According to the Governor of the Bank Of England the economy of the country is in danger of falling in to recession and the nice decade is behind us. Sadly I fear he may well be right and the signs of the slowdown can be seen quite clearly even in Wycombe.

The housing market in the area does not appear to be very buoyant indeed there is a house for sale in my road that has been on the market for months without selling. Usually houses in the locality are snapped up by buyers eager to invest in property in the hope of making a fast buck on a buy to let scheme but the bottom appears to have fallen out of that little earner.

On this site yesterday it was reported that the number of homeowners facing repossession in South Bucks has rocketed by 26% in the last year. This figure does not surprise me. Stand by the war memorial in the town centre and look towards Frogmoor and you will see the awful sight of boarded up shops standing empty. Hardly the sight of prosperity is it?

Since the opening of the complex the town centre has been decimated and from what I can see not even the complex is doing very well. It may have created 1,500 jobs when it opened but a friend of mine tells me that some of those workers are now being laid off.

The good times appear to be drawing to an end and a rocky road awaits. With little disposable income thanks to rising bills I for one am tightening my belt when it comes to spending and sadly no doubt there are many people in a similar situation. Let’s hope things don't turn out to be as bad as forecast but at the moment I am fearing the worst.

Are you worried by a looming recession?