Wednesday, 13 August 2008


Yesterday, it was announced that UK inflation is now 4.4%, the highest recorded so far since 1997.

Today, it was revealed that unemployment is now at 5.4%, in the three months leading up to June 2008.

By now, the buzz word ‘credit crunch’ should be a familiar phrase since 2007. News report blames high fuel price and expensive cost of products pushed global economy downwards and costs upwards. It doesn’t help with property prices are in the decline and interest rates going up, unless you are a saver.

If this carries on, will we spiral into a recession?

I’m not sure if I want to experience one, like everyone else, I can only hope this is the lowest that it can go and we will bounce back soon.

Optimistic? Perhaps.

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