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How strong really is the UK recovery?
shortchanged_2
Posts: 5,546 Forumite
http://www.bbc.co.uk/news/business-25559780
Figures out from Debenhams show they've had quite a poor Christmas.
Is it looking like the UKs recovery is more and more reliant on the property market which in turn is still dependent on a shot in the arm from UK Gov plc.
With the UK economy heavily dependent on consumer spending it is becoming more evident that many just don't have the disposable income to splash the cash. http://news.sky.com/story/1162512/payday-loans-to-fund-xmas-for-1-2-million
Well I suppose it means interest rates are going to be ever more critical over the coming years. Will they have to remain low in order to prevent a household debt crisis? Or will they be increased pushing more and more people into financial crisis? Whatever is going to happen Carney has got his work cut out.
Figures out from Debenhams show they've had quite a poor Christmas.
Is it looking like the UKs recovery is more and more reliant on the property market which in turn is still dependent on a shot in the arm from UK Gov plc.
With the UK economy heavily dependent on consumer spending it is becoming more evident that many just don't have the disposable income to splash the cash. http://news.sky.com/story/1162512/payday-loans-to-fund-xmas-for-1-2-million
Well I suppose it means interest rates are going to be ever more critical over the coming years. Will they have to remain low in order to prevent a household debt crisis? Or will they be increased pushing more and more people into financial crisis? Whatever is going to happen Carney has got his work cut out.
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Comments
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shortchanged wrote: »Is it looking like the UKs recovery is more and more reliant on the property market which in turn is still dependent on a shot in the arm from UK Gov plc.
either that or debenhams just had a rubbish christmas trading period. will be interesting to see the results for all the other big retailers over the next couple of weeks or so, but it's a bit early to declare that there is no real recovery just because debenhams aren't doing that well.0 -
Debenhams had already 'signalled' problems by unilaterally slashing their invoice payments to suppliers by 2½% despite contractual agreements.
They are a 'failing' business. Our High Streets are not "booming" and haven't been for years as Internet shopping continues to ramp up.
Unlike Marks & Spencer, they don't have a particular "Quality" perception. Trying to compete with specialist clothing shops, specialist furniture shops and specialist homeware shops is never going to be easy in a High Street.
I suspect other High Street retailers will have better and more lucrative stories to tell.0 -
I bought a shirt in Debenhams on Saturday (30% off :j)'In nature, there are neither rewards nor punishments - there are Consequences.'0
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How strong really is the UK recovery?
Not particularly.
It would a surprise if it was yet, at this stage.
By this time next year, hopefully, we should all be more confident in this recovery.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Not particularly.
It would a surprise if it was yet, at this stage.
By this time next year, hopefully, we should all be more confident in this recovery.
Based on what purch?
Are you expecting significant pay rises for workers over the next year?0 -
shortchanged wrote: »Is it looking like the UKs recovery is more and more reliant on the property market which in turn is still dependent on a shot in the arm from UK Gov plc.
Building homes has a wide range of benefits to the economy.
Spending money in Debenhams on imported product from China does nothing for the longer term.0 -
I think I spent more money than ever before in a Christmas market in the village this year.
I know a couple of things were imported, but you also found much more interesting gifts. Some FairTrade things made by a womens collective in South Africa, for example. Then there were the local chutneys and hand creams and cheeses etc, not to mention plenty of liquor!
It was a better shopping experience than going in to Debenhams or John Lewis, and I reckon it put more money into local peoples' pockets.0 -
The recovery is going v well. I was out shopping and shouted out "how bigs ya turkey" all the shoppers turned around and said real big. Shop on shoppers. Spend spend spend0
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Just as strong as a Lego house
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
shortchanged wrote: »Well I suppose it means interest rates are going to be ever more critical over the coming years. Will they have to remain low in order to prevent a household debt crisis? Or will they be increased pushing more and more people into financial crisis? Whatever is going to happen Carney has got his work cut out.
The poor indebted householder seems to be doing a great lobbying job to keep rates down.
Keep up the good work - we've been able to buy houses at rock bottom rates. I have to pinch myself.0
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