It is not a Credit Crunch - it is a Recession

Home Security is an increasingly important issue for the householder or tenant.

In the wake ( good choice of word there ) of last year’s flood damage many of the major insurance companies were forced to pay out several hundred million pounds in flood damage insurance claims home insurance premiums have increased markedly. The credit crunch ( that is the euphemism being used by both politicians to describe the RECESSION which is upon us ), has hit all sectors of society in different ways; the big money men, like the banks and insurance companies are having to be a little more careful, increasing premiums and decreasing dividends; banks and lending institutions are acting with reluctance in passing on the cut in interest rates, recently implemented by the Bank of England, to their customers; Mortgage companies have taken the unprecedented step of not accepting mortgage applications and Credit Card companies have withdrawn cards and cut limits.

In this malignant economic climate there is also an increase in crime and personal security has become never more important.

You can avail yourself of many home security measures at Crime Prevention Products, an online retailer of Personal Security Devices and Products. Improved door security and the addition of door alarms, wedge restraints and the like can raise safety levels in the home as can the addition of strategically placed security lights, which offer a high level of dissuasion to would be criminals.

First Direct, a major UK bank and lending institution, has taken the shocking step of withdrawing mortgages for new customers.

This was a direct self presevation move in direct reaction to a huge flood of applications the bank had received as a result of its favourable rates.

I could go on about it for ages. It appears that First Direct will only do this temporarily, but it is like man, this really is a sign, a portent of evil recession round the corner. high level meetings are considering options previously unthinkable - and implementing them,,,,, we are all doomed.