Work and the crunch - work is slowing down, phone isn't ringing, mortgages are harder to get plus lenders are making it harder for clients to actually get a mortgage (tighter credit scoring and underwriting of cases) & also the rates are shocking! Investors are hugging their cash, unwilling to part with their hard earned.

Me & the crunch - I have started making my own sandwiches for work and checking all the lights are off before I go to bed & after leaving the house in a small effort to save pennies! Regardless, my family seem to want every electrical device we own on and burning up my hard earned.

Interest rates & the crunch - today is the interest rate announcement from the Bank of England, Up Down or the Same - the decision is theirs. Rates will probably stay the same. Reducing them is not helping anyone other than people on tracker mortgages. The LIBOR rate, the rate banks lend to each other, is still at 5.8%, this is one of thge main underlying reasons for the high rates on offer for mortgages.

Retail Credit Crunch - hey retail peoples, how about a range of products priced at Recession busting prices? Cadburys Credit Crunchie - we all need cheap chocolate?

Hey but credit crunch aside - the suns back in the sky, my local off licence still has Red Stripe on special offer & I have started to walk to work! So it's not all bad!

• ArtfulDodger's blog
• Login or register to post comments