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awaytogo

Living Standards Squeeze Continues

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The little piece just now on SKY about this (Where as usual the "breadline" father of three looks like he dines like Henry the 8th every night) seemed to be pushing the line that because this guy rents, he is missing out on the benefit of "cuts to mortgage rates" (Buy now Buy now Buy now!) They didn`t say he would avoid being slaughtered when rates rise though. IMO See what they are saying, or implying, then do the opposite.

Edited by dances with sheeple

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The little piece just now on SKY about this (Where as usual the "breadline" father of three looks like he dines like Henry the 8th every night) seemed to be pushing the line that because this guy rents, he is missing out on the benefit of "cuts to mortgage rates" (Buy now Buy now Buy now!) They didn`t say he would avoid being slaughtered when rates rise though. IMO See what they are saying, or implying, then do the opposite.

Drop in real wages longest for 50 years, says ONS

http://www.bbc.co.uk/news/business-25977678

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Sssshhhhh, we need a 'nice little boom' to 'make people happy' - that question ist verboten!

Rising prises are out of kilter with the old saying "house price rise when earnings rise" <_<

Things are being stretched to the limit at the moment.

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Drop in real wages longest for 50 years, says ONS

http://www.bbc.co.uk/news/business-25977678

Meanwhile net wealth at current prices (except for a brief fall for a couple of years after 2007) has continued its extreme upward climb, quadrupling in a generation in real terms. These figures are only until 2012, I'm guessing 2013 will breach the 8 trillion mark given what has hppened to asset prices this last year. One reason we can increase spending on falling real income. ONS wealth stats...........

http://www.ons.gov.uk/ons/dcp171778_323462.pdf

As households grow richer, the Government plunges deeper into debt.

Edited by crashmonitor

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