The Debt Survivor » Email http://www.thedebtsurvivor.com Liquidation and Debt Specialists Wed, 14 Jul 2010 19:30:32 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 The recession is nearly over… or maybe not… http://www.thedebtsurvivor.com/83/the-recession-is-nearly-over%e2%80%a6-or-maybe-not%e2%80%a6/ http://www.thedebtsurvivor.com/83/the-recession-is-nearly-over%e2%80%a6-or-maybe-not%e2%80%a6/#comments Wed, 16 Dec 2009 02:32:37 +0000 UK Liquidation http://www.ukliquidation.com/?p=83

As I do each day, Ive just been trawling through the national media (on-line of course I dont buy every paper every day Im daft, but not that daft)
How on earth can anybody make an informed judgement about the Recession & the UK economy with headlines such as these;
Lehman Bros files for Bankruptcy

Institute of Chartered Accountants predict that the UK financial
downturn has ended

Recession not over yet say Business leaders

IT sector buoyant as recession ends

Markets soar as economies start to recover

Hold on, we wont be out of the woods for years

Business confidence signals end of recession

Its a bit like playing Good news / Bad news but on much larger scale

My opinion is that nobody really knows whether were coming out of this recession or not (well, apart from the members of the Bilderberg group but thats a completely different topic altogether)
The only thing we can do is look after ourselves & follow Doris Days advice Que sera, sera Whatever will be, will be (I speak Spanish & this actually means what will be, will be but a little bit of artitistic licence never hurt anybody).
If you need any help with your financial situation, send me an email with the brief details or just give me a call.

All the best!
Paul

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]]> http://www.thedebtsurvivor.com/83/the-recession-is-nearly-over%e2%80%a6-or-maybe-not%e2%80%a6/feed/ 0 UK National debt is £800billion (the PSBR is £175billion) http://www.thedebtsurvivor.com/73/uk-national-debt-is-800billion-the-psbr-is-175billion/ http://www.thedebtsurvivor.com/73/uk-national-debt-is-800billion-the-psbr-is-175billion/#comments Wed, 16 Dec 2009 01:58:48 +0000 UK Liquidation http://www.ukliquidation.com/?p=73 A quick correction/clarification regarding yesterdays post on the UK national debt / PSBR.
The PSBR (as stated yesterday) is the difference between how much the Government earns (or raises in tax revenues etc) and how much it needs to fund the country. So if the Government was a Private Company, the 175billion figure is the amount it needs to stay afloat each year (including the necessary interest payments).
The total debt is actually 800billion
How many years this will take to pay back (or even just return to an acceptable level) is almost impossible to predict but unfortunately, one thing that we can all be certain of over the next few years is Tax increases
VAT will return to 17.5% in January 2010 and this will be followed by various other tax hikes
If you want any further details, send me an email (pauljohnson@thedebtsurvivor.com )

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