Cyprus-Forum.com

[Paphitis]

I was being quite nice calling you pessimistic. Fact is you are asking if this is the end for Britain. I take this to mean a diabolical collapse similar to Greece.

Fact is, Britain was in recession for the last 5 years. They are now growing at 2.8% which means the country is officially out of recession. They project solid growth for the next 10 years.

How can there be solid growth when Britain is going to be running a deficit until 2018?

The 2 are completely seperate issues. GDP is growing meaning the economy is undergoing growth.

The Government has a deficit meaning it is borrowing to maintain current spending. It is a fine balancing act. If the Government cut spending to achive a surplus now, then you may find that the people would squirm in more agony. It may inevitably also rezult in another slide into recession.

Achieving a surplus in 2018 is fine. It means the economy is growing, the deficit reducing until a surplus is achieved in 2018. I don't see the British Government in panic over the situation. In fact they seem quite positive for once.

Australia is growing at 4% yet has had a deficit for 3 years. They will not achive a surplus until 2018 as well.

[Flying Horse]

I keep getting told by the goggly box in the corner and its reporters that house prices have been increasing every month since summer last year...... In the whole of the UK not just London.

It's the biggest smell of bullcrap ever!

Consumer spending......that's a good one. I'd like to know how and where they get their figures from. You can't even sell on EBay and make money any more!!

Take it from my horses mouth. The UK spends its cash on fuel for the car, fuel for the house, fuel for your belly,mortgage/rent and council tax, debt(GiG will love that)....and not much else. When folk spend its in a sale. Every person in the UK has turned into a tight arsed Yorkshire man.... There's water tight, Scottish tight, and tighter than a ducks arse, which are those from Yorkshire!

Something will burst before long, and its not just the rivers from all the flooding and rain
Someone up at at the top is cooking the books and not doing it right. Each one of our banks is in some sort of trouble. Our government has U-turned on nearly 300 of its reforms(at my last count). They'be meddled with the benefits system so seriously ill people are fit for work(see those manipulated unemployment figures). The government wants to spend some 80 billion(and counting) on a high speed rail link the country can't afford.....

I'll think of much more doom and gloom in due course!

[Paphitis]

I keep getting told by the goggly box in the corner and its reporters that house prices have been increasing every month since summer last year...... In the whole of the UK not just London.

It's the biggest smell of bullcrap ever!

Consumer spending......that's a good one. I'd like to know how and where they get their figures from. You can't even sell on EBay and make money any more!!

Take it from my horses mouth. The UK spends its cash on fuel for the car, fuel for the house, fuel for your belly,mortgage/rent and council tax, debt(GiG will love that)....and not much else. When folk spend its in a sale. Every person in the UK has turned into a tight arsed Yorkshire man.... There's water tight, Scottish tight, and tighter than a ducks arse, which are those from Yorkshire!

Something will burst before long, and its not just the rivers from all the flooding and rain
Someone up at at the top is cooking the books and not doing it right. Each one of our banks is in some sort of trouble. Our government has U-turned on nearly 300 of its reforms(at my last count). They'be meddled with the benefits system so seriously ill people are fit for work(see those manipulated unemployment figures). The government wants to spend some 80 billion(and counting) on a high speed rail link the country can't afford.....

I'll think of much more doom and gloom in due course!

I am sure you have your issues and that the majority of people are struggling to nake ends meet.

Britain is not unique. I can tell you of a place where you need 2 million euro just to buy a 2 vedroom apartment. How that is sustainable had me beat.

You have just had 5 years of recession. Things will not be easy anytime soon. However, your economy is growing, jobs have been created, and unemployment is declining. The road is still a long one but things are actually improving so I do not believe it is the end for Britain.

[Flying Horse]

Unemployment is not declining.

You've just swallowed the candy coated bullshit pill.

The goal posts have been moved. Unemployment is not declining.

Businesses are going bust regularly, businesses are tightening their belts and letting people go. If you have no money coming in, you can't spend it employing people. I've told you the benefits shake up is a mockery.....there's another load of unemployed shifted somewhere else to make the figured magically better.

Paphitis, don't take unemployment figures as gospel. The realiity is far more grim when the wool isn't over your eyes.

This will probably make some of you laugh hysterically. We would rather live in Cyprus at times, even given your financial climate it would be suicidal.....doesn't that say something?

[GreekIslandGirl]

...The UK spends its cash on fuel for the car, fuel for the house, fuel for your belly,mortgage/rent and council tax, debt(GiG will love that)....and not much else.

Debt repayments tend to be on paying off the interest only, and not the capital, because national and personal debts keep growing. I read somewhere that there's going to be a real property meltdown in a few years time when mortgages that were taken out with interest-only repayments (during the heyday) are going to start maturing. There's going to be a glut in the property market as people become desperate to sell to repay their mortgage loan and move to somewhere smaller or into rental. You can tell who is going to snap these up - foreign investors and the already-rich.

[Maximus]

The Daily Star on Sunday (hard copy) reports that voters will turn their backs on the conservatives

Cameron will struggle to win next years general election, according to new polling data because life is getting harder for many and showed no signs of getting better.

This is despite the recovery they keep hearing so much about.

[Flying Horse]

...The UK spends its cash on fuel for the car, fuel for the house, fuel for your belly,mortgage/rent and council tax, debt(GiG will love that)....and not much else.

Debt repayments tend to be on paying off the interest only, and not the capital, because national and personal debts keep growing. I read somewhere that there's going to be a real property meltdown in a few years time when mortgages that were taken out with interest-only repayments (during the heyday) are going to start maturing. There's going to be a glut in the property market as people become desperate to sell to repay their mortgage loan and move to somewhere smaller or into rental. You can tell who is going to snap these up - foreign investors and the already-rich.

I've already seen signs of desperation selling. Usually in the way of just investigating actual house selling prices in an area, via the internet, and asking prices...coupled with a stagnated time on the market. People who bought in 2008 for example are shitting themselves. The Market has slumped drastically since.

I'm lucky on that front. Quite shrewd with mortgage products, and would never touch interest only with a barge pole. Im possibly one of the few who has 50% of the house value in my back pocket when I sell up! Iffff I sell, because the area I live in isn't too popular, and its a small property, aimed at first time buyers which there are few of. Another twist to the UK financial problem. Young people!!


Personal debt for us comes in the form of 'the ex wife'

[Flying Horse]

The Daily Star on Sunday (hard copy) reports that voters will turn their backs on the conservatives

Cameron will struggle to win next years general election, according to new polling data because life is getting harder for many and showed no signs of getting better.

This is despite the recovery they keep hearing so much about.

Cameron hasn't been popular for years, neither has his buddy and Chancellor George Osborne.

Personally I'd rather vote 'Monty Brewster'

[Get Real!]

Don’t worry Britain there’s always the crown jewels to fall back on… oh hang on, the country’s most valuable possessions are privately owned!

[Flying Horse]

Don’t worry Britain there’s always the crown jewels to fall back on… oh hang on, the country’s most valuable possessions are privately owned!

I've heard they're fake anyway

Bet the real ones are under the Queens bed. Theres why she keeps getting folk breaking into her private quarters!