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Jobs Are An Issue Again

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What's more, much household spending will be on non-discretionary items: petrol prices, according to the AA, are rising by about 1p a litre a week as oil prices climb, while gas bills are going up by 20% - 10 times the rate of inflation - this spring. "This is happening" says Butler, "against a backdrop in which record personal debt levels mean more of households' disposable income will be directed towards servicing existing debt. With nominal income growth steady, more spending on non-discretionary items implies less income available to spend on discretionary goods and services."

http://politics.guardian.co.uk/economics/c...1755334,00.html

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Jobs have been an issue since the end of do.tom. Job quality is laughable in the UK and many of the graduates i know from the past few years complain that they 'can't get a job'.

That's not to say they're not doing temping, retail, bar work, or McClerical but they are utterly unable to land any sort of reasonably paid career job. Poverty pay positions that do not allow you to live a normal life do nothing but brings down employment stats.

Over the last few years several friends have lost their jobs or finished contracts and have had to take big pay cuts and take much lower calibre work to get back into the market.

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Behold: The "Miracle Economy" unwinds. :lol:

The great experiment that was supposed to make Britain the wealthiest nation on earth with the highest house prices and perpetual ability to MEW as HPI continued for ever has failed. The great lesson that the miracle worker must learn is that wealth is generated by effort not borrowing.

Now its time for the UK economy to pay for the houses and material possessions bought with all that cheap money from Asia. :angry:

And, we have all be conned by the "statistics" according to the Guardian:

"
True, the actual jobless total is higher than that shown by the official figures. There are about 2.5 million people classified as long-term sick and disabled and they do not qualify as unemployed on either of the two measures used by the government to calculate unemployment. That's more than three times the level of the 1970s; a curious finding given that as a nation we are supposed to be healthier than ever before
."
Edited by Realistbear

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  • 301 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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