Falling costs a boon for many people

Beyond store closures, shortened factory hours and longer lines of job-seekers is a reality that doesn't make front pages: a significant number of people are doing well out of efforts to stimulate the economy.
Falling prices and negligible interest rates are supporting consumption and borrowing, and discouraging saving: it's the opposite of what experts say the economy needs in the long term, but their confidence may lift the short-term mood.
Lower mortgage repayments for those homeowners whose loans track falling interest rates, and a falling cost of living as retailers compete on price are among factors prompting more than one in five people to say they felt positive in a survey last month by market research firm Mintel.
"It cannot be ignored that 21 percent are 'comfortable and confident' and do not feel that their finances have really been badly affected by the worsening economy," said Toby Clark, head of Mintel's Financial Research.

"For most, the economic downturn has been fairly manageable. Some will even be feeling better off, with more money to spend as inflation falls and interest rates reach a new low."
Self-employed driving instructor Bill Lord is one example. A 60-year old who works in Bromley he says he has seen his standard of living rise.
His mortgage repayments have tracked interest rates down, other bills have fallen and, with auto retailers struggling to attract customers, he has been able to negotiate good terms with car dealers for the vehicles he needs for his business.
"Every recession is different ... but it looks very healthy from our point of view," he told Reuters by phone from his busy office.

The Bank of England has cut interest rates to a record low of 1 percent, leading to a significant drop in mortgage repayments for some home owners.
Prime Minister Gordon Brown has cut Value Added Tax, a sales tax, by 2.5 percent. Although criticised -- notably by French President Nicolas Sarkozy who scoffed at the cut as achieving "absolutely nothing" -- it has cut prices in shops.


[SigmaForex Trio Contest]

SigmaForex Ultimate Forex Monthly Champion Double your pleasure, Double your fun and Double your FUNDS.

SigmaForex has exactly what it takes to give you the ultimate forex trading experience and what it needs to make it more successful, more attractive, and more effective.SigmaForex Practice Competition

Let us show you that if you're not utilizing SigmaForex services, you're missing the boat…and potential profits! Every Service taken on is given the time, skill necessary, and awareness to detail to produce the results that your satisfaction demands.

Nothing comes between us and you, we rely on your business; therefore, you can rely on ours, which means that we will be working hard on our behalf to make certain of your success.
Reliability Is Natural For Us, Our Services and Products Natural For You.

We care to make you feel secure with us, and that is a priceless service that will bring in continuous benefits for both of us. Which is why we have created the Trio contest, it is the First and the Only Tri contest in the World wide Financial Market called Forex.

TRIO Contest divides into 3 Main contest stages,

1. Elite Competition
Every game is new business opportunity (Elite Contest)
2. Oriental Competition
A Virtual World with Live Pictures (Oriental Contest)
3. Post-Graduate Competition
Opening a new page in your Life (Post-Graduate Competition)