We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE News: UK economy out of recession – just

1…6791112

Comments

  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Thrugelmir wrote: »
    A drop in the standard of living today would not take us back to the 30's.

    Many people could cut back yet still live comfortable lives.

    Indeed. I'd go so far as to say many should cut back, & would still lead comfortable lives...
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 26 January 2010 at 12:26PM
    Could be that the neutral Base rate for the economy has wratcheted down a couple of % to 3% , maybe good news for those on long term trackers, as Tommy Trinder used to say 'You lucky people' :beer:
    Strange how this desperate recession that was supposed to mean mass evictions for house buyers and easy street for the bears and STR brigade, may actually achieve the opposite :think:

    ”Fiscal consolidation will likely intensify over coming quarters and in a weak growth environment the likely result is that interest rates will be kept low to compensate,” said James Knightley, economist at ING.
    ”As a result, rather than seeing the Bank of England raise rates to between 5 and 6 per cent as in previous cycles, the eventual peak in UK rates this time round may be closer to between 3 and 4 per cent.”

    http://www.ft.com/cms/s/0/35a88e96-09b3-11df-b91f-00144feabdc0.html
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • nembot
    nembot Posts: 1,234 Forumite
    Things must be tough when you have to pin your future and reputation on 0.1%
  • teddyco
    teddyco Posts: 397 Forumite
    Part of the Furniture Combo Breaker
    The UK is still in recession folks! Don't believe the hype with the General Election so close.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    teddyco wrote: »
    The UK is still in recession folks! Don't believe the hype with the General Election so close.

    mm so they put 0.1% growth instead of the 0.4% forecast.

    Not very good at these conspiracies are they? if they had posted 100,000,000% we would all be voting labour.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 26 January 2010 at 2:06PM
    "scarcely a recovery at all"

    http://news.bbc.co.uk/1/hi/business/8480889.stm


    "we are badly prepared for recovery"

    http://news.bbc.co.uk/1/hi/uk_politics/8480577.stm
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    teddyco wrote: »
    The UK is still in recession folks! Don't believe the hype with the General Election so close.

    Why ???????
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    StevieJ wrote: »
    Why ???????


    I suppose because this figure is preliminary and will have 2 revisions. Revisions can go down aswell as up. However, I suspect that the ONS will be leant on and wouldn't dare revise this downwards.
  • dealsearcher
    dealsearcher Posts: 756 Forumite
    We may not still be technically in a recession but at virtually 0% it is stagnation.

    Nothing much for the government to crow about.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    All government figures are lies and misinformation.

    totally meaningless.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture