This is bigger then we all think.
The cost of living is through the roof, people don't have the money to go out spending. They have to pay it all out, rent, mortgage that are all expensive beyond belief. The tv license Gas, electric, water rates and the council tax, it all adds up. Lets not forget the price of food which as risen 70% in the last 2 years, and to top it all off VATs up to 20%
The governments have got out of it before is by stimulating the housing market, houses go up in value people borrow and spend. However, there is no room for simulation, house price rose far faster then inflation and banks lent money after money after money and didn't get hardly any of it back. It will be 10 years before inflation catches up with house price's. Then its stimulate the housing market and it all goes round again.
There is worse to come.... I think where not even half way there to coming out of this.
As for JSA look closely at the government plans thats all gonna go tits. We will end up with no welfare state like America and no NHS, which might not be a bad thing, but thats a topic for another time.
Last edited by jamesd74 (10-02-12 23:42:42)
Imagine if the words of Imagine ever came true.....