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Bank of England has upgraded its growth forecast ....

2456

Comments

  • Rinoa
    Rinoa Posts: 2,701 Forumite
    In other news, unemployment falls by 48000.

    Number of people in work rose by 177,000 since last month!


    http://www.bbc.co.uk/news/business-24923951
    If I don't reply to your post,
    you're probably on my ignore list.
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    are new jobs p/t or low paid where help is still needed for housing benefit?
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    black_taxi wrote: »
    are new jobs p/t or low paid where help is still needed for housing benefit?

    Or you could ask the same question another way:

    Are unskilled workers still actively seeking part time jobs so that they still get Housing Benefit.

    I liked Carney's view that the glass is now half full. That may be true, but it's still very much a case of glass not big enough!
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    good question LM,10/10
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • antrobus
    antrobus Posts: 17,386 Forumite
    black_taxi wrote: »
    are new jobs p/t or low paid where help is still needed for housing benefit?

    Out of the 177,000 jobs created, 157,000 are full time.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    antrobus wrote: »
    Out of the 177,000 jobs created, 157,000 are full time.

    And average wages (private sector) are 1.1% up. Public sector jobs still paid more, though.
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    whats the longterm ave unemployment percentage?
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »

    The UK may well follow the Eurozones deflationary path. The debt overhang still very much exists. A problem which has to be faced down the road.


    No as I've been saying the last 2 years+, the UK enterprise culture is getting more fizzy and dynamic with every passing month. Robust growth is here to stay for some time.

    I am however concerned about the spiralling expectation and costs of the NHS. Something has to give. I understand under Mellor the NHS cost £40bn in todays money, but now £114bn according to The ONS.
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Conrad wrote: »
    No as I've been saying the last 2 years+, the UK enterprise culture is getting more fizzy and dynamic with every passing month. Robust growth is here to stay for some time.

    Most would welcome robust growth. But what's this? Peston is now suggesting the growth is too fast!

    No really. http://www.bbc.co.uk/news/business-24929379

    Wait until the boy Devon hears about this. Expect a thread shortly.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Conrad wrote: »
    No as I've been saying the last 2 years+, the UK enterprise culture is getting more fizzy and dynamic with every passing month. Robust growth is here to stay for some time.

    Deflation is a reduction in prices, whereas growth is measured in activity levels. So can occur concurrently.

    European banks have shed around 3 trillion euros of assets in the past year. So credit creation is slowing. The UK may yet suffer the same fate. As banks are some way from achieving their capital solvency levels. Not helped by a lack of profitability as their 3rd quarter reporting results showed.

    Of course deflation is beneficial to savers rather than borrowers. As debt no longer erodes effortlessly away.

    All part of the rebalancing of the economy.
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