Credit Crunch

Credit Crunch

It's constantly in the news every day, but how has it affected your lives?

I haven't really seen any change or any effect for myself apart from a slight increase in the supermarkets, spoke to quite a lot of people who dont feel hit at all but then see loads at work who are devastated by the effects, losing thousands on investments etc.

How does everyone feel about the situation with the banks, are you concerned about losing money....

Discuss

is hasnt..apart from waxon festival getting cancelled which made my summer slightly less fun

nah, just the usual worry of job cuts, but where i work we earn the bank money so ive been told we're safe, also the fact barclays is still motoring along quite well so its business as usual for me

yeah that's the only slight concern i have although hsbc isn't ever mentioned in all the crisis stuff and im on the front line so not worried, wouldnt like to work back office in any bank at all though!

Chips & garlic in my local have SORED! from £1.50 to a whole £2 :evil:

Iv noticed the difference in utility bills, food, fuel etc.

My job is safe as I'm working on prisons and health buildings so we have work secured for the next 7-8 years but I feel for the guys I know who work for contractors as their jobs arent safe

Its affecting us getting a mortgage too as although the house prices are dropping, nobody is lending!

its the best thing to happen to this country for years, most of you lot dont even know what it is to actully have to SAVE UP to buy something, you have grown up in a credit culture where everyone piss's their wages up the wall on a weekend then loan to the hilt for things like holidays, clothes and cars.

Employers have been instructed by thr government NOT to raise wages under any circumstances as this will counter the affects of whats happening. Basically everyones going to have live within their means....fancy that! fuck me yr all fucked!!

As for investments Shares have been on the slide for years anyone "losing" are mugs with pensions linked to share investment... this is nothing for you to worry about.

As for housing its no big deal as well, its not a crash its a correction, whatever happens housing in the uk will still be artificially high,again nothing for you to worry about unless anyone on heres bought a stupidly overpriced house lately.. it would have to be around 200k for negative eq to really hurt...

Where its going to hurt is the basics like food heat and fuel, you used to be able to buy a loaf for 20p now its like 1.20 cheapest in morrisons...

Crime will also sore with Burglary esp going thru the roof as the Chavs start to feed on themselves....

Just as housing has "corrected" itself I fully expect the immigrant problem to correct itself if the recession is lasting as well... if we are scraping a living to get buy how are we going to change to our neighbors who are given everything on a plate for free? The National Front and BNP will suddenly be very popular.

Suddenly the streets of England may not be paved with gold for these freeloaders and it might just be worth the belt tightening the rest of us have to put up with.

The North East: responsible for the start of the Credit Crunch and the worldwide outbreak of Foot & Mouth, what a delightful place to live.

utter bollox

This lad has found a solution to that

[ame="http://www.youtube.com/watch?v=ZlqLz1ljlew"]YouTube- garlic and chips[/ame]

thats shite!

my work will still be giving us our payrises in May, like they do every year. companies can't be told they cant raise their staff's wages!

I see the Government is giving cash to the Natwest, who set up this account:

http://www.natwest.com/personal/current-accounts/g1/polish-welcome-account.ashx

I have noticed it a fair deal in my food, electric and gas bills mainly!! I'm left wondering where my money has got to every month!

On a positive note though, I have just bought a house....which was a steal at £106,000....when it first went on the market 8 months ago it wss £140,000!!!! For a 3 bed semi in a nice area of Liverpool, its a bargain. However, I know i'll feel it more once were moved in....double rent, higher bills etc.

Lmao fuckin hell

Edit: is it me, or is he being bullied :spangled: as i get to the end, it seems so

Its quite clear there taking the piss out of him like

I've been massively affected by the credit crunch but its great, it means my lass has finally had to get a job the lazy cunt

Key phrase "like they do every year", companys where told not to react to employee pressure to raise wages due to the rise in fuel and food... think about it whats going to be achieved if people just "get more money"..... if this was the answer why dosnt the bank of england just print out loads of fifty quid notes and air drop them across the UK doh!