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!
UK Q4 GDP contracts unexpectedly by 0.5 pct qq
Comments
-
!!!!!!!
Are you really that gullible?
You need to read mervs article...just because it has effect on the pay packet doesnt mean its NOT necessary.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
wage price/inflationary spiral, just what we need, not to mention all the strikes we'll have to go through before anyone gets a pay rise. Now thats really something to look forward too
Yadda yadda, if you want more money, educate yourself, train yourself and get a more responsible job, most people want more for the same.
Year after year, I ask for above inflationary payrises, simply due to increased pressures and responsibilities I have taken on, along with being far more efficient at existing responsibilities.
I personally dont care about inflation, I just care about bettering myself and aiming high.
I have friends and a gf who says she took on a management role and it wasnt worth the hassle, for the little extra money, however, if she stuck it out, her manager has just left and she could have filled that role with double pay.
Its horses for courses, you only ever get out of something what you put into it.
I only had one pay freeze and I still got a notional payrise, due to extra responsibility taken onPlan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
I think realistically for most people, the Mash has once again hit the nail on the head:
http://www.thedailymash.co.uk/news/society/living-standards-plummet-to-early-21st-century-levels-201101263471/Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
VAT has risen but income tax is coming down.
Making work the better option... in other words
No longer will it be viable to not work, live off benefits, and run a subaru impreza turbo, while watching a 62" plasma/LCD, and playing xbox live all day long!
Sorry, work, should pay. Simples.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Yes it will, the deficit includes debt repayment.
The deficit is planned to be about £20bn in 2015, whereas debt repayment is around £50-80bn.
Um, no, no it won't.
You are simply mistaken on this point, sir.
It is black and white: if you have a surplus, you are reducing the total amount of debt you owe, and if you have a deficit, you are increasing it.
The fact we are making some debt repayments does not mean that the sum total of debt is reducing.
We are borrowing more money than we are collecting. That is what a deficit means. If the deficit is 3% of GDP, in total we are spending 3% of GDP more each year than we collect in tax. The spending includes money spent to repay interest on any existing government debt.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Except the Tories, Lib Dems and Labour continue to promote benefits over work based on their actions! While public sector workers get a pay freeze in the next two years the benefits bill will rise at 3% per annum (and this projection is based on falling unemployment). During the recession private sector pay was flat while those on benefits still got their 3-4% per annum 'pay' rise. If politicians were serious about incentivising work they'd announce nominal freezes in all benefits for rest of this parliament.Making work the better option... in other words
No longer will it be viable to not work, live off benefits, and run a subaru impreza turbo, while watching a 62" plasma/LCD, and playing xbox live all day long!
Sorry, work, should pay. Simples."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Except the Tories, Lib Dems and Labour continue to promote benefits over work based on their actions! While public sector workers get a pay freeze in the next two years the benefits bill will rise at 3% per annum (and this projection is based on falling unemployment). During the recession private sector pay was flat while those on benefits still got their 3-4% per annum 'pay' rise. If politicians were serious about incentivising work they'd announce nominal freezes in all benefits for rest of this parliament.
Im not talking about state pensions... they should rise...
Job seekers, should rise.
Im talking about the scroungers, who live in ridonkulous houses that are being paid for by the state since they have 8 kids. Im talking about the ones who bum around without having intention to work.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
The U.K. economy shrank slightly less than previously thought in the fourth quarter of 2010, while a fall in disposable income suggests households were being squeezed by high inflation and stagnant wage growth, official data showed Tuesday. In its final reading of the economy's fourth-quarter performance, the Office for National Statistics said gross domestic product fell 0.5% between October and December after expanding 0.7% in the third quarter. The increased estimate was due to slightly improved performances from the production, services, and construction industries.
An ONS official said the disruption caused by December's freezing weather was estimated to have had a negative contribution to growth of 0.5 percentage point, which means without the snow GDP would have been broadly flat. However, economists said the small increase doesn't fundamentally change the fact that the U.K. economy stalled in the fourth quarter.
The ONS said household real disposable income fell by 0.5% in the fourth quarter, compared with a rise of 0.5% in the third quarter. The drop in real disposable income is a result of households being squeezed between inflation of 4.4%—more than twice the Bank of England's 2% target—and stagnant wage growth.
WSJ
It had of course been revised down from -0.5 to -0.6 this February.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »The U.K. economy shrank slightly less than previously thought in the fourth quarter of 2010, while a fall in disposable income suggests households were being squeezed by high inflation and stagnant wage growth, official data showed Tuesday. In its final reading of the economy's fourth-quarter performance, the Office for National Statistics said gross domestic product fell 0.5% between October and December after expanding 0.7% in the third quarter. The increased estimate was due to slightly improved performances from the production, services, and construction industries.
An ONS official said the disruption caused by December's freezing weather was estimated to have had a negative contribution to growth of 0.5 percentage point, which means without the snow GDP would have been broadly flat. However, economists said the small increase doesn't fundamentally change the fact that the U.K. economy stalled in the fourth quarter.
The ONS said household real disposable income fell by 0.5% in the fourth quarter, compared with a rise of 0.5% in the third quarter. The drop in real disposable income is a result of households being squeezed between inflation of 4.4%—more than twice the Bank of England's 2% target—and stagnant wage growth.
WSJ
Will this be on the front page of the guardian like when it was revised down 0.6% at the first revision?I am not a financial expert, and the post above is merely my opinion.:j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards