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myfinances.co.uk poll

2009: What will it bring? Vote now

myfinances.co.uk is running a series of polls to get your views on a range of issues concerning personal finance.

2009 is set to be a tough year for the UK finances. We want to know what you are expecting.

Do you see the recession ending in 2009? Will house prices stop falling? Will interest rates remain low?

Express you opinions in our poll and give us your predictions for 2009 below.
1. When will the recession end? 





2. Do you think house prices will stop falling in 2009? 

3. Where do you think house prices will be in December 2009 from now? 




4. Where will interest rates be in December 2009? 






5. What will the unemployment rate be in December 2009 (currently 5.8%)? 




6. Do you think you will be better off in December 2009? 


7. Will the government's plans to cut taxes help the economy? 

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Your views 

  • Steve from SW London: The MPC dropped the rates about 6 months late, due to there different agenda ( they must keep inflation under 2%, as opposed to Keep England's Economy rolling... ) Hence its stalled "Bother one could say" . It's not completely their fault, but if they'd dropped interest rates earlier things could have been a lot .. "not perfect" we still would have had some fall out from the US etc but the scale of redundancies and companies (MFI/Woolies) closing shop is scary. The gov needs to force banks to lend... AND they need to get the banks to drop the now tight criteria on the LTVs... I find it ironic that the banks were throwing money at us.. Now we the people are in these financial deals they change the lending criteria so refinancing is Impossible. So they need to drop the Interest rates more, insist that the cuts are passed on Accross the board - Standard Mortgages, Buy to Let Mortgages, and Business Finance needs to be reduced in terms of Interest paid... And Sensible caps on fees paid for financing..... If the government doesn't act on this the banks will cease up on the lending front and "it will absolutely Stuff England" ... Scarey Times

  • Tony from Grimsby: To save jobs,the interest rate was left high and not changed early enough, businesses have already started going downhill. The interest rates need to hit zero for approx 6 month to see a difference in the economy. Too many people have lost their jobs and I wouldn't be surprised if it got to a stage where there was more violence and even riots in the streets. This Government is a joke. It should be law that if the interest rates are cut to zero or just above then then all banks and building societies should cut mortgage rates accordingly. Also encourage the public to try and save with higher interest rates if this is possible with a high cost of living. I don't think anyone in the Government realise how the public live in the real world they are so stuck up and while living in their big houses and driving around in their posh cars. I have one more thing to say that all top notches in the Government should swap places with anyone in the public and live their life for 6 months to fathom out what life is all about for normal living single people who are struggling.

  • Carol from Cumbria: This goes back a long way, and it has been said before, to Margaret Thantcher's monetarist policies taking the heart and the soul out of our country. Successive governments have failed to do what they are paid for, which is to think ahead and prepare for adverse circumstances. Utilities should have been taken back, the sale of council housing stopped and replacement stock built, immigration curbed years ago, not to mention that the EU has been nothing but a disaster for our country. I would like to say that the one good thing to come out of it is Italian food, but even that makes you fat. Add this to the outflow of cash for wars and aid, while we are heavily in debt, and you will get the picture. This is why the blame for our lack of financial resilience is squarely on governments.

  • Ian C. Darling, as chancellor, has the audacity to ask people to live on less money and increasing costs, yet to demand that pay rises are limited. What planet does he live on? I think that the government, no matter which party is in power, forget that every MP is on a salary that most people would kill to earn and, therefore, the price rises do not really affect them that much, especially as they can also claim massive amount for travel and entertainment. If they had to pay these costs out of their own budgets and pockets they would have a seriously different approach to other people and how they live. They also seem to forget that, with inflation now soaring, they will only increase pensions and benefits in line with the inflation in September, traditionally the lowest inflation month each year and, yet, they will only increase pensions and benefits in the following April. They claim to be the party of the people, yet, when it comes to their own pay rises, you can guarantee that it will be in excess of the current rate of inflation. I wouldn't mind if they still had all night sittings, but being an MP is rarely more than a 9 to 5 job these days.

  • Ed from Exmouth: Couldn't run a bath never mind a budget.

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myfinances poll 

2009 is set to be a tough year for the UK finances. We want to know what you are expecting. Vote now.

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