The UK is facing recession for the first time in nearly two decades. Britain’s economy is struggling to say the least. For many, it feels like the economy has hit a brick wall with little to no warning. The cost of food, oil and energy has skyrocketed placing households in a stressful financial situation with no sign of recovery anytime soon.
It is as if the market’s brakes have been instantly slammed, especially during the past few months. The housing market is only one aspect of the economy suffering with the Royal Institution of Chartered Surveyors recently reporting that the demand for commercial property, particularly retail and London office space, fell last quarter at the fastest rate in ten years. Housing prices experienced an even greater fall this month at 1.8pc according to a recent survey. This is especially significant in light of a recession warning considering the housing market has contributed greatly to UK’s prosperity during the last ten years.
It is difficult to maintain an optimistic outlook based on the current market activity. House prices are decreasing while the cost of living is increasing. The result is consumers spending less which, of course, plays into the cycle of decreased market activity and consequential economic strain. It must be expected, though, since reports have shown households to have less disposable income to spend. For many, it is about meeting basic household expenses today and not the latest fashion trend. It is predicted that retails sales will continue to drop over 2pc as a result of the decreased discretionary spending.
The decreased spending has also changed expectations of where interest rates will be with many experts now believing the Bank of England MPC will decrease rates from 5pc. The fear is no longer just inflation but rather a pure recession thanks to the sharp rise in food and oil prices causing many to anticipate inflation to reach 4pc by the end of the year. Whether inflation or a full-blown recession is the greatest threat right now is not the foremost concern of households, though. Many simply want to regain financial security, a previous security quickly deteriorating as they watch the economy dissipate.
Workers are losing jobs at a faster rate than the country has seen in years so the thought of supplementing income may not be the primary thought of many consumers. However, finding ways to supplement whatever income is available may be the key to making it through the current financial crunch. Ordinary people can now take advantage of some of the great opportunities for earning extra money online, particularly gaming which is one of the largest growing industries online. With the use of new software, it is now possible to scan prices globally and quickly to uncover risk-free betting opportunities providing guaranteed returns of twelve percent each month.
Imagine what a profit of twelve percent per month would do for families dealing with the current economy. It could very well be the financial boost needed to maintain their standard of living and not fall prey to the present cut-throat market. Former city trader Rajeev Shah discusses arbitrage trading more in his book Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments and how advanced software called ArbAlarm allows for easy profit from this unique investment method. In short, an arbitrage occurs when different bookmakers’ prices on the same events overlap in which it is possible to bet on all of the outcomes in that event. Yes, this is exactly what it sounds like – guaranteed profits. More than that, the UK Government recently announced that profits from sports arbitrage trading will remain tax-free including both income tax and capital gains tax. The labour market may be struggling, but this certainly does not mean that households cannot find other profitable opportunities to earn extra money.
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