Great Britain is ‘worst place to live in Europe’
AND THE FORECAST IS EVEN MORE GLOOMY.THE UK IS A FINACIAL BASKET CASE THAT IS SELLING ITS POPULATION INTO DEBT SLAVERY!!!
IT SHOULD BE DISBANDED IMMEDIATELY AND ITS DEBTS LIQUIDATED , ITS POPULATION ,WHO DID NOT CREATE OR BENEFIT FROM THIS DEBT , WILL BE FREE OF DEBT SLAVERY IN THE NEWLY REFORMED ANCIENT NATIONS OF THE REPUBLIC OF SCOTLAND AND THE KINGDOM OF ENGLAND
Research by uSwitch has revealed that high living costs, below average government spending on health and education, lack of holidays and late retirement have contributed to a bleak picture for Brits.
To make matters worse, the UK no longer enjoys the highest net household income in the continent. Last year it was £10,000 above the European average, whereas now it is just £2,314 ahead, slipping below Ireland, the Netherlands and Denmark.
Britons in search of quality of life might want to move to France, as it held on to the top spot in the index for the second year in succession.
Spain came second, while Denmark, Poland and Germany helped to make up the top five spots, with all these countries offering more days of holiday and a lower retirement age than the UK and Ireland.
Recently, a study by Aviva and accountants Deloitte found that the UK has the biggest pension gap in Europe, with Britons needing to increase the amount they save each year to have a good retirement income.
SO OUR FUTURE PENSIONS ARE GONE AS WELL THANKS TO THE ECONOMIC GENIUS.JUST AS WELL HOUSING IS STILL WORTH SOMETHING ,WE WILL NEED IT FOR RETIREMENT …..OOPS
WE FORGOT ,THANKS TO GREEDY FRAUDULENT ,LYING BANKERS HANDING OUT 125% MORTAGES TO EVERYBODY AND ANYBODY , TELLING THEM HOUSING PRICES WILL NOT GO DOWN…..THE HOUSING MARKET IS HOPELESSLY OVERPRICED AND IS COLLAPSING AS WE SPEAK
House prices fell 3.6% last month
The UK housing market has suffered a major jolt as figures from Halifax revealed prices slumped 3.6% in September – the biggest monthly drop since figures were first compiled in 1983.
The group said an increase in the number of properties on the market, combined with a drop in demand fuelled by uncertainty over the economy, forced prices down.
ITS GOT A LOT FURTHER TO FALL!!!
House prices ‘likely to fall again’
Fears over the property market have intensified after figures showed the average price of a UK property slumped more than £6,000 last month. Experts warned there were likely to be more declines to come after September’s 3.6% price fall, which was the biggest drop since Halifax first began compiling figures in 1983.
Halifax said prices were forced down by an increase in the number of properties on the market, combined with a drop in demand fuelled by uncertainty over the economy.
The fall wiped more than £6,000 off the average price of a UK house, at £162,096 last month.
The lender played down the significance of the drop, stressing it was too early to conclude that it represents the beginning of a sustained period of declining house prices.
But the figures sent shockwaves through the industry. Shares in housebuilders, such as Barratt Developments, Persimmon and Taylor Wimpey, and lenders including Lloyds Banking Group and Royal Bank of Scotland, were all down after the figures were released.
Paul Diggle, property expert at Capital Economics, said: “The hefty drop in the Halifax measure of house prices adds weight to the view that house price weakness is far from over.”
While industry reports have been mixed, he said the Halifax result “adds weight to the argument that we are on the cusp of a more sustained downturn in house prices”.
Tim Hammond, chief executive of property search firm The Buying Agents, said: “There will be a lot of buyers out there who will see this as the window of opportunity they have been waiting for. For some time there has been a stand-off between sellers and buyers, with vendors reluctant to drop their prices and properties languishing on the market for months at unrealistic prices.”
But the Government spending review, together with renewed signs of a lending squeeze amid cash-strapped banks, casts a dark cloud over the outlook for property prices.
UK housing market set for a fall, IMF warns
The fund, in its half-yearly World Economic Outlook, said it was ‘worrisome’ that UK property prices still remained so expensive
WITH HIGH UNEMPLOYMENT ON THE CARDS UNTIL 2015 ,WHO WILL DRIVE THE PRICES BACK UP? WHO WANTS TO BUY AN OVERPRICED HOUSE IN A SHITTY LITTLE DICTATORSHIP IN THE FIRST PLACE?
THE UK IS A FINACIAL BASKET CASE SITTING ON THE FRINGES OF EUROPE. IT SHOULD BE DISBANDED ,ITS DEBTS LIQUIDATED.
THE DEBT FREE DIRECT DEMOCRACYS OF THE REPUBLIC OF SCOTLAND AND KINGDOM OF ENGLAND WITH “GOLD BACKED” NEW CURRENCIES SHOULD BE BORN!!
THE TOP COUNTRIES BEST PREPARED FOR THE ECONOMIC TSUNAMI ARE NORWAY, SWITZERLAND AND NEW ZEALAND, IF SCOTLAND WAS INDEPENDANT WE TOO WOULD BE SITTING PRETTY!! THIS IS NOT JUST MY OPINION, ITS THE OPINION OF THE CHINESE AS WELL.
“The western rating agencies are politicised and highly ideological and they do not adhere to objective standards,” Guan Jianzhong, chairman of Dagong Global
The results were very different from those published by Moody’s, Standard & Poor’s and Fitch, with China ranking higher than the United States, Britain, Japan, France and most other major economies, reflecting Dagong’s belief that China is more politically and economically stable than all of these countries.
Chinese rating agency strips Western nations of AAA status
China’s leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.
The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.
Dagong rates Norway, Denmark, Switzerland, and Singapore at AAA, along with the commodity twins Australia and New Zealand.
AN INDEPENDANT SCOTLAND WOULD BE AAA TOO IF IT WAS NOT PART OF A FINANICAL BASKET CASE STATE CAPITALIST UK!!!!
BUT INSTEAD WE ARE IN THE THE UK AND IT HAS A NORTH SOUTH DIVIDE!! SO IF THE UK IS THE WORST PLACE IN EUROPE ,THEN SCOTLAND IS THE WORST PLACE ,IN THE WORST PLACE IN EUROPE!! …….DO YOU STILL THINK THE UNION IS BENEFICIAL FOR SCOTLAND?
BTW THE UK AND USA GOVERNMENT MAY WELL CONSPIRE WITH BP TO HAND THE CLEAN UP COSTS IN AMERICA TO THE UK TAXPAYER!!!
If a US voluntary bankruptcy is stopped by the US and there is a BP corporate bankruptcy, then there is a strong possibility that the British Government will be forced to step in and bailout BP. In the end, the tax payer will pay as the ongoing game of Regulatory Arbitrage is played masterfully once again.
ENJOY YOUR FREEDOM PEASANT AND REMEMBER TO PAY YOUR TAXES!!!
THIS WAS OUR FININCIAL POSITION JUST BEFORE THE CREDIT CRUNCH!!
|Rank||Country||CAB USD, bn|
|1||People’s Republic of China||371.833|
THE UK IS A NATION CON-DEM’ED!!!