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Realistbear

Nationwide: Consumer Confidence Down In January

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http://www.bloomberg.com/news/2011-02-16/u-k-consumer-confidence-fell-in-january-as-budgets-squeezed.html

U.K. Consumer Confidence Fell in January as Budgets Squeezed
By Svenja O’Donnell - Feb 16, 2011 12:01 AM GMT
U.K. consumer confidence fell in January as rising taxes and soaring inflation put pressure on household budgets, Nationwide Building Society said.
An index of sentiment dropped 7 points to 47, almost erasing the 8-point gain in December, the customer-owned lender said in a report issued in London today. A measure of whether now is a good time to spend dropped 20 points to 70, the lowest since November 2008.

Tick tock.

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Wonder what their inflation expectations are?

Haven't heard much mention of that metric by the bankrupt of england, as if they could target those, a good measure of how well their moentary fraud was working - if people weren't noticing then carry on as normal.

Edited by OnlyMe

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Worth a bump because it is key to people's willingness to borrow and buy.

Ironically, higher inflation and inflationary expectations should be encouraging people to borrow (though not for houses which are grossly overpriced).

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Ironically, higher inflation and inflationary expectations should be encouraging people to borrow (though not for houses which are grossly overpriced).

It is also raping ther net earnings, their savings, their pension and their spending power.

A recipe for widescale collapse rather than just the overleveraged morons.

Edited by OnlyMe

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Ironically, higher inflation and inflationary expectations should be encouraging people to borrow (though not for houses which are grossly overpriced).

Unless pay is not keeping up with inflation. And, of course, the BoE is making threatening noises about hiking interest rates. And unemployment is rising.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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