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Realistbear

U K Consumers Confidence Boost After Cuts

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http://www.telegraph.co.uk/finance/economics/8093967/UK-consumers-show-surprise-calm-over-spending-cuts.html

UK consumers show surprise calm over spending cuts
Consumer confidence edged upwards in October, a survey showed, confounding forecasts it would drop to 14-month low ahead of the Government's spending review.
The reading offers further cheer after official figures this week showed the economy grew twice as fast as expected in the third quarter.Three of the five measures behind the index, carried out on behalf of the European Commission, improved.
People were more confident about their personal financial situation over both the past 12 months and the next year, as well as over the general economy over the last year.

But will this bubbling over ebulance about the economy transfer to a house buying frenzy?

Seems that the biggest cuts since WW2 will have no impact which suggests we have a truly miraculous economy where nothing can stop the spenders.*

__________________________

* LONDON (Reuters) - British Airways (LSE: BAY.L - news) expects to deliver further growth in 2011 after posting its first profit in two years, helped by cost cutting and improved demand for premium class travel in the first half.

Edited by Realistbear

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I bought a new TV/suite in my recent exuberance.

Clearly the recovery is in full swing. Although I'm now not planning on buying another TV/suite for at least 5 or 10 years or longer if possible depending on wear.

Although I really didn't buy because the economy was recovering it was more of a fook it buy.

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http://www.telegraph.co.uk/finance/economics/8093967/UK-consumers-show-surprise-calm-over-spending-cuts.html

UK consumers show surprise calm over spending cuts
Consumer confidence edged upwards in October, a survey showed, confounding forecasts it would drop to 14-month low ahead of the Government's spending review.
The reading offers further cheer after official figures this week showed the economy grew twice as fast as expected in the third quarter.Three of the five measures behind the index, carried out on behalf of the European Commission, improved.
People were more confident about their personal financial situation over both the past 12 months and the next year, as well as over the general economy over the last year.

But will this bubbling over ebulance about the economy transfer to a house buying frenzy?

Seems that the biggest cuts since WW2 will have no impact which suggests we have a truly miraculous economy where nothing can stop the spenders.*

__________________________

* LONDON (Reuters) - British Airways (LSE: BAY.L - news) expects to deliver further growth in 2011 after posting its first profit in two years, helped by cost cutting and improved demand for premium class travel in the first half.

Am I not right in thinking Americans invariably react this way? Give them a tax break or a social programme and they squirrel the equivalent away, simply because they know it means higher taxes further out. Maybe the UK citizen has finally wised up. In other words this might be the opposite of sheeple behaviour and a return of good ol' fashioned cynicism.

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  • 246 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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