Reacing Tipping Point - Join the #1 Opportunity in the UK

To quote someone who now far more about this than I..

"We have the best opportunity in the UK, the best company, and fantastic momentum. The economy is in our favour, just today I heard that house prices are down 17% on the year and re-possessions up 71%, banks refusing to pass on base rate cuts, 1 in 4 companies are preparing to lay off staff, 3 million mortgage owners face the possibility of negative equity! Get in there and share what a great fantastic opportunity we

have because it is the greatest, and people need it more than ever!


In the latest career opportunity slides we say that we can save an average householder £855 a year, that’s a massive £70+ a month, what a saving, how many families could do with that right now?? A lot.

The average working person in the UK faces massive uncertainty, about their job, future prospects, and ability to pay their debts, on the whole they are depressed about their future and probably not expecting a pay rise!"

Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

http://www.extrapaynow.com

Base Rate Cut to 3%

The Bank of England's Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves to 3.0%.


Since mid-September, the global banking system has experienced its most serious disruption for almost a century. While the measures taken on bank capital, funding and liquidity in several countries, including our own, have begun to ease the situation, the availability of credit to households and businesses is likely to remain restricted for some time. As a consequence, money and credit conditions have tightened sharply. Equity prices have fallen substantially in many countries.

In the United Kingdom, output fell sharply in the third quarter. Business surveys and reports by the Bank's regional Agents point to continued severe contraction in the near term. Consumer spending has faltered in the face of a squeeze on household budgets and tighter credit. Residential investment has fallen sharply and the prospects for business investment have weakened. Economic conditions have also deteriorated in the UK's main export markets.

CPI inflation rose to 5.2% in September. The substantial rise since the beginning of the year largely reflects the impact of higher energy and food prices. But commodity prices have fallen sharply since mid-summer, with oil prices down by more than a half. Inflation should consequently soon drop back sharply, as the contribution from retail energy and food prices declines, notwithstanding the fall in sterling. Pay growth has remained subdued. And measures of inflation expectations have fallen back.

Since the beginning of the year, the Committee has set Bank Rate to balance two risks to the inflation outlook. The downside risk was that a sharp slowdown in the economy, associated with weak real income growth and the tightening in the supply of credit, pulled inflation materially below the target. The upside risk was that above-target inflation persisted for a sustained period because of elevated inflation expectations. In recent weeks, the risks to inflation have shifted decisively to the downside. As a consequence, the Committee has revised down its projected outlook for inflation which, at prevailing market interest rates, contains a substantial risk of undershooting the inflation target. At its November meeting, the Committee therefore judged that a significant reduction in Bank Rate was necessary now in order to meet the 2% target for CPI inflation in the medium term, and accordingly lowered Bank Rate by 1.5 percentage points to 3.0%.

The Committee's latest inflation and output projections will appear in the Inflation Report to be published on Wednesday 12 November.

The minutes of the meeting will be published at 9.30am on Wednesday 19 November..





Instead of being buffeted by the winds of change in the financial markets. Take control of your future with a 'credit crunch' proof business!

If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on juswant.rai@gmail.com

http://www.extrapaynow.com

UK Personal Debt Statistics

Total UK personal debt at the end of June 2008 stood at £1,444bn. The growth rate increased to 7.4% for the previous 12 months which equates to an increase of ~ £98bn.

Total secured lending on homes at the end of June 2008 stood at £1,212bn. This has increased 7.5% in the last 12 months.

Total consumer credit lending to individuals in June 2008 was £232bn. This has increased 6.8% in the last 12 months.

Total lending in June 2008 grew by £4.0bn. Secured lending grew by £3.1bn in the month. Consumer credit lending grew by £0.9bn.

Average household debt in the UK is ~ £9,309 (excluding mortgages). This figure increases to £21,650 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is ~ £58,000 (including mortgages).

Average owed by every UK adult is ~ £30,424 (including mortgages).

Average outstanding mortgage for the 11.8m households who currently have mortgages now stands at ~ £102,554.

Britain's interest repayments have soared to £94.4bn in the last 12months. The average interest paid by each household on their total debt is approximately £3,800 each year.

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,900 per average UK adult at the end of June 2008.

• Consumers will borrow an additional £268m today
• Consumers will pay £259m in interest today
• The average household debt will increase by over £10.75 today
• 2,370 Consumer County Court Judgements (CCJs) issued
• 424 mortgage possession claims will be issued and 302 mortgage possession orders will be made today
• 408 landlord possession claims will be issued and 312 landlord possession orders will be made today.
• 282 people today will be declared insolvent or bankrupt. KPMG estimate this will increase to 356 people a day by the end of 2008 which is equivalent to 1 person being declared insolvent or bankrupt every 4 minutes.
• 74 properties will be repossessed today. The Council of Mortgage lenders (CML) estimates this will increase to 123 a day during 2008.
• Approximately 18,000 credit card applications are being rejected every day.
• 4,000 fixed rate mortgages will come to an end today.
• Citizen Advice Bureaus will deal with 6,600 debt problems today
• The average car will cost £15.42 to run today
• £464m will be withdrawn from cash machines today.
• 20m transactions worth £1.0bn will be spent on credit, debit and charge cards today
• 1/3^rd of all groceries we buy today will end up in the dustbin.

Watch the video first, follow this link:-
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Call Juswant on 07917 105134 or email on juswant.rai@gmail.com if you are interested right now in taking control of your future....

Families have £155 a month less to spend

By Harry Wallop Consumer Affairs Correspondent

DISPOSABLE incomes have fallen to their lowest for five years as household costs soar, a report claimed yesterday.

Wages have failed to keep pace with spiralling petrol, gas and electricity bills and taxes, leaving the average family with £155 less to spend at the end of each month compared with 2004.

The study by Ernst & Young, one of the country’s largest accountancy firms, calculates that the average family, with two children, has £755.52 left at the end of each month after paying essential bills. With this they have to buy food, drink, clothes, holidays and pay any school fees.

Monthly disposable income has fallen from £909.84 five years ago and from £821.69 last year, equating to a total fall of 15 per cent. The accountancy firm admits that the fall in “discretionary spend” would have been more dramatic if it had included food prices, which have risen significantly, in its collection of fixed household bills. Jason Gordon, the director of retail at Ernst & Young, said: “All consumers are painfully aware of the huge hikes in petrol and utility bills but we’ve also seen some fairly hefty price increases in pension contributions and debt repayments.

“If we go one step further and factor in food price inflation, which official figures have placed at 8.7 per cent in the last year, it’s clear that household budgets are under enormous strain. Add in the impact of falling house prices on the consumer’s propensity to spend, and the consumer economy is undoubtedly on a knife-edge.”

The figures come a day after the new deputy governor of the Bank of England, Charlie Bean, warned that living standards would continue to fall for the next year because of high oil prices.

Leading retailers, most notably Marks & Spencer, say that they have noticed a sharp and sudden deterioration in consumers’ spending power, which is likely to cause serious problems on the high street over the coming months. The Ernst & Young study says that although an average family’s income has increased over the past year by 3.7 per cent to £3,784 a month, this has not kept pace with the 9.6 per cent increase in fixed household bills, such as the costs of running a car, mortgage, pension contributions, utility bills and council tax.

Mr Gordon said: “Worryingly, though, the worst could be yet to come.

“If, as predicted, utility prices rise by as much as 40 per cent later this year and interest rates are increased to control rising inflation, consumers and consumer facing businesses will face even bleaker times.

Watch the video first, follow this link:-
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Call Juswant on 07917 105134 or email on juswant.rai@gmail.com if you are interested right now in taking control of your future....

Most People Do Network Marketing Every Day - Just Don't Get Paid For It!

Here are some examples:

• Recommending a school for the children.
• Recommending a pub with a great atmosphere.
• Recommending a favourite song or artist.
• Recommending a blind date.
• Recommending a brand of car.
• Recommending your favourite dish or recipe.
• Recommending a stock or an investment.
• Recommending a solicitor or an accountant.
• Recommending a dentist.
• Recommending your favourite television show.
• Recommending a weight loss secret.
• Recommending a great clothes shop.
• Recommending a church.
• Recommending some new friends.
• Recommending computer software.
• Recommending a good book.

These are all examples of network marketing in action. You recommend the things and services that you like. The person is under no obligation to accept your recommendations.

Your only job is to educate and present additional choices or options for the person. Your job is not to make the decision for the person. That's the person's right and responsibility. It is your responsibility to give the person an opportunity to learn this information.

However, you are not responsible for the decisions people make after hearing this information.

The person has many variables and situations in his life that he must balance along with your recommendations. Respect that. The person will make a decision based upon what is happening in his life, so don't feel offended if a person uses a different dentist because his brother-in-law just graduated after studying to be a dentist. Or, don't take it personally if the person doesn't go to the restaurant that you like. He may have completely different tastes in food.

So, how do I get paid for this?

In all the previous networking examples, you did the work. You just didn't get paid for it.


Watch the video first, follow this link:-
http://www.extrapaynow.com


Call Juswant on 07917 105134 or email on juswant.rai@gmail.com if you are interested right now in taking control of your future....

Soaring bills leave families with just £50 a week

By Harry Wallop Consumer Affairs Correspondent
----------------

THE rising cost of living has left the average family with less than £50 to spend each week on anything other than essential household bills.


The average household with a home and car has £2,427 a year to spend on child care, clothes, holidays, household repairs, credit card interest, telephone calls, medicines, alcohol and eating out.


This equates to £46.67 a week after bills, taxes and the mortgage have been paid. Statistics show that costs have soared over the past year at a far faster rate than wages, leaving most families unable to afford many key items.


The Daily Telegraph has analysed household costs, including food, utilities and insurance bills, for a family with two children, a £150,000 mortgage and a car. Costs for this typical family total £24,665 a year as a result of significant increases in gas and electricity bills, record petrol prices and rising food prices. This compares with an official estimate of the net average household income, which totals £27,092, after benefits have been received and taxes paid.


This is taken from the Office for National Statistics’ family spending survey 2007, published last month. It includes sources of income from all members of a household, including wages, investments, benefits and tax credits, minus taxes and nation


Call Juswant on 07917 105134 or email on juswant.rai@gmail.com if you are interested right now in taking control of your future....

Watch the video first, follow this link:-
http://www.extrapaynow.com