Accepting your figures for the moment;I think I've made the point before that more than 4 out of every 5 people will not lose their job or suffer a significant fall in earnings (other than maybe bonus cuts or small tax increases). Why are people in secure jobs suddenly going all frugal? It'll only make the situation worse.
I think I've made the point before that more than 4 out of every 5 people will not lose their job or suffer a significant fall in earnings (other than maybe bonus cuts or small tax increases). Why are people in secure jobs suddenly going all frugal? It'll only make the situation worse.
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Whats a secure job? Financial Services? Nope. Hospitality Industry? Nope. Manufacturing? Nope. Services Industry? Nope. Construction? Nope
Undertakers & bankruptcy lawyers/accountants.
I think I've made the point before that more than 4 out of every 5 people will not lose their job or suffer a significant fall in earnings (other than maybe bonus cuts or small tax increases). Why are people in secure jobs suddenly going all frugal? It'll only make the situation worse.
I do not know about that. A lot of people are self employed and many have suffered major cuts already, depending on the sector.I think I've made the point before that more than 4 out of every 5 people will not lose their job or suffer a significant fall in earnings
One thing for sure is that there will be a lot more job losses if as individuals we sit on our cash rather than spend it.
And less not get all dramatic here, a 1% levy will not see you destitute. Only a handful of people could have their budgets that delicately balanced. Accept it an move on.
I think you're missing the bigger picture. Despite the headline grabbing sales or half price corn flakes, inflation on goods and services continued for most of last year.
Oil is dowm
petrol down
Most goods imported from stg area now down a bit at least
People can buy on line from UK or go up north for their shopping where not.
Most shops / service providers are cutting their prices
I'm ignoring the impact of mortgage interest rate decrease because I don't think anyone would be foolish enough to spend this money.
People can buy on line from UK or go up north for their shopping where not.
Goods and services are more affordable now than they have been in years
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