Qualified advisers answering your
Financial Questions
call 0800 092 1245

What can we do to ensure that the credit crunch does not occur again?

The short answer is that we must all live within our means even if there is temptation to spread your wings and take on a little more debt that you feel comfortable with. We also need to understand that just because we have missed out on the start of an investment boom, in whatever asset class, it does not mean that we have to chase prices higher and higher.

However, there are many lessons to be learnt by the authorities including the need to regulate finance and industry a little more, watch out for the early warning signs and relieve some of the pressure off taxes when possible. The more you tax the consumer the more they will fight back when they actually have money. But if you keep income and taxes on a steady line then consumers are likely to be more sensible.

We also need to try and reduce the impact and control which fear and greed have in the investment markets of the world, while still allowing free markets - not an easy challenge. The best thing we can do is learn from this slowdown, teach the kids financial restraint at an early age and not get tempted to buy assets or investments which our heart tells us may be over valued.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details