LIVE LIKE IT IS YOUR LAST DAY!

The Bank of England have announced a slashing in interest rates to 3%. This means:

1. The economy is in dire straits hence the need to try and stimulate consumer demand. A bold move by the MPC, but in my opinion one that was needed. I hope the banks will pass the interest savings on loans to customers which will help small businesses in these tough times.

2. Possibly rates will move lower, perhaps towards zero %, as they have done in Japan to encourage people to go and spend....we are not that bad yet, but you never know?

2. I don't think it will change the medium term out look, house prices are unlikely to rocket as a result of this, there will be further bad news on housing over the next 12 months, as people feel poorer as their house values drop further.

So what should you do in all this gloom?

My opinion is to not fret. Don't let the negative media sentiment get you down. Now, right now, there are millions of opportunities. Whilst the media gets everyone to live their lives in fear, make sure you choose not to.

This economic downturn represents a MASSIVE opportunity to do something BIG and SPECIAL. Others will tell you not to, but if you have an idea, and have thought it through well enough, now maybe the time to TAKE THE ACTION REQUIRED! Let me know if I CAN HELP!

GO FOR IT! Live as it is your last day!