Recent data suggest the slowdown has already started. U.K. house prices dropped the most in 18 months in September, and the number of claims for unemployment benefits rose in August for the first time in seven months.
Royal Bank of Scotland Group Plc, the nation’s biggest government-controlled bank, said this month it will eliminate 3,500 U.K. jobs to reduce costs. The Edinburgh-based lender swung into profit in the first six months of the year for the first time since 2007.
I don't like this, because I have some plans related with the UK. Unfortunately I see that unemployment rate will rise. That means the consumers will reduce, and then the following things will also occur, however in Germany the unemployment rate is falling. I'll watch what will happen next, as further as questions appears 'What will happen next?'.
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