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Bank of England raises growth forecasts for the UK economy
worldtraveller
Posts: 14,013 Forumite
The Bank of England has raised its growth forecasts for the UK economy over the next two years.
It now expects GDP to rise by 2% this year, sharply higher than 1.4% previously expected.
The forecast for 2018 has also been pushed up, from 1.5% to 1.6%.
Bank of England
Monetary Policy Summary (pdf)
It now expects GDP to rise by 2% this year, sharply higher than 1.4% previously expected.
The forecast for 2018 has also been pushed up, from 1.5% to 1.6%.
Bank of England
Monetary Policy Summary (pdf)
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Comments
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You don't say, lol,0
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The bank has been suprised that low UK unemployment has not led to rising wages.....which seems to assume that the only labour available to UK employers is the unemployed in the UK. Can anyone see a hole in that arguement?I think....0
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The bank has been suprised that low UK unemployment has not led to rising wages.....which seems to assume that the only labour available to UK employers is the unemployed in the UK. Can anyone see a hole in that arguement?
Minimum wage has increasingly become the norm rather than employers setting their own rates. Why pay someone more than you have to.0 -
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