Kennedy's Blog

After looking through the daily newspapers, Angus Kennedy is desperately looking for reasons to be cheerful!

Reasons to be cheerful? Actually, are there any? I open my morning paper and here goes - the credit crunch is only half way there; a major US bank will fall in six months; bread prices are rising due to bad weather; the money in your bank is not worth anything now as inflation is soaring higher than the cost of saving; billions have been wiped off banking shares; and property prices may not recover until 2016. And also let us not forget the cost of those irritating little things we need from time to time like oil, gas, mortgages, insurance, water, electricity, loans and taxes. It just goes on and on and on. You name it, it's going up in price rather quickly!

Putting on his serious head, Angus Kennedy gets out his crystal ball and predicts a tough time ahead for the UK economy... but hopes that we will all turn to chocolate for comfort!

Well I know you won't believe me, but not so long ago in Candid, I made a brave prediction that there was a big property crash on the way in the UK. It's now cooking nicely in the oven and it's too late to take the old plucked bird out and make it walk again. She's well and truly cooked.