Taxi Driver Online

Diesel price seems to be falling here.
134.9 (sainsburys), only 1p more than petrol.
Lets hope it continues..............

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Worse than 2008 IMO.

People realise there is no magical recovery and green shoots around the corner and are getting squeezed by high energy prices, high food prices etc and so have less disposable income to go out.

20 years ago I operated in a small welsh town where the dominant place of employment was a neuclear power station which closed, not only was it biggest employer it was also the best payer, then the firm wanted staff to move across the UK to other power stations and helped by buying houses off staff so they could buy elsewhere

the effects were devastating for pubs, eateries and......taxis

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Of all the things ive lost, i miss my mind the most

I went through the recession in the 90's without any problems, this one is a different equation.[/i]

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Do not argue with an idiot. He will drag you down to his level and beat you with experience.

Believe me, don't get Mercury X2

As you say totally different. The one back in the late 80s early 90s was dominated by VERY high interest rates, mortgages 15.25% .

These days, and many years on, people no longer have that room to move in having been screwed with either nil or small wage rises. The bottom line is that the money people (all the greedy barstewards) that have been creaming money off big time do not have any room in which to work i.e move/adjust interest rates to tweak the economy.

If they move the interest rates up, then those with mortgages will not go to the shops as often (causing job losses), it also means they will use less fuel for their cars (less revenue for the Gov, and more job losses).

All in all they have dug themselves into a hole, and the only way back (if there is one) is to reinstate cheap credit so people can get back to spending...................But! hang on, isn't that where we started

The U.K was built on credit ! what we need in reality is higher wages, but the policy by successive governments has been NATIONAL MINIMUM wage..........and as ever the recession has been caused by government greed and policies. The people suffer..........not government ministers, and so it will go on and on until the next one, basically being caused by the unfair distribution of wealth.

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if you cannot be yourself, then who can you be.

I thought that was the one in the late 70s early 80s!

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Grandad,

No it was definitely the late 80s.

We were running a pub on a private housing estate and two of the guys had mortgages circling £600 pm & £800 pm, and I remember them saying that their repayments had gone up to something like £800+ and the other was hitting something like £1100 ish. My beer sales were going down massively because people were striving to keep a roof over their heads...................selfish sods

We tend to forget that we have probably had a number of recessions and there may very well have been one in the time span that you mention, but not 15.25% mortgages

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if you cannot be yourself, then who can you be.

2 down this one to go

I started in 1981 at that recession height never really noticed the 90s one
but this one is starting to weed out the Klingon's

I say much as it is now.

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IDFIMH

Likewise, but I think our manor is slightly better off than then.

Maybe it's the seaside location and not so many folks are going abroad.

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IDFIMH

Regarding mortgage interest rates, 5% is the new 15%.

It was the early 80s according to google.

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Grandad,

If you look at a lot of the reports quite a few were asking/trying to predict the next recession in 1988, so I guess that the signs of it coming were around. Apparently it arrived in the 3rd quarter of 1990, no one ever seems to know when they actually arrive because data takes time to filter through, but you can be rest assured that we know before they actually admit it.

Anyway for the purpose of mortgage rates I have managed to get the following info..........



I thought that they peaked at 15.25%, but as you can see in 1989 they were 15.75% and as high as 16.63% in 1990.

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if you cannot be yourself, then who can you be.

15.96% in 1979
18.17% in 1980
15.23% in 1981

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Grandad,

I wrote...........



You wrote....................



So I wrote in reference to the one that I wrote (is that making sense)



The reason.....................BECAUSE I WAS TALKING ABOUT THE LATE 1980s/ early 90s...............NOT the 70s early 80s.

The bottom line being is that we were both right depending on which year/decade we were talking about...................having said that I am MORE right because you jumped into the wrong time zone

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if you cannot be yourself, then who can you be.