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mattyfc

Britain's Cbi Realized Sales Fall Less-Than-Expected

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http://www.forexpros.com/news/economic-indicators/britain%27s-cbi-realized-sales-fall-less-than-expected-215656

Commenting on the report, CBI Director General John Cridland said, “Household budgets are being persistently squeezed by the gap between price inflation and weak wage growth. Given these challenging consumer conditions, it is good news that retail sales growth is stable, not falling.”

Retail sales are being supported by 0.5% IR. Disposable income is not being affected by inflation because of this. Pushing house prices down when IR rise to keep housing costs the same % of income is the key to a sustained recovery.

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Well, if this is the best that Britain's retailers can do at the start of what looks to be a great summer for weather, and after we are supposedly out of recession, they are fecked.

Town centres across the nation are proving this report to be pants anyhow, as the every increasing number of empty store fronts shows rather clearly, and depressingly.

http://www.guardian.co.uk/business/2010/feb/10/uk-empty-shops-threat

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Real incomes are falling, but consumption is rising? Doesn't sound like good news to me - sounds like another disaster waiting to happen.

We have learned nothing from the crisis of 2007-2008 and are destined to repeat it. Except next time it'll be bigger :ph34r:

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  • 311 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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