Tag Archives: Recession

Recession Delays Women Having Babies

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The recession is having a direct effect on birth rates, with one in four women being forced to delay or reconsider having a baby, according to the 2011 Red National Fertility Report.

The results, published in Red’s October issue out on Tuesday 6th September 2011, shows the effect the recession has had on women trying for a baby – from how much they would be prepared to pay in order to conceive, to postponing motherhood due to redundancy and the rising costs of living. The report surveyed over 2,500 Red Magazine readers aged 30-45.

Key findings include:

· The recession has resulted in a 25% drop in babies tried for, with 10% of women saying the recession had made them postpone trying for a baby, and 15% saying they’d decided not to try at all.

· Baby prices have dropped more than house prices – with the average amount women would be prepared to spend to conceive dropping from £15,000 to £12,000 – a 20% drop in just 12 months. * The average house price is down 2.65% from July 2010 to £163.981 – Halifax House Price Index.

· The percentage of women who would be prepared to spend £50,000 to guarantee them a baby has dropped even more dramatically from 10% to 6% – a 40% drop over the same period.

· Following increased financial pressure on the NHS, when it comes to offering free IVF, 62% of women don’t think it should be available for anyone who wants it – up 17% from 2007 (45%). This suggests that when funds are tight, fewer women perceive having a baby as a right for all.

· Due to lack of IVF on the NHS, 61% have paid for IVF privately, with only one in five getting all their treatment for free.

Sam Baker, Editor-in-chief of Red Magazine, said of the findings: “This report provides an incredible in-depth view on the effect the recession has had on women’s baby plans.
The comparable figures show that the last year has hit women and their families hard, with many having to postpone or reconsider trying for a baby.”

Brigid Moss, Red magazine’s Health Director added: “Fertility treatment can be expensive, and this report shows that fewer people have been able to afford it, while the NHS provision for fertility treatment remains a postcode lottery. The report shows that having problems trying to conceive and treatment is also stressful, too. Both of these factors only add to the stress of someone who’s having problems trying to conceive.”

THE REPORT IN FULL:

MONEY

· The recession has resulted in a 25% drop in babies tried for, with 10% of women saying the recession had made them postpone trying for a baby, and 15% saying they’d decided not to try at all.

· Baby prices have dropped more than house prices – with the average amount women would be prepared to conceive dropping from £15,000 to £12,000 – a 20% drop in just 12 months.

· The number of women prepared to spend over £50,000 to guarantee them a baby has dropped even more dramatically from 10% to 6 % – a 40% drop over the same period.

· Due to lack of IVF on the NHS, 61% have paid for IVF privately, with only one in five getting all their treatment for free.

· A staggering 100% of women surveyed would, or have, cut back on school fees to pay for fertility treatment. 94% of women say they would cut back on all aspects of their lives to pay for fertility treatment if they needed it (includes holidays, eating out, pensions, savings, health insurance, clothes and selling possessions).

· Most women paying for fertility treatment have said that the money came from savings (88%), but 17% received a gift or loan from their family, 13% took on extra work and 13% put fertility costs on their credit card.

· 23% would consider moving / down-grading their house to get free NHS IVF provision to help them conceive.

· 17% of women who need fertility treatment have been prevented because of the costs, and 12% said the recession has directly prevented them from having treatment or more treatment.

GOVERNMENT POLICY / NHS

· Following increased financial pressure on the NHS, when it comes to offering free IVF, 62% of women don’t think it should be available for anyone who wants it – this is up 17% from 2007 (45%). This suggests that when funds are tight, fewer women perceive having a baby as a right for all

· 74% of women believe the government should ensure women are provided with three free cycles of IVF on the NHS.

· 95% think it’s unfair that there are different NHS IVF provisions depending on where you live.

· Nearly 60% believe that women should be given IVF on the NHS even if they have a child with their current partner, rising to 90% if they have a child from a previous relationship.

· BUT 62% don’t think that IVF should be available on the NHS to anyone who wants it.

SUCCESS CONCEIVING

· 23% of the women asked have had problems conceiving.

· For those who have had IVF treatment, 38% have only had it once, and 10% have had it more than five times.

· When it comes to the success of IVF, 45% got pregnant and had a baby, 31% didn’t conceive and 5% conceived naturally.

· 18% would consider going abroad for treatment if provisions were not available at home.

STRESS

· Fertility treatment is more stressful than the recession – 59% found it more stressful than dealing with financial concerns.

· 40% find the process more distressing than the ending of a relationship.

· Three in four (71%) found it more stressful than moving house.

· Nearly two thirds (62%) found fertility treatment more stressful than being made redundant.

· A third of women (36%) said that fertility problems made them depressed with 2% even signing off work due to stress / mental health problems.

· Nearly half of women(47%) said their husbands found it hard to cope when they were not getting pregnant.

EGG FREEZING

· 27% of women have considered freezing their eggs for the future.

Holiday Travel – Summer 2011

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As a well-rounded traveller, I have to ask is travel becoming less of a need for the working public? Do people still feel that it is reserved for the rich and famous?

All of these questions come to mind daily for me. Why ? Simple. It’s because travel has been part of my life since the age of 14 when I first experienced overseas destinations on a family holiday. Now, 15 years later, I am running my own Travel and Events business and noticing changes in the public’s methods of booking and budgets, and expected standards.

The impact of the economic downturn has been huge on the tourism sector and this has been very clear to see with airlines going into administration and tour operators closing down. But the public will always need to travel, if not for business or pleasure, but to simply live.

The world is a much smaller place thanks to the advances in travel and technology. The introduction of bus-like services, such as Ryanair and Easyjet, have proved that methods and the public’s idea of travel is changing. So must the industry change to advance.

One thing is for sure. Young or old, recession or not, people still want a bargain,  good service and value for money.

Travel today maybe a tough industry, but it’s not all doom and gloom. Whether it’s sun, sea and sand you’re looking for, or pure luxury, if you’re smart, bargains and deals can be had.

People have been worried about both security of travel in places like Egypt and Tunisia, but tourism is at the heart of these countries’ income, so don’t stop going (embrace I say).  Reward yourself with a break. No matter what size your budget is, the industry has something for everyone.

Tell me if you agree?  What experiences have you had in 2011?  What has changed for you and where have you been?  Frost wants to hear your comments.

(Pic courtesy of Anna Cervova)

<a href=”http://www.publicdomainpictures.net/view-image.php?image=2119&picture=sunglasses”>Sunglasses</a> by Anna Cervova

Why the Economy Could Take Another Downturn—and What the Average Investor Can Do To Protect Themselves

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Why the Economy Could Take Another Downturn—and What the Average Investor Can Do To Protect Themselves

The following article was written by Daniel A. White, CLU, ChFC , President, Daniel A. White & Associates:

To the casual observer, the economic headlines look promising. To be fair, there are a few positive indicators. Unemployment figures are gradually improving, retail sales are on the upswing, corporate profits are up and consumer confidence is surging. Unfortunately, the reality is much more complicated. To many financial advisors and investment professionals–myself included at Dan White and Associates–there are reasons to be cautious. A closer look at historical comparisons and advanced metrics behind the rosy headlines reveal cause for concern.

Trouble looming?

One of the biggest underlying reasons I suspect we might be headed for another 2008-type bubble in the not-too-distant future—is my skepticism regarding the pace of the current recovery and the factors driving it. Standard and Poor’s (S&P) earnings are on pace to hit $91/share by August; up nearly 13 fold from the March of 2009 lows of $7/share and surpassing the all-time high of $90/share in the 3rd quarter of 2007. There is nothing wrong with profits, but why are we seeing those profits?

The short answer is pretty simple: the government is printing more money as part of a strategy called Quantitative Easing (QE2); monetizing the national debt by purchasing securities and turning government bonds into circulating money.

So what happens when the government turns off the spigot? We can get a pretty good idea by looking at other government incentive programs. Whether it was a home-buying tax credit or a “Cash for Clunkers” promotion, the markets dropped off sharply when programs ended. It’s also worth noting that after the last round of Quantitative Easing–in the months after April 2010–the market plunged.

PE ratios and commodity oddities

Since QE2 began last August, the price of Silver is up 70%, crude oil and coal are up close to 40%, and a number of other commodities are up sharply. And when you see the U.S. Dollar down 10.6% at the same time, that’s a recipe for trouble.

Perhaps most concerning, is the historical pattern of the price to earnings (P/E) ratio and what it means to investors. When you get in the market at a low P/E ratio, things tend to work out well, and when you get in when the P/E ratio is high, that doesn’t bode well. The current S&P 500 P/E 10–is at about 24. It has only been at 24 a handful of other times in history.

What can you do?.

* Be conservative. Investing in healthy companies with large cash reserves is fairly safe, but commodities and other risky assets are a bad idea.
* Plan ahead, be cautious and don’t get overextended. The first sign of trouble is likely to be short-term interest rates starting to tick up. If you see that happening, reduce your exposure.
* If you are retired or almost retired, all of this is particularly relevant. Be extremely vigilant and pay close attention to the subtleties of the marketplace.

Founded in 1987, Glen Mills, Pa.-based Daniel A. White & Associates is a financial planning firm specializing in asset protection and transitional and retirement planning. Through a team of knowledgeable experts, Daniel A. White & Associates provides comprehensive financial planning for retirees and pre-retirees in estate planning, asset protection, wealth management and wealth transfer strategies.

www.danwhiteandassociates.com

Labour’s Debt Legacy

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You (every UK household) will pay £2,128 in taxes this year just to cover interest debt repayments!

That’s not to pay off the debt, that’s just to cover the interest. That is Labour’s legacy.

The worst part is this amount is set to increase as the national debt continues to soar thanks to the estimated £146billion budget deficit this year (and that’s after the cuts)!

In 1997 Labour inherited a budget that was in balance and set to move into surplus. That is a budget deficit of £0. With the budget deficit moving to a surplus the Labour government wasted a valuable opportunity to pay off some of the UK’s debt.

It’s so infuriating that that £2128 in taxes we’re all paying today to cover interest debt repayments need not exist at all.

What the previous Labour government actually did was go on a massive spending spree with borrowed money. Government spending soared from £309billion in 1997 (40% of GDP) to £647 billion in 2010 (52% of GDP). The Labour government mortgaged Britain’s future to achieve political success in the short term. Ultimately their actions were profoundly irresponsible and selfish. ‘Weak politicians have bribed voters with endless amounts of borrowed cash’

The UK now owes over £31,000 for every person in employment!

See the debt bomb for an idea of the scale of the debt and how fast the debt it is increasing http://www.debtbombshell.com/

No one wants these cuts. But we need to except that we can’t spend more money than we have. If so much money wasn’t going on interest re-payments there would be no need for cuts. But the fact is Labour has created this debt and we can’t just ignore it.

Quite frankly it was sickening to watch Ed Milliband giving a speech to anti-cuts protestors, when it was his party who got us in this situation in the first place.

His attempts to link the anti-cuts protests to the anti-apartheid movement and the suffragettes were ridiculous if not offensive.

Let us not forget the lessons this has taught us. We all need to take a longer term view. Politicians but us voters as well. And there needs to be more transparency. Personally I found George Osborne’s recent budget much easier to follow than the old Brown ones.

The fact is the previous government spent money it didn’t have and now you have to pay it off. Let’s learn the lessons. Don’t let any government do it again.

http://www.telegraph.co.uk/news/politics/7495214/Budget-2010-Relentless-march-of-state-spending.html
http://www.ukpublicspending.co.uk/downchart_ukgs.php?year=1990_2011&state=UK&view=1&expand=&units=b&fy=2008&chart=F0-total&bar=1&stack=1&size=l&color=c&title=Overall%20Public%20Spending%20Chart
http://www.debtbombshell.com/
http://www.bbc.co.uk/news/business-12830224
http://cluaran.free.fr/debt.html

Londoners Life 7 by Phil Ryan

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The recent London attitude to bad weather has been weary fortitude. Usually it’s rain. But more recently add to this mix – Tube strikes. Tube breakdowns. Train breakdowns. Student protests. Council cutting back on bad weather provision. Freezing cold. And then to cap it all. Snow. Look at the London news and it’s a repeat of every other year. Fed up people complaining. The train company did this. Or more accurately didn’t do anything. Nothing works. Where’s the grit? It’s part of the London cycle.

We just repeat the same problems. My more surreal moments in the inclement weather being watching an elderly man on skis in Hampstead High Street. Calmly floating down the pavement he looked very determined. And so did the small dog he was using to pull him along. A spaniel. But my favourite being a miserable looking bus driver repeating in a monotone “Snow off your shoes please” to every passenger. This elucidating a frenzied procession of semi Flamenco moves from a bunch of cold people who just wanted to get on and sit down. It looked like a street dance off with shopping and elderly people.

But it’s Christmas now. The race begins. Buy. Buy. Buy. And all the local papers go into charity mode. Good causes. Smiling old age pensioners in hats. Cheery looking homeless people grinning over a bowl of soup. It’s so very Victorian. And so very London. The TV is straight on it. Out come all the Dickens analogies. It’s as if the presenters can’t help themselves. “And here’s a real old curiosity”” It’s a bleak house tonight” and one that made me choke during a report on a local council closing a toddlers club “The spirit of Christmas present lost in a scoogelicious committee decision” Scroogelicious! And then comes that unique London traditional phenomenon the absurd pre Christmas sales in the posher shops. Items such as a Swarowski encrusted hot water bottle or a platinum apple phone. Slashed from mind numbing prices to surprisingly staggeringly high prices. Who is buying this stuff? I thought there was a recession on? But the London Christmas rolls on. It’s party season. You can tell by the tents set up in Leicester Square to deal with the incoherent drunks paralytically spreading the yuletide cheer. I think we should wait until they’re completely unconscious and then stick them in air freight containers so they wake up in say Bolivia or Morocco. Watch the drinking statistics drop away!

But food and drink feature large in a London Christmas. The major restaurants falling over themselves to do deals. The Evening Standard is full of coupons suddenly. Who cuts them out? It must be very difficult to go on a date with someone who surreptitiously starts sliding coupons under their credit card come bill time. Not really giving the right impression. Hi I’m sexy but very cheap. But the 2 for one offers often come with a sting in the tail. The good stuff never seems to be included. And then when you do stray from the deal it sends the price into the stratosphere. But that is the London way. Just like the Traditional German markets that suddenly seem to be appearing everywhere. Londoners just accept the fact that a load of fake alpen huts will start springing up on every corner. Bratwurst. Hot wine. Weird looking ginger bread. All to the accompaniment of brass band music. They have a thing called Winter Wonderland at Hyde Park with a huge German fair. And it’s a mixture of baffled looking Japanese tourists uncertainly smiling unsure whether they were tricked over the war and hardy Londoners braced against the cold munching on surreal looking sausages in rye bread that has the consistency of an elderly carpet tile (and a similar taste I might add) all secretly longing for a bacon sandwich. But it’s Christmas in London which means anything goes. Apart from Christianity. This is a no no with most London councils. I saw an article with some Council leader who seemed confused at the concept. He thought it was an economic opportunity with a holiday attached. The Christ and religious bit clearly passing him by. Hence that horrendous Winter Festival concept put about by the more moronic ones. Even though they all get the cast of East Enders in to turn on the Christmas lights. Huh? But they’ve figured out that upsetting Christians is easy – they’ll just turn the other cheek. The most radical things some local Christians round here did was to sing a load of Carols outside the Town Hall. How vicious was that? God bless them. Or as my local council would put it. Winter bless them.

Oh yes just a quick update on my human signs. They’ve now got them dressed as furry animals. Quasi Disney Characters. With holly and tinsel stuck all over them! They still have Golf Sale and Cheap Computers written all over them but it’s nice for the children. And very confusing. Goofy clearly reduced to sidelining in cheap Golf equipment since his falling out with Mickey they must suppose. Anyway finally after the shopping then comes the final Christmas ritual. The big get away. In London we head for the airports and the streets fall silent. It’s a very odd time. The usual rush and whizzing around replaced albeit temporarily with a brief period of tranquillity. I tend to stay to enjoy the peace and once everyone else comes back then I leave. The prospects for the New Year a bit uncertain this time. The austerity year I heard it called. I chatted to some people in a café the other day and asked them their fears and thoughts about the coming year and all the cuts. I listed all the things that were going to be closed and cancelled. They all shrugged. So what they said. And ordered another latte and biscotti. Denial. No. It’s a London thing.

Well that’s it for this year! Merry Christmas to you all. And here’s crossing my fingers for 2011. So whoever they may be – may your God or non belief go with you.

Regards Phil

Wall Street 2: Money Never Sleeps. {Film Review}

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When the original Wall Street film came out in 1987, only two months after the Black Monday stock market crash, it was very apt. It was as much a damning indictment of the yuppie generation as it was Hollywood entertainment. As history repeats itself, so has the timing of the second film. With fears of double dip recessions, crashing house prices in America and massive unemployment, Oliver Stone once again holds up a mirror to the financial world – it looks as ugly as it did last time.

Whilst the original glamourised the industry it sought to shame, Wall Street 2 makes the industry seem much more brutal. Michael Douglas as Gordon Gekko is more grizzled and world weary. Coming out of prison after decades for insider trading.

I can’t separate the actors life from the character. This may seem strange, but during filming Douglas’s son, Cameron, went to prison for 5 years for dealing drugs. In the film, Gekko has a son who died from a drug overdose. In a speech near the end about his son, the speech is so truthful I could barely watch, the pain was so visible.

Wall Street 2 is a good film. Shia LaBeouf is spot on as the hier broker engaged to Gekko’s daughter. Josh Brolin is as good as ever as Bretton James. An unscrupulous billionaire who’s callous actions cause Shia LaBeouf’s character, Jake Moore, to seek revenge. To incredibly watchable effect.

The other thing this things reminds you of is how amazing Michael Douglas is as an actor. I really hope he has a speedy recovery from cancer soon. The loss to cinema would be too great.

Throw in a cameo no-one was expecting and you have a brilliant film. Well worth a watch.

By Catherine Balavage

We're not at Home to Champagne Charlie {Politics}

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As has been widely reported, this year’s Conservative Party Conference, like its predecessor, will feature a ban on what many might see as the Tories’ beverage of choice – champagne, naturally. We are told that at last year’s conference, the drink would have been seen as a premature celebration of victory – and it’s true that nothing is punished by the British public more swiftly than perceived arrogance; just ask the Labour Party after their narrow loss against John Major’s Conservatives.

At this year’s Conference, the mood (or at least the mood the Party wants to project) is sober and business-like. The past few months since the election could be seen, perhaps, as a ‘phoney war’, a kind of hiatus – up until now, cuts have been discussed, options tabled, and Ministers have argued for the necessity of continued spending in their Departments. Now, within two weeks, the axe will begin to fall in earnest and the public will begin to see what 25% cuts in Government spending actually look like.  Accountancy firm BDO and other experts have warned that the cuts are likely to push the country into a second recession, as businesses make their own cuts in anticipation of shrinking markets. Against this background, it would be foolish, indeed, to celebrate too overtly in front of the cameras.

Yet the Conservatives, in fact, have much to celebrate. Of course, winning the election, for one thing, even if the result was the Coalition. Perhaps even more important is how smoothly the Coalition formed and how harmonious it is for the most part – It’s been said of David Cameron that he prefers consensus to confrontation, and he seems to be thriving on it.

But it’s not just about consensus – this is a radical Government – if anyone had missed that point, it was made clear by David Cameron’s invitation to Margaret Thatcher to visit 10 Downing Street in June. Margaret Thatcher herself was the leader of the most revolutionary administration since the Welfare State was born in 1945 under Clemet Attlee.  Thatcher’s revolution, of course, was about shrinking, not enlarging, the State, and David Cameron intends to complete it.

Under Thatcher, the State got out of the business of running industries. Under Cameron, the State will continue to provide the essentials to those who have no alternative, but it will no longer be a viable option for those who prefer not to work to rely on the State as a lifestyle choice. The planned cuts in Housing Benefit for the long-term unemployed are part of this strategy; while they may sound harsh, Ian Duncan Smith’s intended radical reforms to the welfare system will ensure that taking work always pays and that the culture of warehousing people on benefits for life is brought to an end.

The process will undoubtedly be painful, particularly for those State employees who lose their jobs in this process. But we should remember one thing – while the 1980s were also painful for many as the economy changed from State Socialism to free enterprise, by the mid-1990s Britain’s economy was rock-solid, house prices were reasonable, and levels of employment were increasing.

David Cameron’s rejigging of the economy is unavoidable, not least because the country is broke – but people may be pleasantly surprised to see what emerges from the process.

It would be hard to blame Conference delegates for taking a discreet swig of champagne from a paper cup, given the circumstances.

Stephen Canning is the editor of The Tory Boy ( http://www.thetoryboy.com ) one of the fatest growing online political news blogs. He is also the Chairman of the Braintree Conservative Future and is actively involved in local, regional and national politics. Join him on Twitter (@StephenCanning) for regular political news and information.

The Fat of the Land {Carl Packman}

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There is a simple reason why I predict the two taser shots received by Raoul Moat on the morning of 10 July had nothing to do with his eventual death. Not because disruptions to ones nervous system couldn’t release a spasm that would set off a trigger to an unfortunate whose gun happened to be pointed at his own head. No (although I’m sure you can find these conspiracies on Moat’s popular facebook fan page). Rather, a bit of shock therapy could shake a bit of sense into the bugger.

Subsequently, I would like to prescribe a bit of shock therapy to our health minister Andrew Lansley if he expects fatty food producers to take it upon themselves to cut salt, sugar and spice (and everything that’s nice) out of the nations food, now that the regulators are out.

With no regulation, why wouldn’t Dave Osler be right to say:

“Anti-obesity campaigning in Britain will soon be brought to you courtesy of Bombay Bad Boy-flavour Pot Noodles, Snickers, Golden Wonder and Fanta. Or at least it will be, if Andrew Lansley gets his way.”

Lansley recently told food manufacturers that if they were to be nutritionally responsible then they could be spared regulation. The next week it is revealed that the Food Standards Agency is to be abolished.

This has been met with calls that government has “caved in to big business”. Either that or food manufacturers, in a week, suitably impressed Lansley that they would be culinary ethical (to coin a phrase). Although Labour health spokesman, and leadership candidate, Andy Burnham, probably hit the nail on the head when he said that: “It does raise the question whether the health secretary wants to protect the public health or promote food companies.”

The same food companies that Professor Terence Stephenson, president of the Royal College of Paediatrics and Child Health, among many other leading doctors, asked Lansley and the government to stop giving a platform to by allowing them to advertise their products during sports events, shortly after Lansley announced that manufacturers of crisps and confectionery could play a central role in the Change4Life campaign.

One of the main beneficiaries of austerity, be that the killing off of the FSA or for customer popularity, is bad foodies. McDonalds, it was reported in 2008, defied the credit crunch by recruiting 4,000 people to fill ‘McJobs’.

KFC, also back in 2008, according to one report, enjoys “strong growth as Britons are drawn towards cheaper eat-out deals in the face of the recession.”

There were gasps of horror when George Osborne announced OBR predictions of 2m more private sector jobs within five years(although how much of this should be taken at face value is questionable, with the early departure of Sir Alan Budd, whose parting gift was to say the Treasury needs more outside regulation – and he should know). The McJob could be the future; which means less unionisation, less workers rights, and an almost robotic allegiance to the French fry.

There has been one overall winner of this period of negative economic growth, and that is bad food. Unhealthy people die, so why wouldn’t our government want to cosy up to the winners. Lets just hope the public isn’t reminded that Andrew Lansley is being bankrolled by some dreaded private health firm now… (whoops).