London, England – Friday, 18 July 2008 - The UK is facing the possibility of a recession taking place within the next 24 months. This comes on the heels of what financial analysts remark to be the weakest financial growth in the UK over the last 15 years.
A major hit to the housing market will take place as a result of the proposed recession. Industry experts warn consumers to expect a 5% drop in housing prices over the course of the year. As a result, mortgage rates will rise and consumer spending will fall.
In response to declining house rates, the Bank of England must reduce their interest rates down to 4% and possibly lower. This drastic move by the financial institution will help stimulate consumer economical standings. A financial move such as this will make for more stringent mortgage lending requirements which will increase the difficulty in consumers obtaining home loans.
Housing market numbers are not the only ones predicted to be hit by the impending recession. Employment market numbers will be affected as well. Specifically financial service positions will suffer the greatest hits. An expected 10,000 to 20,000 jobs within the London’s financial industry will come to an end. This will leave employees looking at other options to make profits.
Employees affected by recession related job losses should consider the rising investment practice of sports arbitrage. According to Rajeev Shah, an ex-City trader, an arbitrage is the term for different bookmakers sharing a similar price for one sporting event that is taking place. With the aid of computer software, risk-free bets can be placed that guarantee financial returns greater than the financial investment. Shah is the author of Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments.
ArbAlarm computer software conducts mathematical computations that result in risk-free profit margins for sports arbitrage investments. Overlapping prices for sporting events are detected over the internet by the software. Current investors that have made the move from property investing to sports arbitrage investing are seeing guaranteed financial returns up to 12% per month.
Further incentive to engage in a new career move is provided by the UK Treasury. There are no tax liabilities placed on profits from sports arbitrage betting. This opens a window of financial opportunity for workers affected by the looming recession.
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