Friday, May 30, 2008

Sorry - but why is the UK so doom and gloom?

Hi all

Sorry for not updating the blog over the last few days but I have been out and about looking at Spain and the Euro Zone first hand (more enjoying the beach and local beers if the truth be told).

But I did still discover Spain is still very cheap compared to the UK - a Seafood dinner and drinks is still only £25-30 for a family of four instead of £25 per head, housing prices affordable and a slowing economy to boot - but are the Spanish worried? No - only the expat estate agents!

So why the doom and gloom in the UK economy? House prices only going up 2.7% this year?

Personally I think we have talked ourselves into a mini recession and I blame the UK press - nothing sells like bad news! Inflation is low, (I know petrol is expensive but if the UK Government cut the taxes/duty instead of thinking its xmas it would help), Houses are more affordable, and summer is here - so chin up - we all cant be that down beat!

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