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Debate House Prices
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National incomes down 13% in 4 years.
shortchanged_2
Posts: 5,546 Forumite
http://www.bbc.co.uk/news/business-20048421
Well there's your reason for recession that so many people seemed to ignore or overlook.
It honestly beggars belief that so many people felt the UK could continue to grow with the facts that were right before their eyes.
Well there's your reason for recession that so many people seemed to ignore or overlook.
It honestly beggars belief that so many people felt the UK could continue to grow with the facts that were right before their eyes.
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Comments
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The engine of the uk is house prices, once these baby's boom again wages will increase0
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moneyinmypocket wrote: »The engine of the uk is house prices, once these baby's boom again wages will increase
and I quote from the article..."An over-reliance on the housing bubble and personal debt exaggerated income growth in the run-up to the recession," said TUC general secretary Brendan Barber.0 -
Graham_Devon wrote: »and I quote from the article...
Not sure I understand that does that mean debt and equity count as net income.
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Graham_Devon wrote: »and I quote from the article...
That one will be poo pooed by the usual suspects on here graham because it is from a trade union spokesperson.0 -
I earn 20% more than in 2008 when I was paying 6.9% on my mortgage, I now pay 4.2%. I love the recession!
It's not all doom and gloom.0 -
worried_jim wrote: »I earn 20% more than in 2008 when I was paying 6.9% on my mortgage, I now pay 4.2%. I love the recession!
It's not all doom and gloom.
No it isn't for everyone. But that is always the case. There are always some people who do well which is why I suppose we always get people on here saying 'recession, what recession.'
But unfortunately the figures speak for themselves and show that the majority of the UK popualtion are not doing so well at the moment.0 -
6m public sector workers won't have had a pay rise for a few years...only those on the lower scale.0
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6m public sector workers won't have had a pay rise for a few years...only those on the lower scale.
And then limited to 1% per annum for the next 2 years which will be below inflation.0 -
6m public sector workers won't have had a pay rise for a few years...only those on the lower scale.
...and the vast numbers who enjoyed pay rises under the absurd sliding scale system.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Turnbull2000 wrote: »...and the vast numbers who enjoyed pay rises under the absurd sliding scale system.
vast...millions or hundreds of thousands or thousands..0
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