The housing industry has experienced a significant decline with reports showing that the commercial sector is experiencing a fall if its own. In fact, the demand for commercial property is decreasing at the fastest rate in a decade. The property downslide is an underlying factor in the ongoing threats of recession, a first for Britain in nearly twenty years.
The demand for retail space has been hit the hardest which could be largely due to the drop in retail sales and overall retail market activity. Consumers simply do not have the discretionary income to spend, a variable trickling down to other aspects of the economy including the property market.
According to a survey by RICS, the value of incentives offered to retail tenants is increasing while anticipated rental is decreasing. These findings do not provide much reassurance for those already concerned about the weak economy and its direction throughout the upcoming months. Simply put, the demand for tenants is decreasing at a rapid rate causing investors to be far less confident in the commercial property market. This is especially true of the retail market as consumers continue to tighten their pocketbooks.
Ernst & Young recently reported that the number of workers now unemployed is anticipated to exceed two million for the first time in over a decade. The UK has not seen a job market like this since 1997 when the Labour Party entered the scene. The firm anticipates the UK to avoid recession in the upcoming year, but it will do so with a very narrow escape as the economy is still adjusting to the extremely weak market sectors. The economy is shifting at a rapid pace, one to which companies must adjust quickly.
However, the need to adjust to the current economy is not limited to companies. Households and individual consumers are learning quickly that things are not as they once were. Discretionary income has decreased significantly while the cost of food, petrol and electricity has increased substantially. The standard of living has declined as a result. Finding a second job to supplement the household budget would typically be the best move to retain financial security, but the labor market is struggling which limits the options available.
Fortunately, the internet today provides opportunities to consumers that were once not available. Many have taken advantage of gaming, the largest growing online industry, and are using sports arbitrage trading to enjoy guaranteed returns of as much as 12% per month. With the use of new software such as ArbAlarm, it is now possible to scan prices globally in seconds and uncover risk-free betting opportunities. With this technology, gaming has become a great source of extra income for many consumers today.
Former city trader Rajeev Shah discusses arbitrage trading in more detail in his book Sports-Arbitrage – How to Place Riskless Bets and Create Tax-Free Investments. In his book, you will learn the system behind arbitrage trading and the multiple benefits, including the tax benefits. The UK government recently announced that profits from arbitrage trading are not subject to income tax or capital gains tax. Adding the tax-free profits to the already compelling incentive of guaranteed, risk-free returns, it should come as no surprise that gaming has become quite popular among those looking for ways to supplement their income.
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