Sunday, January 13, 2008

“The days of cheap credit are well and truly over”

Is it the end for shopping fever?

" For more than a decade, shoppers have turned out, month after month, to spend their hard-earned cash, driven by the whims of fast fashion and the interior design tips proffered by home makeover programmes. But living costs are now rising faster than any time in the past decade: so whether it's filling the tank, your monthly mortgage payment or a trip to the supermarket, the spare cash we used to burn in Topshop or on the latest album release at HMV is dwindling. 'I think the days of cheap credit are well and truly over, and we're just at the beginning of seeing how scarce credit can actually be,' agrees Karen Ward of HSBC"

Posted by confused76 @ 01:58 AM (615 views)
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7 thoughts on ““The days of cheap credit are well and truly over”

  • japanese uncle says:

    UK economy has been thriving on the borrowed 1.4 trillion which ought not have been spent for wining and dining and consequential slimming courses and liposuctions, which will have to be repaid at the cost of the minimumly comfortable retirement for millions, and at the profits of the vicious money lenders for a few decades to come. The great scheme.

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  • I only hope they think the ill advised house extensions, botox injections and brand spanking new car are worth it……

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  • I. Amamunter. says:

    I thought Colleen had it so why couldn’t I ?

    mmmmmmmmmmmmmmmmmmmmm!

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  • ‘You’re bombarded with images saying look at Posh’s new bag, look at what Coleen’s wearing, and you think: why can’t I have that?’ she says.

    No I’m not. Stop spending money on gossip mags and get your own life, you can’t have those things because you didn’t marry a footballer.

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  • Pity all that money went in to buying houses, building shopping centres and spending on cheap Chinese junk. It really needed to go in to rebuilding this countries crumbling Victorian infrastructure but he ho it was fun while it lasted now the pain starts big time.

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  • japanese uncle says:

    Indeed. I am not an admirer of Prince Charles, but his ‘Vision of Britain’ (broadcast in Japan circa 1988 by the NHK an equivalent to the BBC), is a must see. Sky scrapers are the last things this country needs. Edwardian/Victorian era saw the culmination of the British architecture but those splendid buildings are now overwhelmed by the tacky monolith flat blocks without a taste, almost looking like a giant concrete toilets, for which idiots are prepared to pay hundreds of thousands!

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  • I. Amamunter. says:

    I don’t know, Mr M.

    There are such things as Government Bonds that are often required to rebuild such infrastructure and on occasions in the past (1997 for example) the real interest rceceived on these was about 14
    %!!

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