Pinkella Posted September 24, 2013 Report Share Posted September 24, 2013 (edited) People still seem so price sensitive, are you hard up or just being careful with your hard earned money? In my 19 years of being in business this is undoubtedly the worst I have known! Does anyone have anything positive to say? Edited September 24, 2013 by Pinkella Quote Link to comment Share on other sites More sharing options...
figgy Posted September 24, 2013 Report Share Posted September 24, 2013 (edited) Keep your chin up and see it out. Employment is on the up housing market is moving again, consumer confidence will take a bit longer. Think its more that people either don't have as much to spend with price hikes on gas fuel etc, and not knowing what's going to go up in price next. Those with money are being carefull what they spend on. Pinky have a look at your own spending habits, are they the same as used to be or have you cut back and why. Time for a Avatar pic change to cheer yourself up or you can just cheer us lot up. Figgy Edited September 24, 2013 by figgy Quote Link to comment Share on other sites More sharing options...
Penelope Posted September 24, 2013 Report Share Posted September 24, 2013 I believe that the country is out of recession according to the rules. As for me, money is tight after a £5.5k cut and 25% increase in monthly travel costs (not economic climate related) and a £1500 car repair bill. The populace is still very wary on the whole, given the last few years uncertainties. Quote Link to comment Share on other sites More sharing options...
karpman Posted September 24, 2013 Report Share Posted September 24, 2013 I'm fairly hard up at the moment. Had to take on another job when the work is there to try and eek some kind of living at the moment. Karpman Quote Link to comment Share on other sites More sharing options...
Pinkella Posted September 24, 2013 Author Report Share Posted September 24, 2013 Thanks figgy I know guys I have cut my spending right back for the last year and a half and my old man has been an absolute rock, hes a sheet metal worker and is very much in demand, thanks goodness, so worrying about the home hasnt been so much of an issue. I just want things to go back to how they were, but I suppose that wont happen. Quote Link to comment Share on other sites More sharing options...
old rooster Posted September 24, 2013 Report Share Posted September 24, 2013 It is down very largely to decreased borrowing and the lack of money going round the system. It can't return to the state Bliar and co allowed to happen, we've pretty categorically proved that it was totally unsustainable and only ends in catastrophe. Neither is there any mileage in spending our way out of debt, it is a fools game with only one eventual outcome, either from the perspective of personal finance or at a national level. People will have to tighten their belts and live more within their means rather than on ludicrous levels of credit and therein lies the problem with getting into a financial growth position. It has to be based on productivity and profit, dirty words in the eyes of some sectors of the proletariat, who seem to believe that funding for those who don't work comes from some magical mysterious source but nevertheless essential for us to have a real recovery. Increased manufacturing output is the real answer, that is why China is doing very well at the moment but that only works while a good consumer market is required and that can't grow when the balance between productive and non productive people is so far out of balance. All very worrying for the long term!!! Quote Link to comment Share on other sites More sharing options...
castletyne Posted September 24, 2013 Report Share Posted September 24, 2013 been in the flooring business 18 years and the last 2 years have been our busiest Not so much from customers through the door but from the likes of estate agents Quote Link to comment Share on other sites More sharing options...
Pinkella Posted September 24, 2013 Author Report Share Posted September 24, 2013 The chinese are getting greedy, they want 100% upfront now, but if we put our foot down we should be able to get more credit terms from them, more and more countries are starting to compete. Pakistan promise you the world and give you Coventry. Im not so sure about Europe right now. Quote Link to comment Share on other sites More sharing options...
BRNDL Posted September 24, 2013 Report Share Posted September 24, 2013 I work for a trust partnership and have had to take a 5% pay cut and accept a new "commission structure" which in short hand means you get paid less for making the same deals/contracts. That said there is still scope for promotion and pay rises in the near future. Just keep calm and carry on... Fortunately my contract at work is bullet proof so that allows me to relax somewhat when the business is falling on hard times. Quote Link to comment Share on other sites More sharing options...
karpman Posted September 24, 2013 Report Share Posted September 24, 2013 There comes to a point were being employed becomes an economic decision. I'm unfortunately fast approaching that point what with British gas after another 8 per cent. When working becomes un economical what you supposed to do? Pride only carries you so far and I'm fast running out of that, 48 hours+ to earn a bit of cash in your back burner and your no worse off financially is starting to seem tempting. Running out of notches on the belt if you get my drift a very real issue folks are being faced with. Karpman Quote Link to comment Share on other sites More sharing options...
figgy Posted September 24, 2013 Report Share Posted September 24, 2013 Nice avatar pic. See pinkella your spending has changed the same as most of us. Being able to carry on and see it through the tough times is an achievement. If you can make a profit over the cost of taking a wage your doing very well. A lot are treading water or sinking slowly hoping for a turnaround. Publicising your buisness amongst the country types here and at fairs can only help aswell. Cheer up and start posting stuff that gets moved to the playpen Figgy Quote Link to comment Share on other sites More sharing options...
kdubya Posted September 24, 2013 Report Share Posted September 24, 2013 what recession? KW Quote Link to comment Share on other sites More sharing options...
kyska Posted September 24, 2013 Report Share Posted September 24, 2013 Its not made a jot of difference to me to be honest, I keep getting cost of living increments every year, and because I work hard and do my job right I also get salary increments. Quote Link to comment Share on other sites More sharing options...
brett1985 Posted September 24, 2013 Report Share Posted September 24, 2013 ive been better off since the recession started. changed jobs twice, now earn another 6k a year on what i did when it started. bought my first house 18 months ago, bought a new car earlier this year, getting married next year and have been on countless holidays. but i was prepared for the recession and had no debt. i think that those who were prepared and were carefull are riding it out with ease. Quote Link to comment Share on other sites More sharing options...
clakk Posted September 24, 2013 Report Share Posted September 24, 2013 we make range rover/land rover and vauxxhall/nissan /renault van interiors and are running 7 days a week 3 shifts someones buying landys from 29 grand and range rovers from 60g a throw .we could live at work and theres more vehicles coming on line according to the society of motor manufactuers and traders uk motor production is back up to 2008 levels so moneys out there being spent .trouble is the people buying these aint on the same pay grades as us grunts that make em so we spend our cash frugally. Quote Link to comment Share on other sites More sharing options...
artschool Posted September 24, 2013 Report Share Posted September 24, 2013 it wont get better until the public sector gets slimmed down a bit more. Quote Link to comment Share on other sites More sharing options...
jasper3 Posted September 24, 2013 Report Share Posted September 24, 2013 Mine dropped about 60% once the cuts came into affect... not really bothered anymore as we are changing life style totally Quote Link to comment Share on other sites More sharing options...
figgy Posted September 24, 2013 Report Share Posted September 24, 2013 Amazing the swing from one extreme to the other. Some folk are destitute others never had it so good. Figgy Quote Link to comment Share on other sites More sharing options...
castletyne Posted September 24, 2013 Report Share Posted September 24, 2013 Amazing the swing from one extreme to the other. Some folk are destitute others never had it so good. Figgy Think it just depends on your trade Part of the reason im busy is lettings are up as people are not buying houses It also got rid of some of mycompetition Quote Link to comment Share on other sites More sharing options...
-Mongrel- Posted September 24, 2013 Report Share Posted September 24, 2013 (edited) I'm 25% down on where I was 2 years ago, but that's across the new build industry. Lack of building has meant more companies trying to get the work with a result that the prices have been squeezed and squeezed. Gas engineers locally used to command at least £150/day and I was on more. Going rate now is £120/day and it's not any better on price unless you do stupid hours. I'm still doing better than most as I have a few specialist skills but suffering still even so. When you've earned well for twenty years (had my own business until 3 years ago) you tend to have a lifestyle suited to your income. However, 2 hard hits from companies going bust soon puts you back to square one. The only good news is we didn't lose our home. That all said, it is beginning to pick up again. There is definitely more work out there, and as such I'm hopeful. Not sure I'll set up in business again though, to-o-o-o-o-o much stress. Edited September 24, 2013 by -Mongrel- Quote Link to comment Share on other sites More sharing options...
Will Poon Posted September 24, 2013 Report Share Posted September 24, 2013 Business has definately picked up again but no where near as good as it was a few years back, so it makes me think twice what and where I spend my hard earned money Quote Link to comment Share on other sites More sharing options...
Kes Posted September 24, 2013 Report Share Posted September 24, 2013 With the greatest respect to all who are suffering - I hope it does not return to where we were before the crash and I dont think it can. The cost of money is low but still people cant borrow to set up. Many are looking at what is important in life, as they did in the deep recession of the 30's. Jasper is an example. All most of us can do is keep costs firmly under control, look for savings with sustainable fuels and 'free' power generation. I'm actually thinking of getting a job part time. The mad days where you could make money without seemingly hard work have gone for my lifetime. I'm going Jaspers way and taking courses in stuff like electrics and bricklaying, looking after my own boiler. My future as a retiree is self sufficient and if i dont do that, I wont be able to afford a reasonable to good life style. I shall build my base in home brew, chickens, a few pigs and a bit of land, shoot more for self sufficiency and take a few quid out of the house. I just hope I can make a decent kitchen garden, but at least my jamming is fair to good thanks to my mum. I want to think everyone will find their own way but sadly feel many are really suffering. Quote Link to comment Share on other sites More sharing options...
aris Posted September 24, 2013 Report Share Posted September 24, 2013 The recession should be a lesson to all. Pay off your debts as fast as possible, save for a rainy day, and live within your means. If UK plc did that when labour were running the show, we woud never have had a recession. Quote Link to comment Share on other sites More sharing options...
kyska Posted September 24, 2013 Report Share Posted September 24, 2013 Amazing the swing from one extreme to the other. Some folk are destitute others never had it so good. Figgy You're right, it's how an economy works though. If everyone stopped buying or investing the economy would collapse. It is frustrating that people still buy, live a life free from financial worry, but just imagine if everyone were the same, unthinkable. The two ends polarise, but have a lot in common, money doesn't go as far, but the rich have a buffer, they shouldn't be targeted for abuse, the financial hit just doesn't sting as deeply. Quote Link to comment Share on other sites More sharing options...
seph234 Posted September 24, 2013 Report Share Posted September 24, 2013 The recession should be a lesson to all. Pay off your debts as fast as possible, save for a rainy day, and live within your means. If UK plc did that when labour were running the show, we woud never have had a recession. simple but effective. Quote Link to comment Share on other sites More sharing options...
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