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Realistbear

Company Insolvency Rate Doubles

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http://www.thisismoney.co.uk/news/article....08&in_page_id=2

Slowdown fuels insolvencies
Jane Padgham, Evening Standard
26 January 2006
THE number of British companies on the brink of insolvency has more than doubled over the past year because of the economic slowdown, a report reveals today.
Hood said
low interest rates
had been masking fundamental problems faced by thousands of firms. He predicted conditions would get worse before they got better, with the number facing critical difficulties unlikely to peak until the summer.

The EAs keep saying that the highest house prices in Europe are made possible because of continued high employment figures. Looks like that plank in the HPI platform has gone.

2006 is shaping up to be Gordon's anus horribilus. Odds on becoming PM now?

Edited by Realistbear

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http://www.thisismoney.co.uk/news/article....08&in_page_id=2

Slowdown fuels insolvencies
Jane Padgham, Evening Standard
26 January 2006
THE number of British companies on the brink of insolvency has more than doubled over the past year because of the economic slowdown, a report reveals today.
Hood said
low interest rates
had been masking fundamental problems faced by thousands of firms. He predicted conditions would get worse before they got better, with the number facing critical difficulties unlikely to peak until the summer.

The EAs keep saying that the highest house prices in Europe are made possible because of continued high employment figures. Looks like that plank in the HPI platform has gone.

2006 is shaping up to be Gordon's anus horribilus. Odds on becoming PM now?

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Guest magnoliawalls

2006 is shaping up to be Gordon's anus horribilus. Odds on becoming PM now?

Odds are 1 - 4

:(

Maybe worth betting on one of the other contenders?

When Joe Average begins to fear that if his job goes it won't be easy to get another, he/she is unlikely to want to FTB, upsize or get into BTL.

High house prices are making the UK less competitive together with over regulation and a bloated public sector. We are facing a major correction.

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And this inspite of low IR's.

It just goes to highlight that the thing that kills is the affordability of the debt. That is a function of the size of the debt and the interest rate. If one or both are high then there will be pain. We may have low IR's but we have record debt, so the debt is becoming unaffordable and driving people and businesses into liquidation.

We do not need rising IR's IMO, they would help, but the debt problem is so out of control that there are going to be many many businesses going under in the next couple of years. Rising Unemployment = falling HP. Hardly Rocket science.

Feb. 15 will be interesting, CML bring out their (re)possession figures. I recon they will be up big time.

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  • 302 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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