I am now officially fed up to the back teeth of this phrase. It is the headline news on nearly every occassion. Talk about hyping yourself into a situation.
I am not suggesting that this isn't a difficult time for many people but if there are many more case studies of people that have bought a house on a 100% mortgage on a fixed rate deal and are now facing the reality of an increase in payments and can't afford to have another child / shop at Sainsbury's etc I will scream
Yes house prices are going down - that makes sense as there was no way in hell it could have continued at the rate it was going and wasn't everyone complaining not too long ago that this was getting out of control.
So the financial services sector is having a diffiult time - what a shame- that was also predicated the way they were positively giving money away to bad causes
Food prices are going up - can't remember many years when they have gone down
The Government is suggesting that pay rises should be kept to a level of below 2.5% for the risk of increasing inflation - for god's sake when have they ever encouraged an above inflation pay rise
aaaahhhhhhhh