I saw the James Caan from the BBC’s dragons den a couple of nights ago on Newsnight discussing or not whether there was going to be a recession and what should be done to stop it.

All things are pointing to a recession at the moment…

• Sinking house prices
• High energy costs
• High food costs
• High oil costs
• Banks won’t lend money for mortgages
• The employment market is slowing

and more things besides. I agreed with what James was saying in that the government must help us out here. If the government don’t want a recession then they must ‘ease the pinch’ on the average British person right now. It’s time to start cutting tax on energy and petrol and place these taxes elsewhere.

I personally have the viewpoint that there is so much wastage by the government that many millions of taxpayers money is virtually ‘lost’ due to poor allocation of the money or the money is not used to its full extent.

Recession won’t hit students so bad because the students will get the same amount of money regardless. The only thing to hit students bad (as I have said before) is these top up fees, high energy costs and rising food costs.

This is partly why this site is here. To help you guys out a bit more!

Take care for now

The economy is looking like it’s going to collapse. The government are panicking by putting £50million of our own money into the banking system in an attempt to get a few more people on the housing market and stop the inevitable collapse of house prices.

The prices will crash and this is good for current students as in 4 or 5 years time housing SHOULD be more affordable. A well known economist predicted there would be a housing price crash starting in 2008. He says there is an 18 year cycle. 14 years of stable or growing prices followed by around 4 years of falling prices.

So how will the recession affect students?

Money will be tighter with costs of everyday goods going up, but if you can pick up a part-time job and save a bit of cash whilst you’re at University you’ll be in a great position when you finish.

You’ll need to start being a bit tighter with your cash and not piss it all away drinking to 4am every morning. Be a wealthy student, not a skint student!

I’ll be blogging more soon on this subject, but busy writing this book at the moment!