OECD: UK Growth stronger than rivals

Harry_Powell

I would have thought that 'he' would get to most right-minded people who simply want to use this board to discuss the economy and house prices?

StevieJ

Emy1501 wrote: »

Good news on the economy may mean quicker interest rate rises and government intervention taken away. t.

You cheer on the double dip then :eek:

tomterm8

Nutrisse I notice that you have never posted here, except to report abuse. I wonder, to be honest, whether you have a life. What you are doing is sad and pathetic. Please go away. Or, chose to make a contribution to this board by actually saying something relevant to the topic of this board.

Emy1501

StevieJ wrote: »

You cheer on the double dip then :eek:

Falling house prices does not mean double dip recession.

IveSeenTheLight

StevieJ wrote: »

You cheer on the double dip then :eek:

That's a bit harsh StevieJ.

Government interventions being taken away and interest rate rises are surely a sign of a recovering/ed economy.

Emy1501 wrote:

Falling house prices does not mean double dip recession.

Can't see how it is guaranteed that interest rate rises and the reduction of government interventions will mean falling house prices, especially if this means the economy has recovered.

Is there a historical reference you can use for the UK to show sustaing house price falls in a growing economy?

Emy1501

IveSeenTheLight wrote: »

That's a bit harsh StevieJ.

Government interventions being taken away and interest rate rises are surely a sign of a recovering/ed economy.



Can't see how it is guaranteed that interest rate rises and the reduction of government interventions will mean falling house prices, especially if this means the economy has recovered.

Is there a historical reference you can use for the UK to show sustaing house price falls in a growing economy?

I'm not saying falls are guaranteed. I believe though that the crash in late 2007 started because of peoples inability to roll over cheap debt. The Wilsons a prime example.

This won't change with rising interest rates and a much more robust economy will hurt these people. I suspect many homeowner are happy with a failing economy in view of the IR's they are paying.

jamespir

Nutrisse wrote: »

[SIZE=+1]Abuse Report Received [#767965][/SIZE]

sorry but why do you keep reporting people why cant you just join in the conversation

StevieJ

Emy1501 wrote: »

I'm not saying falls are guaranteed. I believe though that the crash in late 2007 started because of peoples inability to roll over cheap debt. The Wilsons a prime example.

Because of bank funding (almost going broke) problems, not because interest rates went up eg Northern Rock

Emy1501

StevieJ wrote: »

Because of bank funding (almost going broke) problems, not because interest rates went up eg Northern Rock

Some who had got cheap mortgages between 2004-2007 and those who liked to mew found between late 2007 and early 2009 that they could not role over their debt cheaply and could nothing better than the SVR. The wilson have admitted they would have gone bust if they had not been able to go on 2.25% B&B base rate.

There are those homeowners who the downturn has not affected who will happy with the poor state of the economy to kep IR's low.

With the SLS disappearing over the next few years mortgages rates are not going anywhere south quickly and rising rates will cause further problems.

You only need a couple of hundred thousand to struggle for there to be problems. Especially if the government can not justify SMI's etc because of well running economy.

Rochdale_Pioneers

So, in summary, the UK is outgrowing the Eurozone in Q4 (0.4% vs 0.0%) following the final set of revisions from the statisticians. Not only that but the OECD forecast our growth will accelerate whilst half of Europe slips back into recession.

Hate the man or not, you can't argue with the facts. Britain has suffered lower rates of unemployment and has recovered more strongly than the Eurozone, and that's down to the decisions made by Brown. Decisions opposed by the Tories.

It makes for facinating viewing going into a General election. What's going to tip Britain back into recession - £6bn in NICs or an axe taken to the public sector and a million more out of work?