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.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Stagflation: Batten Down The Hatches ... here it comes (allegedly)

PasturesNew
Posts: 70,698 Forumite


Obviously we're all sat just watching things unfold. And can all theorise on what may or may not happen.
Some things seem certain; Government intervention takes on new guises.
Here's a report from Gordon Brown's camp:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/09/cnpain109.xml
"Britons must steel themselves for a sharp fall in living standards"
Some things seem certain; Government intervention takes on new guises.
Here's a report from Gordon Brown's camp:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/09/cnpain109.xml
"Britons must steel themselves for a sharp fall in living standards"
0
Comments
-
A period of higher inflation would benefit me as I get a RPI+0.5 payrise each year, A few years @ 10% would shrink my mortgage nicely... every cloud etc :-)0
-
Gah. Meanwhile, in the public sector, my pay "rises" are being used to "control inflation".0
-
Gah. Meanwhile, in the public sector, my pay "rises" are being used to "control inflation".0
-
There was an interesting program about Thatcher and Monetarism on last night, not much has changed really has it ?0
-
A period of higher inflation would benefit me as I get a RPI+0.5 payrise each year, A few years @ 10% would shrink my mortgage nicely... every cloud etc :-)
Stagflation is imho the ultimate nasty, and very hard to combat by any conventional means.
Sadly I feel we are in the eye of a financial and economic hurricane that is still gathering energy, we can do little but wait for the back wall to hit us.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
My mortgage is 5.99 fixed for the term fortunately, So if inflation rises above that I'll be paying negative interest while getting above (If you believe the figures which I dont) inflation payrises.
As it stands at the moment I have no savings to speak of, I use any money that I have surplus to overpay my mortgage, I work on the Railway so the job is fairly recession proof.
I realise not everyone is this fortunate though, people around here who work in the building trade are already starting to get laid off.0 -
My mortgage is 5.99 fixed for the term fortunately,Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
isnt the railway privatised? When people can't afford to pay the higher fuel rises.. and walk to work or loose their job.... railways will run less.
Nobodys job is really 'recession proof'. everything hurts everything. Less commuters means less revenue for your company... less money to give you pay rises.... less need for people to do X Y Z job... its cyclic.0 -
If you are big and strong buy a cycle rickshaw, so you can get customers who can no longer afford the road fuel linked taxi fares.
The Government will really have turned us into a third world country then.0 -
isnt the railway privatised? When people can't afford to pay the higher fuel rises.. and walk to work or loose their job.... railways will run less.
Nobodys job is really 'recession proof'. everything hurts everything. Less commuters means less revenue for your company... less money to give you pay rises.... less need for people to do X Y Z job... its cyclic.
I agree. Except for: http://loseloose.com/
Losers spell it looser. :mad:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.3K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.8K Work, Benefits & Business
- 617.1K Mortgages, Homes & Bills
- 175.6K Life & Family
- 254K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards