OECD: UK Growth stronger than rivals

Rochdale_Pioneers

Shall I report myself for abuse. Clearly my talking economics in an economics forum is an outrage. Or if not that, the facts abuse the posters frothing on about Britain being ZimbabGreeceLand.

globalds

This is only from personal experience and no hard data.

But construction seems to be picking up.
We have seen our first new tender related work in 2 years.

People are starting to build things again.

Really2

globalds wrote: »

This is only from personal experience and no hard data.

But construction seems to be picking up.
We have seen our first new tender related work in 2 years.

People are starting to build things again.

Here is some evidence for you.
http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article7088635.ece

he CIPS/Markit Construction Purchasing Managers’ Index, which measures construction activity, rose to 53.1 points in March, up from 48.5 in February. It was the first month of growth since February 2008.

The rise was led by an increase in the building of commercial properties and housing, which recorded a seventh consecutive monthly rise.

Exocet

HAMISH_MCTAVISH wrote: »

Yes the recovery is still fragile and must be nurtured, but QE has stopped, support is being gradually withdrawn (car scrappage scheme ended, etc), and the recovery is accelerating regardless.

This may seem a silly question, but does the QE have to be paid back or is it just like a really big present to everyone?

HAMISH_MCTAVISH

Exocet wrote: »

This may seem a silly question, but does the QE have to be paid back or is it just like a really big present to everyone?

:rotfl:

QE is not a loan. It is simply the BoE creating money out of thin air to buy secondary assets in the markets, which then injects liquidity into the wider economy.

QE is no more and no less than another weapon the bank has at it's disposal to influence liquidity, and therefore inflation, within the wider economy. Just like interest rates.

If the bank determines an excess of liquidity is causing inflation in the future, it can choose to sell the assets, mopping up liquidity in the process, and then destroy the "printed money" it gets back. Or it can choose to leave the excess liquidity in the wider economy, and control inflation through interest rates.

It's just like a really big present to everyone.

Exocet

HAMISH_MCTAVISH wrote: »

:rotfl:

QE is not a loan. It is simply the BoE creating money out of thin air to buy secondary assets in the markets, which then injects liquidity into the wider economy.

Oh right. My wife does that. But I still have to pay it back. Maybe that's why taxes are going up?

markharding557

Nutrisse wrote: »

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

IMBECIL! report that-make my day:rotfl:

markharding557

Improved growth is excellent news.
I just hope it is not some desperate stunt by labour

HAMISH_MCTAVISH

Exocet wrote: »

Oh right. My wife does that. But I still have to pay it back. Maybe that's why taxes are going up?

I heard your home life was taxing at the best of times.;)

Can't believe you had me going there......:T

nembot

For gods sake, the article says "The OECD is predicting" that means they have no !!!!!!! idea Hamish, just like you don't.

You may want stuff to happen and some would say in an almost obsessive way, doesn't mean by any stretch of the imagination it will, no matter how much you need it.

Think you need to grasp the concept of some simple words, maybe use "may" instead of "will".

That way you won't look like a silly billy, when it all ends in tears.