Unlike some on here I am optimistic about the future (with a few bumps along the way). I work for a successful british company in the aerospace industry (not that british aerospace company), and we lead the world in our technology. We sell most of our stuff to the Americans - they just cannot compete with us. We also manufacture most of our stuff in the UK, as the low cost manufacturing countries generally cannot achieve the quality required for our equipment.
I for one am better off now than I was before the crash, for the simple reason that I have a big mortgage, and the reduction in the base rate to 0.5% made a huge difference to my outgoings. So I am still better off now, even though I haven’t had much of a pay rise over the last few years, and my other outgoings have been going up like everyone’s have. I’m surprised there are not more like me, surely everyone who still has a job and has a mortgage is better off with the base rate so low? Maybe people (in work) are better off but are saving their money instead of spending. Perhaps they are just waiting for some good news before they start spending, and they are not getting that at the moment are they?
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