Preparing for a Potential Banking Crisis
03/12/23 • 34 min
TO BE CLEAR: I AM NOT EXPECTING A BANKING CRISIS IN THE UK ANYTIME SOON. - 12 March 2023
Watchthe video of this podcast here: https://youtube.com/live/0KNiCUswZGM
Banking Uncertainty Persists
https://www.bloomberg.com/news/articles/2023-03-12/markets-at-risk-of-more-upheaval-as-banking-uncertainty-persists
Hundreds of UK firms will find they can't pay bills or staff on Monday.
https://www.bbc.co.uk/news/business-64930944
https://www.telegraph.co.uk/business/2023/03/12/treasury-planning-cash-lifeline-companies-hit-silicon-valley/
This is a public livestream on Sunday at 9pm in response to the Bank of England intervening over the collapse of the London branch of Silicon Valley Bank.
https://www.politico.eu/article/silicon-valley-bank-collapse-sets-off-scramble-in-london-to-shield-uk-tech-sector/
However, it would be foolish to disregard the tremor in the American banking sector (2nd largest US bank failure in history)
The purpose of this video is to share my thoughts with anyone who is interested about what's happening, what it might mean, and what, if anything, anyone needs to do about it.
All my links: https://linktr.ee/movoinghomewithcharlie
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
TO BE CLEAR: I AM NOT EXPECTING A BANKING CRISIS IN THE UK ANYTIME SOON. - 12 March 2023
Watchthe video of this podcast here: https://youtube.com/live/0KNiCUswZGM
Banking Uncertainty Persists
https://www.bloomberg.com/news/articles/2023-03-12/markets-at-risk-of-more-upheaval-as-banking-uncertainty-persists
Hundreds of UK firms will find they can't pay bills or staff on Monday.
https://www.bbc.co.uk/news/business-64930944
https://www.telegraph.co.uk/business/2023/03/12/treasury-planning-cash-lifeline-companies-hit-silicon-valley/
This is a public livestream on Sunday at 9pm in response to the Bank of England intervening over the collapse of the London branch of Silicon Valley Bank.
https://www.politico.eu/article/silicon-valley-bank-collapse-sets-off-scramble-in-london-to-shield-uk-tech-sector/
However, it would be foolish to disregard the tremor in the American banking sector (2nd largest US bank failure in history)
The purpose of this video is to share my thoughts with anyone who is interested about what's happening, what it might mean, and what, if anything, anyone needs to do about it.
All my links: https://linktr.ee/movoinghomewithcharlie
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
Previous Episode
Five Facts Friday - You can't fight the facts! RICS, ONS, BestAgent, Halifax
Five Facts on Friday 10th March 2023 - Watch the video of this podcast here: https://youtube.com/live/r_8XSEFQMik
1. BestAgent Housing Data - Median Sold Asking Price Down 1.75% in 2 weeks in March
https://bestagent.news/country/england/
2. RICS Feb Survey - Worst price sentiment since 2009
https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/2._WEB_February_2023_RICS_UK_Residential_Market_Survey.pdf
3. ONS: Mortgage costs up 61% year to Dec 22 https://www.ons.gov.uk/peoplepopulationandcommunity/housing/articles/monthlymortgagerepaymentsup61foraveragesemidetachedhomeintheuk/2023-03-08
4. Halifax Feb Prices Up 1.1%
https://www.halifax.co.uk/assets/pdf/february-2023-house-price-index.pdf
5. Charlie says agents called him to say lots more property coming on the market... (you'll just have to decide if you believe him or not!)
but it is a fact that the Disregard the Guff merch is out! https://movinghomewithcharlie.myshopify.com/
Mortgages here: https://mhwc.co.uk/mortgage
All my other links including Discord: https://linktr.ee/movinghomewithcharlie
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
Next Episode
Why prices will keep falling regardless. Ignore news. Make your move.
The downward trend in prices will continue for a long time yet, whatever happens. In this video I explain why.
Watch the video of this podcast: https://youtu.be/hO-_tcdSjwY
Moody's downgrades entire banking sector
https://www.bbc.co.uk/news/business-64949786
Facebook (Meta) to lay off 10,000 more staff
https://www.bloomberg.com/news/articles/2023-03-14/meta-to-cut-10-000-jobs-eliminate-5-000-more-vacant-positions?srnd=premium-uk
Apple Cost Cutting Story
https://www.bloomberg.com/news/articles/2023-03-14/apple-delays-bonuses-for-some-divisions-as-it-scrutinizes-costs-aapl?srnd=premium-uk
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
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