TOTAL LICENSING
Dump the
SLUMP!
A Brief Farewell…. Here is just a small sample of Britain is in the grip of an escalat-
I am going to start with my ending to- newspaper headlines from Fri- ing repossession crisis.
Laura Ashley-Timms,
day. This is going to be my last column day 8th August 2008:
the Licensing for Total Licensing for a while. I have
Great stuff to read over your corn-
Industry’s very own
had 3 children since I started writ- Daily Express ... flakes…. How would you feel after
Coach, has teamed
ing these articles and with Business- Home repossessions at 12-year reading all this?
Coaching.co.uk growing at a very fast high I have very strong feelings about this
up with Total
rate I have decided to take a taste of Soaring numbers of borrowers struggling subject. This is Britain at its best
Licensing to
my own medicine and start focusing amid the credit crunch – negative language, creating negative
challenge you to on the fundamentals!
behaviour – I have one thing to say:
improve yourself
I tell you this now because I am hop- Darling’s stamp duty dithering
and your business.
ing that as a reader of these pages kills house sales Dump the Slump!!
you will read what follows and take Britain’s house buyers are pulling out Our American cousins have also suf-
the message to heart – knowing that I of sales in droves because of Alistair fered a terrible credit crunch and
have saved the best until last! Darling’s hints of a stamp duty “holi- luckily their positive attitude is al-
I also don’t want to lose touch with day”. ready seeing light at the end of the
you and hope that you will visit our tunnel – so why is there no hope for
website, www.BusinessCoaching. The Guardian... us Brits?
co.uk and sign up for our fortnightly Biggest house price fall since 1983
business tips which land on your Britain’s biggest mortgage lender The answer is simple
desktop via email at the bargain price yesterday heightened growing reces- I know that this is sticking my neck on
of FREE – which is amazing as some of sion fears when it revealed that the the line – but I believe that the reces-
the content is priceless! yearlong credit crunch had wiped sion is a media driven frenzy that will
Enjoy what follows and even if you £20,000 off the cost of a home in the soon turn artificially into a reality.
never have before…TAKE ACTION biggest annual fall in property prices My recent experiences include hav-
this time – your success depends on on record… ing to queue in Birmingham to buy a
it. new luxury mobile phone, finding it
Evening Standard... impossible to get into a good London
Recession? What Recession? Banking gloom restaurant when I was down there on
You can’t look, read or listen to any- Business – all fully booked. Complete
thing at the moment without learning The Times ... sell-outs at the theatre – even at £60
more about the terrible state of the House repossessions soar by 48% a ticket…I could go on.
economy. The Housing market is ap- since January I don’t see much evidence of a wide-
parently at its worst point in decades House prices back to 2006 and still spread issue. What I see is the banks
and the rest of industry is following falling lending £100,000s to bad risks (in-
fast. Unemployment is up. Negative cluding long term unemployed) with
equity is back…we all may as well go Biggest loss for Royal Bank of Scot- no due diligence, coming back to bite
home and pack up now. land them on the bum. A media overreac-
Are we in a recession or is it a figment tion that has led to an issue with one
of the media’s imagination …and fast Daily Mail bank, which in turn has caused a real-
becoming a self-fulfilling prophecy by 100 families a day lose their homes ity check to other banks and a more
default? as repossessions soar 50% to 12- sensible attitude to lending, which in
year high turn has had an impact on the over-
168
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