poster may have been saying HAD GB stayed in power it was on the cards for us to have gone down the tubes lol. Sorry if i miss read doh!
    "Overthinking every little thing
    Acknowledge the bell you cant unring"

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ALIBOBSY wrote: »
    That story appears to be nearly 2 years old! So not really applicable now.

    Not saying it can't happen here, but obviously the situation has moved on.
    eg-Gordon was still in power when the article was written.

    ali x

    Just reread and realised poster may have been saying HAD GB stayed in power it was on the cards for us to have gone down the tubes lol. Sorry if i miss read doh!

    Sorry it's my pithy and elliptical style. 'It was definitely on the cards at the time', I should have put.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • purch
    purch Posts: 9,865 Forumite
    I'd not want to walk a mile in their shoes

    .....or sandals :)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    If my Aunty has ba11s she would be my Uncle :)
    '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 Thatcher
  • wellused
    wellused Posts: 1,678 Forumite
    Surely we still have a lot of slack in the system if it ever came to it, overseas aid and the British army's involvement in foreign affairs two name but two?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture