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Realistbear

Uk Factory Prices Fall At Fastest Rate Since 2001

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http://www.telegraph.co.uk/finance/newsbys...since-2001.html

UK factory prices fall at fastest rate since 2001
The prices British manufacturers charge for their goods fell unexpectedly in June at the fastest rate in seven-and-a-half years, data from the Office for National Statistics showed yesterday.
By Angela "Angie" Monaghan
Published: 6:33PM BST 10 Jul 2009
Factory gate prices fell by 0.2pc last month, pushing them 1.2pc lower than a year ago - the
biggest drop since December 2001
.
Economists had predicted a 0.3pc rise in June.

If deflation continues to grip the economy house prices will fall more than expected (another 30% down).

Edited by Realistbear

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Factory gate prices fell by 0.2pc last month, pushing them 1.2pc lower than a year ago - the biggest drop since December 2001[/i]. Economists had predicted a 0.3pc rise in June. [/indent]

If deflation continues to grip the economy house prices will fall more than expected (another 30% down).

This will help all those people with mortgages to better get through life.

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This will help all those people with mortgages to better get through life.

er no, profits are being reduced....that means redundancies and bankruptcies....that means losses in the banking system through defaults which mean, ultimately, interest rate rises.

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that wil make it harder to afford a new mortgage :(

good. that means lower prices, lower mortgage requirements. normality restored.

it also means pensioners and savers will start to get something in return for their hard earned.

It means that people with savings denied benefits when they need them will be saved some hardship, where currently, a person with a huge asset, rather than cash, can keep the asset and claim benefits as if they had nothing.

its wrong, and needs to be fixed.

Edited by Bloo Loo

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good. that means lower prices, lower mortgage requirements. normality restored.

it also means pensioners and savers will start to get something in return for their hard earned.

It means that people with savings denied benefits when they need them will be saved some hardship, where currently, a person with a huge asset, rather than cash, can keep the asset and claim benefits as if they had nothing.

its wrong, and needs to be fixed.

Well said Loo

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good. that means lower prices, lower mortgage requirements. normality restored.

it also means pensioners and savers will start to get something in return for their hard earned.

It means that people with savings denied benefits when they need them will be saved some hardship, where currently, a person with a huge asset, rather than cash, can keep the asset and claim benefits as if they had nothing.

its wrong, and needs to be fixed.

You are so right. Left to its own devices, this will happen. It will fix itself. The fumbling government seem determined to keep the debt bandwagon going though.

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Guest KingCharles1st

I think the common price drop is around -15/20%. this can possibly be achieved by reducing your overheads by the same amount (up to a point)(overheads=jobs) but in the end it all catches up.

Brown and Darling do not have the foggiest idea how to get the banks back under control, and much as I loathe the man, P.M. would do a far better job as he is able to play the game with his own rules at least as well- if he cared..

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