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Unemployment On Radio5 Now

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They are talking about unemployment on radio5 now

Evan Davies from the BBc doesn't seem to think it's too much of a problem. Isn't he normally quite bearish?

Edited by Swipe

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Just turned this on - haven't herd Evan yet - but have listened to a female guest (who after many erms and ums seems to think everything is rosey as growth will accelerate through 2006 and into 2007)

So there we have it - article over - they all really agreed that unemployment wasn't really a problem (we are at record numbers of employed and the economy is growing). Case dismissed. :o

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They are talking about unemployment on radio5 now

Evan Davies from the BBc doesn't seem to think it's too much of a problem. Isn't he normally quite bearish?

No. His report the other day stated that everything was fine, we have entered a new paradigm and there will be no crash because only 9% of income is going on mortgages compared to 15% in 1989 :blink:

He obviously hasn't read the Nationwide report that says that the average FTB (repeat average) spends 40% on their mortgage. This would assume that many more are paying well over 50% on their mortgages and as the average age of a FTB is now 34 they might not get much in the way of wage rises to bring this percentage down

and the economy is growing

thanks to the last attempts of people to extract money from their houses (MEW 5-6% of GDP) and buy on credit.

It won't last for much longer and economy is growing under 2% required to stop unemployment growing. That's hardly growing

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  • 336 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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