bonusstreak – As always, media coverage has the potential to exaggerate but for me, living in Spain and being paid in pounds, it becomes very difficult to ignore what is happening to the UK economy at the moment. Day by day I walk past currency exchange booths in Gibraltar and look in horror as the £/€ exchange rate drops lower and lower…
OK, I have the dubious luxury of getting to see the financial balance between the UK and Europe at first hand and it doesn’t exactly add up as defining proof of a recession, but it bothers the hell out of me! I am sure that increasingly there are more and more examples for pretty much every tax payer in the UK and US where something is changing, becoming more expensive for them to do… like filling their car up with petrol, perhaps.
It certainly isn’t media hype in my opinion, but I guess how much it affects you on a personal level all depends on your own personal situation