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One of the downsides of losing weight recently has been the amount I have had to spend on downsizing my wardrobe. Now that my weight has finally stabilised I have found myself in the unfortunate position of being half sized, not in the dwarf sense, but as a size 14 and a half collar and a size 7 1/2 foot.
Whilst people don’t call me names in the street I am however excluded from the majority of high street stores who either simply do not sell these half sizes or rarely have them in stock. So whilst others were over indulging in the post Christmas sales my search for a new pair of shoes was hampered by the lack of availability of anything in my size.
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Not content with officially going into recession last week, the UK has gone one better this week and shut up shop altogether as a bit of snow has brought the UK to a grinding halt. Southern England had the worst snow it has seen for 18 years, causing all London buses to be pulled from service on Monday and repeatedly closing the runways at Heathrow Airport.
An estimated 20% of the UK workforce took Monday as a ‘snow day’ and in some parts of the country the whole week has been a complete write off. The Federation of Small Businesses has put the cost to the UK economy at £1.2bn a day which it can ill afford given the current state of the economy. The snow has however distracted the media from reporting the gloom and doom of the economy, with the news of another historic cut in interest rates reduced to a mere tag line at the end of the news bulletins.
As the snow begins to thaw, could this also coincide with the start of an economic recovery?
I’m sure it came as no surprise to anyone last week to discover that the UK is now officially in recession. More surprising however is Gordon Brown’s claims that he has been warning for the past 10 years that the international financial markets needed to be more strongly regulated to prevent such an economic crisis. Apparently he learnt this pearl of wisdom during the crisis in the Asian markets during the 1990s and went on record in a speech he delivered in Harvard ten years ago.
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I noticed some more cashback in my bank account today from Cashback Kings. This included £20 that I had earned back in September for signing up with an online bookmaker to make money using the matched betting technique.
It also included 72p of cashback from a hotel booking that I made with Travelodge when I went to visit friends just before Christmas, which was particularly pleasing as the hotel room only cost me £19 for the night anyway in the Travelodge sale.
In addition I earned my first referral from this website as somebody signed upto Cashback Kings via one of my referral links earning me £1. Whoever did this must have also earned themselves at least £5 from Cashback Kings as that’s the minimum required before I get paid. So it really was a win win scenario for all involved and if you haven’t already signed up I would urge you to do so now as it’s easy money.
You’ve heard about this ‘Credit Crunch’ right? Well lets be honest, it’s pretty hard not to have when the worlds media have become obsessed about reporting anything that’s been remotely credit crunched. The root cause of everything that is happening right now is a lack of available credit, a symptom of this is the economic downturn which has now transformed into a recession.
Based on the well known economic model of supply and demand, “price will function to equalise the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity”. So with the supply of credit being significantly constrained we either have to reduce demand or increase the price we are willing to pay for credit.
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