Financial Crash

| Posted: 14-03-2008 | Comments: 0 | Views: 3 | Rating: (50)

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Nowadays many people in UK worry about their financial future. According to the research of the Gfk NOP, which was hold among the consumers, the rate of economic wellbeing in the UK falls every month. This process began in March 2003.
There are many factors which influence on the financial status of the national economics. Among them are: availability of the loans in the UK, accounts of savings, credit cards, budgeting, etc. There is special scale with the help of which the economists can decide how stable the national economic is.
During several last years the economics’ wellbeing fell up to -32 points. It is more than in the last year. The forecast for the following year is also nor very good. The situation is extremely bad for those people who want to have a currency savings. Besides, such situation can cause a problem for those people who apply for the receiving of the loans for car or house or for other big expenses. The lowest index was in 1995 (-9).
As a result of such financial situation in the UK, those lenders who provide the loans for big purchases, have increased the level of the interest rates, Only those lenders who offer cheap loan products have not changed anything. There are many poor consequences for people because of the national economical status: high prices for petrol, food, high loan fees and crash of the banking system. People lose their workplaces and the salaries become lower.
The people have not money and to provide the living they have to apply for receiving of the loans. The loans are expensive, the interest rates are high, and so it is the situation of the closed disk. It cause huge financial pressure and people collide with the problems. Those adults, who have children, feel it more than other people.

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