This latest post might be a bit depressing but we are currently facing the beginning of a recession or so the media says. It is only fair that we get it out in the open and stop painting this picture that living in the United Kingdom is everything we want it to be and more.

We have been mingling with a few people who have lived here all their lives and they all are in debt whether it is a small amount or they owe thousands. Most people living here will be able to tell you exactly how easy it is to get credit in the United Kingdom. Yeah, it might be difficult at first, but once you started, they’re bound to throw thousands at you and before you know it, you’ll be in that never end debt cycle which ruins lives. This is how this drama all started, people having too much debt and the economy not performing as it should.

In May this year the United Kingdom has seen a massive surge in people saving money. Everybody is tightening their belts and hope the credit crunch won’t bite them in the ass.  As you can see, there is money in the United Kingdom but everyone is too scared to spend their money in case it comes to the worst. This knock-on effect causes people not to buy houses and house prices falling and people not making any profit when they are selling up.

Best part of it all is that the average working class man / woman living in the United Kingdom will not be able to get a mortgage to buy a house for many years to come, unless you miraculously get a nice fat sum of money out of the blue. So, there you have it folks….start saving money, you might never know what happens in the future!