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UK economy set to grow faster than any other western economy

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Comments

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Kennyboy66 wrote: »
    I suspect that we will have to start making employers pay NI on all earnings rather than that above secondary threshold (£148 a week). Obviously not in one fell swoop & maybe exempt small employers < 5 employees.

    We are basically encouraging employers to provide low paid, part time jobs through the tax system.

    What on earth is the point in that ?

    Reduces the unemployment figures. Good for the statistics.
    "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
  • antrobus
    antrobus Posts: 17,386 Forumite
    Graham_Devon wrote: »
    ...However, taking it as stated, is the UK economy growing faster than any other western economy, pumped up on optimism, a good thing? ...

    I might be guessing here, but you're a glass-half-empty kinda guy aren't you?
    Graham_Devon wrote: »
    .... But what's driving that growth behind the scenes? ...

    Growth in the business, professional and support services sector apparently.
  • michaels
    michaels Posts: 29,562 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    antrobus wrote: »
    I might be guessing here, but you're a glass-half-empty kinda guy aren't you?



    Growth in the business, professional and support services sector apparently.


    And even construction appears to be booming...
    I think....
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    antrobus wrote: »
    I might be guessing here, but you're a glass-half-empty kinda guy aren't you?

    Maybe, but I'm just asking a question. I don't feel it warrants an attack?


    Growth in the business, professional and support services sector apparently.
    Yes, but growth based on what?

    Theres something else growing at what some in the finance industry suggest is "an alarming rate".
  • antrobus
    antrobus Posts: 17,386 Forumite
    Graham_Devon wrote: »
    Maybe, but I'm just asking a question. I don't feel it warrants an attack?

    So was I.:)
    Graham_Devon wrote: »
    ...Yes, but growth based on what?..

    Based on the fact that companies in the business, professional and support services sector are currently selling more services than they were before I imagine.
    Graham_Devon wrote: »
    ...Theres something else growing at what some in the finance industry suggest is "an alarming rate".

    I'm intrigued. What is it do you think it is that's going on?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »
    The steady decline year on year of wages, equality and living conditions in the UK is certainly noticeable.

    The world has changed since the early 90's. If the UK is to compete globally then it has to be competitive. As a consequence unskilled / low skilled work won't pay well. Growing number of manufacturers for example are looking to return home from overseas. As productions delays and increasing costs have outweighed any cost advantage from having factories overseas. Individuals themselves will have to take responsibility for learning skills, trades etc in order to obtain a better standard of living. The Nanny state doesn't work in this regard.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    I asked whether growing faster than any other western economy was a good thing. As I said, looking at the words only sounds good. But what's driving that growth behind the scenes?

    Yes it's a very good thing. Even the most bearish of commentators have grudgingly admitted that there is a recovery happening. From what I see in the financial press the recovery is being seen as sustained and broad based.
    Graham_Devon wrote: »
    Theres something else growing at what some in the finance industry suggest is "an alarming rate".

    I assume you're eluding to your 'bubble' in house prices. If you think the recovery is built only on HPI then the evidence isn't supportive. Probably the increase in house prices is due to the recovering economy highlighting the distinct lack of supply.
  • antrobus
    antrobus Posts: 17,386 Forumite
    Graham_Devon wrote: »
    ... The steady decline year on year of wages, equality and living conditions in the UK is certainly noticeable.

    Now that you mention it, there has actual be an increase in equality (as measured by the Gini coefficient) in the UK since 2010. In fact, the last time I looked the increase in equality was sufficient to reverse all the increase in inequality that occurred under the last Labour administration.
  • thecaveman
    thecaveman Posts: 110 Forumite
    oh fabulous, at last some good news!!
    Like to post about competitions - if you have found it helpful, please give me "Thanks"! Also interested in house keeping, money saving, technology, cosmetic industry, reading, charity, family.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    antrobus wrote: »

    I'm intrigued. What is it do you think it is that's going on?

    Debt is increasing. Not only a personal level, but also on a government level.

    Without this debt, would things be soaring ahead?
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