 surviving the coming economic meltdown |
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The Secret Of Britain's Economic Succcess In France, 10% of the workforce is out of work, while in Germany there is a post-war record of 5.2 million unemployed or 12% of the workforce. But while mainland Europe struggles to find work, over in the United Kingdom we're basking in record employment. The latest unemployment figures show that just 1.41 million people are out of work. So what's the secret of our success? Credit cards. That's right. All the French government needs to do is issue the French with as many credit cards as there are circulating in the UK and spending will boom. Unemployment would be halved overnight. In the UK, there are 67 million credit cards in use. France with a similar population can boast of less than three million. Let's just hope they keep issuing them here in ever greater numbers to keep the UK's "economic miracle" rolling onwards. |
Plan A. Work hard at school, secure good job, set your sights on promotion, climb the corporate ladder, live happily ever after. Reality check for Plan A. Work longer and longer hours just to make ends meet, condemned to a life of wage slavery, drowning in sea of debt, poverty of mind and spirit, existing to work. Do you know why you actually go to work? It's a strange question because most people think the answer is as plain as the nose on their face. You go to work so that you can earn the money to pay the bills and provide for you and your family. That's the obvious answer, but it's not the real reason. You go to work because that's what is expected of you. But Do Your Wages Really Pay?
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Why Won’t The Government Tell Us How Much ID Cards Will Save In Preventing Identity Fraud?
Identity fraud is a growing problem in the UK and more could and should be done to prevent it. The government, playing on public fears, says ID cards will help combat it and regularly bang the identity fraud drum to raise support for their latest attack on personal liberty.
Of course,
Mortgage Debt In The UK Tops The Trillion Pound Mark
Outstanding mortgage debt in the UK has now passed the trillion pound mark according to the latest figures from the Bank Of England.
We owe a further £192 billion in unsecured debt - credit cards and other loans - taking the UK's debt mountain to a colossal £1.2 billion.
We've obviously never
Buy The Independent Today - Before It Becomes A Criminal Offence
Remember when that old man was bundled out of the Labour Party Conference for daring to heckle Jack Straw?
At the time I remember thinking what a sad reflection on British democracy, but it wasn't until today that I found out that not only was he manhandled in such a disgraceful
Demographia Says UK Property Is “Severely Unaffordable” - So You’ll Be Needing A Bigger Loan Then . . .
If you are looking to buy a property, one criterion outweighs all others. Affordability.
Typically, you go to a lender, tell them how much cash you have to put down, tell them what you are earning and they will tell you what they will lend you. You then add the figure
Extreme Debt On The Rise In The UK
Levels of extreme debt - when somebody owes more than £100,000 to their creditors - almost doubled in 2005 according to Britain's leading debt charity, The Foundation for Credit Counselling.
Every year, the charity collates data relating to those who approach it for help and in 2005 it handled two million
Billions Of Pounds Worth Of Mortgage Debt Carried On Into Retirement
There was a time when an average house would cost the average man a year's wages.
Those days have long gone and so the traditional way of buying a house in the UK is to take out a mortgage. The idea was that you would repay the mortgage during your
Half A Million People In UK Have Debts Of More Than £20,000
Half a million adults in the UK have debts of more than £20,000 according to a survey by debt consultants, One Advice.
And this isn't mortage debt, secured against property. This is unsecured debt - the kind of debt that usually comes with more strings attached, including higher interest rates.
Politicians With More Time On Their Hands Than They Know What To Do With
Two Members Of Parliament with obviously more time on their hands than they know what to do with have tabled a Commons motion demanding that internet auction sites like eBay ban the sale of Blue Peter badges.
According to Liberal Democrat MPs John Barrett and Andrew George, the sale of the
If Rising House Prices Make People Feel Wealthier And Spend More What’s The Problem?
Writing for Bloomberg, News Columnist Matthew Lynn criticises the European Central Bank for its "continued vigilance" over the Eurozone's booming property markets. Prices in parts of Spain, France and Italy have rocketed in recent years, with national banks as well as the ECB warning of overvaluation and the real
Government Waste Mountain Beggars Belief - And You Foot The Bill
I used to take an active interest in politics, but today I view both politicians and their swollen ranks of (paid) lackeys with increasing contempt.
And I'm not alone.
The TaxPayers' Alliance is an independent grassroots pressure group campaigning for lower taxes. Its biggest beef is the incredible amount of taxpayer's
Student Debt Spiralling Out Of Control
Once upon a time getting an overdraft while you were a student was like being dragged over hot coals. It usuallyinvolved seeing your branch manager, explaining why you needed an overdraft and detailing how you were going to pay it back.
Today things are different. Students can borrow thousands of pounds
How Many People In The UK Are Unemployed Today?
Unemployment figures released last week showed that the number of people out of work in the UK rose to 1.53 million in the three months to November 2005, lifting the unemployment rate to 5%.
5% unemployed? Hardly anything to worry about. The French and Germans have double that in their dole
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It's Not Who You Know, It's What You Know Find Out What Any House Sold For Anywhere In The UK Free Of Charge |
Recommended Further Reading The Sovereign Individual - Mastering the Transition to the Information Age  Money for Nothing: Real Wealth, Financial Fantasies and the Economy of the Future  Japan's Policy Trap: Dollars, Deflation, and the Crisis of Japanese Finance
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