Wednesday, Jan 24, 2007
Interesting survey without the usual vested interests?
Firstrung: UK Financial Activity Survey finds weakest savings, investment and borrowing demand in 5 years
Consumers are showing little appetite for spending and borrowing and more households are finding difficulty saving as higher taxes, utility bills and housing/motoring costs grow according to JGFR who provide; financial, marketing research, consultancy and infomation services
Posted by converted lurker @ 03:08 PM (164 views) Add Comment
3 Comments
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1. Randomkevlar said...
Very interesting this one, amazing that a non VI research group found morgage lending is down in the last 3 quarters whilst all VI seem to say the opposite, I know who I believe :)
2. enuii said...
Can't afford to spend, save or borrow, does that infer that a lot of us are technically on a financial knife edge?
I knew 2007 would be an interesting year!
3. sovietuk said...
This whole nemesis is an amazing spectacle to watch. The outcome of the self imploding british economy was decided many years ago but the process has been accelerated by the present ruling idiots. I wonder what is going to happen when the pound finally hits the rocks?