Jump to content
House Price Crash Forum
Sign in to follow this  
lufc

Uk Company Administrations Soar 60pc

Recommended Posts

http://www.telegraph.co.uk/money/main.jhtm...solvency101.xml

Nick Wood, recovery and reorganisation partner with accountants Grant Thornton, said banks and major accountancy firms were gearing up for a significant flow of work in the autumn.

"The negative sentiment expressed in a huge range of economic indicators is now feeding through to the real economy, with businesses that a year ago had been able to paper over the cracks now being fully exposed. Unfortunately, this feels like just the beginning," he said.

Must admit, I'm starting to feel a little bit gloomy about all of this. A year ago I welcomed the prospect of falling house prices (and obviously still do) with the inevitable economic slowdown, problem is as I think Bob the Builder recently put it the only way that we're going to avoid a recession now is if we go directly into a depression.

This is only one of many recent gloomy articles but I really do feel the we're just on the brink of something really bad.

Share this post


Link to post
Share on other sites
as I think Bob the Builder recently put it the only way that we're going to avoid a recession now is if we go directly into a depression.

You'd never guess watching him on TV that the little guy had such depths. :P

I agree it is getting a little scary now- the scale of this screw up is huge.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 396 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.