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State of the UK economy

Judging from the responses to the post below, there seems to be at least one individual in Wales who doubts the facts surrounding the current state of the UK economy.

However, if any further evidence is needed, this is what has been reported in the last 24 hours alone.


More worryingly for him and his Labour colleagues, the economy is now the number one issue that people say they will take into consideration when deciding how to vote, and the verdict is grim - nearly three quarters of people say the economy is on the way down.

How's that for a 'reasoned argument'?

Comments

Anonymous said…
A great summary of out current position, which is very worrying. Research I did on debt figures showed that there was:

£546 billion of debt secured against homes in July 2008

£32 billion outstanding credit card debt on £68m credit cards in July 2008. Up £3 billion from the same time last year!

£66 billion of personal loans were outstanding in July 2008

£9.7 billion in overdrafts were outstanding in July 2008

We're now paying the price for the two decades of easy money and spend now pay later culture.

The government needs to ensure families are protected as repossessions are rising really quicky.
rohndawson said…
The economy of the United Kingdom is the fifth largest in the world in terms of market exchange rates and the sixth largest by purchasing power parity (PPP). It is the second largest economy in Europe after Germany's. Its GDP PPP per capita in 2007 is the 22nd highest in the world.
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rohn
internetmarketing
IVA uk said…
The Confederation of British Industry (CBI) has said that in order to control public finances, a two-year pay freeze should be imposed on most public sector workers' pay. I agree and so you everyone.

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