Don't bury your head in the sand!
Difficult property markets, choppy times ahead for the UK economy, unemployment expected to rise, inflation still a major threat and the cost of living in the UK continues to rise, against this background more and more people are "burying their heads in the sand". The truth is that the UK economic downturn has, and continues to, effect every area of the UK population. Businesses are falling by the wayside on a daily basis, unemployment is expected to rise in the short to medium term and more and more people are now struggling to cover their everyday living costs.
Yet still we have many people preferring to "bury their heads in the sand" and hoping that an economic upturn in the "short-term" will wipe away all of their tears and all of their problems. The truth is this will not happen because the UK economy is unlikely to return to former levels in the foreseeable future not only because of troubles in the stock market and money markets, but also the fact the UK government is being forced to effectively downsize the UK public services sector.
This is a sector which supports over 50% of the UK's employment market and one which is certain to cause major ripples throughout the UK as and when job cuts are announced. Those who bury their head in the sand are literally saving their problems for another day, while those who are willing to take on their financial situation and try to resolve any short-term problems are more likely to prosper, eventually!
Share this..
Related stories
£93.4 million of bills for calamitous neighbours
Homeowners are having to shell out £93.4 million collectively every year to pay for damage to their property caused by their neighbours, according to Abbey.Approximately 543,000 homes will suffer damage caused by bungling or malicious neighbours, with £172 the average cost to put damage right. Yet one in twenty incidents involving neighbours will cost over £1,000 to repair.One in ten households...
Read MoreUse of payday loans on the increase
The number of borrowers taking out pay-day loans has seen a significant increase, according to industry experts.Figures released from Moneysupermarket.com show that there has been a 55 per cent increase in the up-take for short-term loans.Tim Moss, head of loans at moneysupermarket.com, said that the credit squeeze and the rising cost of living have all been contributing factors."The rise in payda...
Read MoreThe cost of running a home falls by 17%
As more and more people in the UK continue to suffer financially it has been revealed that the cost of running a home in the country has fallen by 17% over the last 12 months. A Halifax report has suggested the cost of running the average home in the UK fell from £8800 to £7300 between 2008 and 2009. This £1500 reduction is significant although unfortunately it does appear to be a different sto...
Read MoreE.On to cut gas prices by 5.1%
20/01/2015 Energy provider E.On has announced a 5.1% reduction in their gas prices, making them the first of the UK’s big six energy suppliers to cut prices after increased pressure from Ofgem, politicians and campaign groups. E.On has claimed that the cut, which will be effective from 1st February, will help families save an average of £32 per year. It is the first time in six months th...
Read MoreAre you aware of your partner's financial status?
Following on from a report by Tesco Bank this morning, which showed that 29% of partners retain separate bank accounts and effectively separate financial lives from their partners, this begs the question as to whether you really know your partner's financial status? Separate bank accounts and separate financial lives are not something which was common place 20 years or 30 years ago but it would...
Read More