So the OECD predicts recession in the UK. I must say, I can’t see any signs of the growth we desperately need, and I can’t see any significant growth for many years to come. We in the UK are going to have to learn to adjust to lower living standards. The growth experienced over recent years was fuelled by cheap credit, which in turn led to rampant consumerism. It wasn’t ‘real’ growth and we are paying the price now. I fear we are going to have to get used to living in this harsh ‘new’ economy for years to come.
On the whole, Western living standards are going to drop even further over the coming years as we are going to be competing with the developing countries in this global economy. We in the West are going to have to go backward before we can move forward. The politicians know it, but they can’t tell us the truth if they want to stay in power. The opposition parties would have a field day and simply deny it is this awful and blame the Government.
I know this is a depressing post but I feel it’s obvious to those of us who bother to think about such things. However, it’s not all doom and gloom. There are many opportunities out there. We just need to be realistic. Accept we are going to have to work harder and smarter if we want to survive and thrive the tough years ahead. If you do thrive, it will not only benefit you and your family, but also the UK economy, because to experience ‘real’ growth, it’s going to be on the backs of hardworking, enterprising individuals starting and growing their own businesses and creating ‘real’ jobs.