English Opinion

Apparently the UK is heading for a “Depression” type recession within the next year or so, according to leading economists. They have announced that they expect the credit crunch to increase the unemployment figures to around 3.4 million by the end of 2009 alone as more and more businesses go under. This would be the largest ceconomic contraction in the UK for 1946 and it certainlymakes incredibly gloomy reading.

I think every single negative word has been used to describe the credit crunch in recent months - depressing, alarming, scary and indeed terrifying. Well, no doubt there will be a few more choice words as well from homeowners because housing prices are also set tofall by a predicted 22% within 12 months. I’ve been a little sceptical when reading various reports that have been released in recent months predicting just how bad the economy will get because the predictions have always been a little off but I am starting to notice a pattern. The predictions are off in a rather appalling way because they are predicting figures that are better on paper than actually occurs in reality. As a result, we may find that homes actualy reduce by far more.

Although another report released today has predicted a massive boom when we get out of this credit crunch mess, that is a dim and distant possibility right now. In fact, there is absolutely no point releasing information like that because it does not help those that have lost their jobs or face repossession of their homes. Neither does it help the businesses that cannot get credit. The only people it helps are those Labour phonies in government that have blatantly lost touch with us all and have no clue what we’re going through. Focus on getting us out of this mess then tell us how good life will be in 2017!

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