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UK Q4 GDP contracts unexpectedly by 0.5 pct qq

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Comments

  • blueboy43
    blueboy43 Posts: 575 Forumite
    ukcarper wrote: »
    I thought they were not increasing employer’s contribution

    http://www.hmrc.gov.uk/rates/nic.htm

    They are from 12.8% to 13.8%.

    However they have increased the threshhold.

    Broadly this means employers will pay more (employers NI) if an employee earns more than £470 a week and less if they earn less than this.
  • smeagold
    smeagold Posts: 1,429 Forumite
    gagahouse wrote: »
    With all the hoopla the debt including financial sector interventions has been overlooked. Now for the first time we can see the total potential govt liability and it doesn't look pretty - 155% of GDP or £2322.7 billion.

    http://www.statistics.gov.uk/cci/nugget.asp?id=206

    Anyone saving up to help pay for that?

    works out at £39,000 per head of population and £80,000 per tax payer(incuding those employed by the state)

    money well spent.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    RenovationMan wrote: »
    All I know is that its looking good for my oversized mortgage. :D

    It's interesting that generally all mortgaged homeowners seem to care about is IR's staying low, regardless of the consequences nor the reasons why we got to such a position.

    I still believe that the way things are going most of the money being saved on over sized mortgages will be eaten up in essentials as the pound in your pocket becomes worth less and less.
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    smeagold wrote: »
    Anyone saving up to help pay for that?

    works out at £39,000 per head of population and £80,000 per tax payer(incuding those employed by the state)

    money well spent.
    It shows how important it is to decrease the country's debt.
  • smeagold
    smeagold Posts: 1,429 Forumite
    AndyGuil wrote: »
    It shows how important it is to decrease the country's debt.

    The countries debt will never decrease.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    smeagold wrote: »
    The countries debt will never decrease.
    Atleast tackling the deficit and removing it completely will stop it increasing. There will be opportunities to decrease the debt in future without the deficit.
  • smeagold
    smeagold Posts: 1,429 Forumite
    let me rephrase that:

    The countries debt will NEVER decrease
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    gagahouse wrote: »
    With all the hoopla the debt including financial sector interventions has been overlooked. Now for the first time we can see the total potential govt liability and it doesn't look pretty - 155% of GDP or £2322.7 billion.

    http://www.statistics.gov.uk/cci/nugget.asp?id=206

    Including bank debts that will be offloaded when the banks are floated off.
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    smeagold wrote: »
    let me rephrase that:

    The countries debt will NEVER decrease

    Refer post above :)
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    AD9898 wrote: »
    It's interesting that generally all mortgaged homeowners seem to care about is IR's staying low, regardless of the consequences nor the reasons why we got to such a position.

    I still believe that the way things are going most of the money being saved on over sized mortgages will be eaten up in essentials as the pound in your pocket becomes worth less and less    .

    Be dire for those who are renting then :eek:
    '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
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