Friday, 23 January 2009

UK is in recession (officially)


I am not impressed by the way how they announced the British economy today. Yes, I think the people must have wondered and to an extend, they know that news like this will bound to happen. The British economy shrunk to its lowest in ten years and the BLR is the lowest in 28 years. What does it tell you now?


Will you try to spend more or you would like to save more? I think both will be fine in moderation. I mean, you can't stop buying groceries, right? That is one of the four basic neccesities in life! I think what is important is that we spend less but don't stop spending. Otherwise the economy will fall. We will have to spend but spend less this time.


When I walk down the street, I see Zavvi and Wittards of Chelsea shop firmedly shut. Oh dear...Even if you walk or take a train, you will see many buildings are up for rental, just like the picture above.

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