Hello
On the beginning - I am not connected in any way with Money Week, and it is just a serious discussion about economic situation in UK.
I am not sure if you've seen it: http://tinyurl.com/nvl3w9t - short story: UK is in big trouble - now I know they wrote this article to force people to buy the magazine, but it also opens my eyes on the problem.
I am in the middle of home buying process - my own money is 20% of the house, 80% is mortgage - now the unemployment now is bit over 7% - not much in my opinion. but what if fall of UK is close? what if in few years it can be as bad here as it is in Greece or Spain now? what if interest rates will go drasticly up? (rather impossible as it would be like shooting own knee).
how do you see the UK within nearest 5-10-20 years?
On the beginning - I am not connected in any way with Money Week, and it is just a serious discussion about economic situation in UK.
I am not sure if you've seen it: http://tinyurl.com/nvl3w9t - short story: UK is in big trouble - now I know they wrote this article to force people to buy the magazine, but it also opens my eyes on the problem.
I am in the middle of home buying process - my own money is 20% of the house, 80% is mortgage - now the unemployment now is bit over 7% - not much in my opinion. but what if fall of UK is close? what if in few years it can be as bad here as it is in Greece or Spain now? what if interest rates will go drasticly up? (rather impossible as it would be like shooting own knee).
how do you see the UK within nearest 5-10-20 years?
On my way to financial independence - if others can do it - I can do it