09 Apr 2008 5:31 PM:

John,

 

A very interesting post - however the message has to be do not panic ! Talk of a recession in the UK is premature to say the least. Regardless of your political colours stability has always been the the watch word of this Government and they have riden out storms before - much to the annoyance of the Tory press and policians who are desperate to talk us into recesssion to improve their hopes at a future General Election !!

A correction in the UK property market will probably happen , but not on the scale of the early 90's as Interest Rates  inflation and the economy as a whole is under control .Interest rates will probably coming down in the near future which will help.

The pound is struggling against the Euro at the moment but when the credit crunch hits Europe this may change in the summer /early Autumn.

Moral of the story, wait a while but please do not panic and worry about recessions  !!

Cliff.

 

 

Community thread: Obtaining an NIE number at Spanish Consulate Edinburgh

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