We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
More Good News
BACKFRMTHEEDGE
Posts: 1,294 Forumite
UK factory output grew by faster than expected in February, rising at its strongest annual rate in more than a year, official figures have shown.
Manufacturing output rose 0.4% in February, better than expectations of a 0.1% gain, said the Office for National Statistics (ONS).
The annual rate, for the year to the end of February, rose to 1.9%, the best figure since December 2006.
The figures suggest UK industry is holding up against the credit squeeze.
BBC News
Manufacturing output rose 0.4% in February, better than expectations of a 0.1% gain, said the Office for National Statistics (ONS).
The annual rate, for the year to the end of February, rose to 1.9%, the best figure since December 2006.
The figures suggest UK industry is holding up against the credit squeeze.
BBC News
A journey of a thousand miles begins with a single step
Savings For Kids 1st Jan 2019 £16,112
Savings For Kids 1st Jan 2019 £16,112
0
Comments
-
I don't think it is good news.
Who is buying the goods, and with what money? More credit being loaded onto cards, perhaps?
The increase also runs the risk of giving the BoE an incentive to not lower interest rates, running the risk of forcing more people into greater debt as mortgage deals expire and all kinds of lending gets tighter.0 -
would be good news in China, I am afraid not much manufacturing in this country ...All my life my mother told me the storm was coming (c) Terminator 30
-
Do you work for Gordon Brown, by any chance? Or are you in fact Gordon Brown? (Well, he wouldn't use his real name, would he?
)
Out of interest, what was the first bit of good news? I must have missed it in amongst all the 'IMF predicts worst recession since the Great Depression' headlines... Maybe we just read different newspapers.0 -
BACKFRMTHEEDGE wrote: »UK factory output grew by faster than expected in February, rising at its strongest annual rate in more than a year, official figures have shown.
Manufacturing output rose 0.4% in February, better than expectations of a 0.1% gain, said the Office for National Statistics (ONS).
The annual rate, for the year to the end of February, rose to 1.9%, the best figure since December 2006.
The figures suggest UK industry is holding up against the credit squeeze.
BBC News
Cracking news. Just what you'd expect with the pound getting weaker as it makes our exports cheaper to those buying in other countries.0 -
Cracking news. Just what you'd expect with the pound getting weaker as it makes our exports cheaper to those buying in other countries.
Yep, and you seem to have left off the fact that we import more than we export so the lower value of the pound = higher prices of imported goods = higher inflation.0 -
I don't think it is good news.
Who is buying the goods, and with what money? More credit being loaded onto cards, perhaps?
The increase also runs the risk of giving the BoE an incentive to not lower interest rates, running the risk of forcing more people into greater debt as mortgage deals expire and all kinds of lending gets tighter.
That's good isn't it - lets hope they listen and don't reduce the rate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards