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Household Real Incomes to Rise
HAMISH_MCTAVISH
Posts: 28,592 Forumite
UK households will see a rise in real income levels next year for the first time since the onset of the financial crisis, a study suggests.
Taking inflation into account, incomes are set to rise by 0.5% in 2013, according to the Centre for Economics and Business Research (CEBR).
But they will drop by 0.2% this year, the group said.
Households have struggled in recent years with low or no wage rises and relatively high inflation.
http://www.bbc.co.uk/news/business-19616946
Taking inflation into account, incomes are set to rise by 0.5% in 2013, according to the Centre for Economics and Business Research (CEBR).
But they will drop by 0.2% this year, the group said.
Households have struggled in recent years with low or no wage rises and relatively high inflation.
http://www.bbc.co.uk/news/business-19616946
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »Taking inflation into account, incomes are set to rise by 0.5% in 2013, according to the Centre for Economics and Business Research (CEBR).
This comes from Hamishs favourite house price rampers (CEBR) who each year say house prices are to rise loads and are wrong.
With real inflation rising (unless you eat cheap fried chicken takeaways), public sector wages frozen and the economy weakening I doubt they will be right.
Also you do know they are a lobby group part funded by the property industry. By the way below are the last 3 property predictions by them going back 3 years. Strangely very optimistic like the wage story above.
2012 Prediction
Cebr updated house price forecasts still show 14% growth from 2011 to 2015
http://www.cebr.com/?p=562
2011 prediction
UK house prices are expected to jump 16% over the next four years to take prices above 2007’s high, experts have predicted.
2010 prediction
UK housing market is likely to get a much-need boost as the Centre for Economics & Business Research (CEBR) has predicted that house prices would rise by 5.3 per cent in 2010.
http://topnews.co.uk/23864-uk-house-prices-will-jump-53-2010-cebr:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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Well that's a lot closer than your legendary 50% off house prices by Xmas signature Brit.
And talking of signatures, time to update yours....;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
This comes from Hamishs favourite house price rampers (CEBR) who each year say house prices are to rise loads and are wrong.
With real inflation rising (unless you eat cheap fried chicken takeaways), public sector wages frozen and the economy weakening I doubt they will be right.
Also you do know they are a lobby group part funded by the property industry. By the way below are the last 3 property predictions by them going back 3 years. Strangely very optimistic like the wage story above.
2012 Prediction
Cebr updated house price forecasts still show 14% growth from 2011 to 2015
http://www.cebr.com/?p=562
2011 prediction
UK house prices are expected to jump 16% over the next four years to take prices above 2007’s high, experts have predicted.
2010 prediction
UK housing market is likely to get a much-need boost as the Centre for Economics & Business Research (CEBR) has predicted that house prices would rise by 5.3 per cent in 2010.
http://topnews.co.uk/23864-uk-house-prices-will-jump-53-2010-cebr
Is anyone else a member of your First Time Buyer Strike Club, or is it just you?"Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
HAMISH_MCTAVISH wrote: »Well that's a lot closer than your legendary 50% off house prices by Xmas signature Brit.
And talking of signatures, time to update yours....;)
Closer?
They are not even in the right direction.
Anyway, I don't agree with the CEBR, purely as they base their sums mainly on lower inflation. It's finger in the air stuff really, but kudo's to them for nailing their flag to the mast.0 -
HAMISH_MCTAVISH wrote: »Well that's a lot closer than your legendary 50% off house prices by Xmas signature Brit.
One prediction wrong after never heard of slashing interest rates to 0.5% compared with dozens of wrong cebr predictions which aren't actually predictions but property ramping advertising.
Come on Hamish when will you actually getting embarrassed to use the CEBR as a source?
Construction
Employed
Bull$hit
Rampers:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Is anyone else a member of your First Time Buyer Strike Club, or is it just you?
I'm not a member, since I've already made a big enough pile from my house.
In Brit's case, though, I think it's one of those Groucho Marx syndromes of not joining a club that would have him as a member. Since Brit probably cannot afford a house, claiming to have principles that prevent it is an attempt to save face.
I'm currently on strike from buying a private jet, and playing wing half for England.0 -
Hey Brit it's your birthday 50% off now it's your birthday0
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You can smell Hamish's desperation.0
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You can smell Hamish's desperation.
Way hay! Another notch up on the bear "desperation index".
Well done wookie.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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