No Interest Rate rise until 2016 due to poor Wage Growth

shortchanged_2

Bantex wrote: »

Why does Carney feel the need to keep making "announcements" that say nothing, or hint at something and then come up with the opposite a few weeks later?

He needs to do something to justify his massive housing allownance.

Thrugelmir

michaels wrote: »

For fear of sounding lime a ukip supporter it appears.that what had not been anticipated is that the available labour pool is not the few million not working in the uk but the 30m not working in the EU. Add in the increase in the labour force from pushing up retirement ages along with the very poor annuity rates available le partly as a result of zirp and suddenly the breakdown in the relationship between employment levels and wage pressure becomes obvious.

The credit fuelled economic boom of 1991 to 2007 disguised the wider changes to the global economy. While the UK was gorging on cheap imported product from overseas and having a party. Another 2.5 billion people joined the labour market. These people too want a Western lifestyle.

AndyGuil

Inflation has fallen further to 1.6%. http://www.bbc.com/news/business-28850438

N1AK

AndyGuil wrote: »

A closed border country with 30 million or so people and a very stable economy over the recession is quite a big contrast to the UK.

Just how ignorant do you have to be to hold up Canada as an example of a closed border state vs the UK? It has a far higher % immigration rate (~0.7% of population), which is equivalent to 500,000 a year in the UK (we're currently at less than half of that figure). Not only is immigration notably higher, but they actually want even higher immigration levels!

Let me guess. You also think America is an excellent role model for gun murder provention and that Venezuala could teach us a thing or two about managing an economy :rotfl:

CLAPTON

N1AK wrote: »

Just how ignorant do you have to be to hold up Canada as an example of a closed border state vs the UK? It has a far higher % immigration rate (~0.7% of population), which is equivalent to 500,000 a year in the UK (we're currently at less than half of that figure). Not only is immigration notably higher, but they actually want even higher immigration levels!

Let me guess. You also think America is an excellent role model for gun murder provention and that Venezuala could teach us a thing or two about managing an economy :rotfl:

the immigration rate into the UK has been running at about 500,000 a year for along time now
we do have a large numbers of emigrant so the net figure is about 250,000

AndyGuil

N1AK wrote: »

Just how ignorant do you have to be to hold up Canada as an example of a closed border state vs the UK? It has a far higher % immigration rate (~0.7% of population), which is equivalent to 500,000 a year in the UK (we're currently at less than half of that figure). Not only is immigration notably higher, but they actually want even higher immigration levels!

Let me guess. You also think America is an excellent role model for gun murder provention and that Venezuala could teach us a thing or two about managing an economy :rotfl:

They are closed in the sense you need to apply for a work visa, not because they chose to let people in, selecting the skills they need through the visa system. In the UK for the EU we have no choice, automatic visa and come in to fill any skill. Not complaining about it, it is different from Canada.