Christmas 2009
Posted by michael on December 17, 2009
Christmas will probably be good for the retail trade. But it is just a one off event!
Most people are not spending much money, instead they are repaying debt and saving as much as they can.
Of course parents are going to buy Christmas presents for the kids but not for each other!
Many people are saving because of the risks of unemployment. They are also saving because the government have said that huge tax rises have yet to come, especially council tax and energy bills amongst others. People know that they need savings to stop them going into debt .
This Christmas is a testimony to the last 12 years of the New Labour government!
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