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Indian Summer for the UK

http://www.bbc.co.uk/news/business-18852708

Yes unbelievably they are referring the UK economy.

I would believe the headline more if it actually referred to the weather.

Whilst the rate of inflation may well have fallen over the past few weeks, while it continues to run in line with general wage inflation things will not ease for anyone they just may not become even more difficult.

The only positive thing at the moment is the reduction in the price of crude oil, however pump prices are still remaining stubbornly high and even went up a little over the past couple of days around my way.
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Comments

  • MacMickster
    MacMickster Posts: 3,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It feels more like monsoon season, in more ways than one.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • Puddleglum
    Puddleglum Posts: 851 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Well..... At least we are much better off than the Greeks at the moment.

    That's what I said to myself when we were told that after 2 years of no pay rise we will get 1% starting in our August pay packets.

    There are probably plenty of people in this country who would be grateful for 1% atm too.
    "A thousand candles can be lit from a single candle without shortening the life of that candle."

    I still am Puddleglum - phew!
  • Puddleglum
    Puddleglum Posts: 851 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Actually, sudden thought - benefits rise in line with inflation- yes? We are in a double dip recession which equals more people on benefits so we are relying on these unfortunates to pull us out of recession into the Indian Summer. Recovery sorted.
    "A thousand candles can be lit from a single candle without shortening the life of that candle."

    I still am Puddleglum - phew!
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    I personally think it's a result if the economy rides through a couple of years of stagnant or low growth.

    It would mean an absence of any further shocks from the Eurozone or the financial sector unearthing more bad news, or turbulence in the middle East sending oil prices up once again.

    Hmm, are my expectations low enough?!
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    kabayiri wrote: »
    I personally think it's a result if the economy rides through a couple of years of stagnant or low growth.

    It would mean an absence of any further shocks from the Eurozone or the financial sector unearthing more bad news, or turbulence in the middle East sending oil prices up once again.

    Hmm, are my expectations low enough?!

    A couple of years:think:

    Since this whole mess started we haven't come out of recession in real terms, I accept 0.1% will have been found somewhere to pretend otherwise.

    The fact that indicators were no doubt overstated by some margin by false banking figures in the good years too.

    Indian Summer I very much doubt comparing like with like i.e. stripping out the Olympic effect.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The only positive thing at the moment is the reduction in the price of crude oil, however pump prices are still remaining stubbornly high and even went up a little over the past couple of days around my way.

    I thought it was just me seeing things, but I was sure a couple of pence had been added. Seems I wasn't the only one!

    Can't really understand why though.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    http://www.bbc.co.uk/news/business-18852708

    Yes unbelievably they are referring the UK economy.

    They are predicting zero growth for 2012 and 1.6% for 2013 so it's not as if they've forecasted a boom.

    The only controversial thing I can see is the use of the words 'Indian Summer' - maybe they just wanted to get a topical weather reference to draw in a bigger readership.
  • MacMickster
    MacMickster Posts: 3,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    wotsthat wrote: »
    The only controversial thing I can see is the use of the words 'Indian Summer' - maybe they just wanted to get a topical weather reference to draw in a bigger readership.

    It may actually be appropriate as I find that the shock of a long hard winter is always that much greater after a bit of an Indian Summer.

    Time to start getting out my (financial) thermal underwear I think.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    wotsthat wrote: »
    They are predicting zero growth for 2012 and 1.6% for 2013 so it's not as if they've forecasted a boom.

    The only controversial thing I can see is the use of the words 'Indian Summer' - maybe they just wanted to get a topical weather reference to draw in a bigger readership.

    Yes but that does mean they are forecasting growth for some part of this year because don't forget we are already in negatives, so to get to zero growth there needs to be some positive growth to get us back to zero.
    Can you see that happening?
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Yes but that does mean they are forecasting growth for some part of this year because don't forget we are already in negatives, so to get to zero growth there needs to be some positive growth to get us back to zero.
    Can you see that happening?

    Of course I can see it happening. Q1 growth was -0.3%. It's hardly the most bullish forecast to suggest that we might end up at 0% by the year end.
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