How bad is the financial situation really over there. We hear and see all of this on the news but what is it really like. Are people really cutting back on spending. Is the situation really as bad as what they are saying.
From my point of view living in the UK and dealing with people from all walks of life every day, there is def a tighting of peoples spending habits and over the last few months it seems to be getting worse. Im in the recruitment game and we are seeing a huge cancellation rate compared to 8 months ago. When we send out a questionare as to why they canceled. 99% of them say they can no longer afford the membership or have lost thier job. In one area we saw a drop rate from 16000 members down to just over 9000 which is unprecidated in my line of work.
From my point of view living in the UK and dealing with people from all walks of life every day, there is def a tighting of peoples spending habits and over the last few months it seems to be getting worse. Im in the recruitment game and we are seeing a huge cancellation rate compared to 8 months ago. When we send out a questionare as to why they canceled. 99% of them say they can no longer afford the membership or have lost thier job. In one area we saw a drop rate from 16000 members down to just over 9000 which is unprecidated in my line of work.
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