Glad it helped
Just to say I'm glad my little post helped and try not to stress about it all - the world isn't going to stop flying around in aeroplanes it's just the rate of growth has slowed for the next 12-18 months. For some reason I do wonder if this could all blow over quite quickly - faster than the analysts think. As an example the recent cut in mortgage rates for anyone on a tracker deal with a sizeable mortgage (which is most people I know!) has just given many of us a far bigger pay rise than our employer this year - I reckon a 2% cut in interest rates is worth £400 a month net to me. People have got used to changing their mobile phone every 12 months, upgrading to the latest IPod and wanting the latest playstation. They have also got used to flying around Europe on aeroplanes at the drop of a hat cheaply. That consumer behaviour won't change in most people because they don't want to give up their 'lifestyle'.
Clear skies to all of you,
Desk-pilot