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Uk Bankruptcies May Be At Record Levels

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Doesn't take much intelligence to work out where the money spent by the record numbers of bankrupts (and the rest of us) in the UK has ended up.

You might say it's all gone on pathetically overpriced housing, but you may be wrong. The change was spent on goods manufactured in China (electricals, DVD players, clothes etc).

Result?

The number of chinese BILLIONAIRES has doubled since 2004!

http://news.bbc.co.uk/2/hi/business/4406922.stm

Amazing what a country with cheap labour and no unions can acheive!

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You might say it's all gone on pathetically overpriced housing, but you may be wrong.

Indeed - The recent house purchasers haven't spent their money on a house yet, they have only commited themselves to spend it on the house over the next 25+ years.

Once they actually start to pay for their house by paying back the mortgage will they will see what a mistake buying at the top of a boom was.

Paying down debt hurts.

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Amazing what a country with cheap labour and no unions can acheive!

I,ve been saying this for years.

This country was built by individual genius's working in thier garden sheds without any interference, for example Mr Rolls and Mr Royce or Vickers.

Then along came regulators and unions.

If I had a manufactuirng facility I would definitely transfer to parts of the world that were'nt in love with red tape.

Wages are,nt the real issue. The real cancer on UK business is over - regulation.

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Trevor Bayliss and Dyson come to mind as recent examples.

That's TWO out 65million people in the (previously) most inventive country, per head, on Earth!

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  • 301 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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