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Unemplyment Up To 5.2%

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http://news.bbc.co.uk/1/hi/business/4989258.stm

Ineresting nugget at the end of the artical.

And pay pressures were still moderate, with average earnings including bonuses rising by 4.2% in the three months to March, up 0.1%.

The Bank of England closely watches this index, and has often argued that any increase in wages above 4.5% could be inflationary.

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I thought GB had 'liberalised' the job market - nobody should be unemployed (even if it means working for minimum pay)....

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I thought GB had 'liberalised' the job market - nobody should be unemployed (even if it means working for minimum pay)....

That was how the Miracle Economy was supposed to work but now that HPI is turning into HPC and MEW is slowing down the miracle is starting to unwind:

http://www.ananova.com/business/story/sm_1846137.html?menu=

Unemployment Rate Highest For Years

The rate of unemployment has risen to its highest level since 2002.
It was the highest number of people on jobseeker's allowance since June 2003 and means that the number has risen for 13 of the last 14 months.
That is the longest period of increases since the UK emerged from recession in 1992.
The car industry has recently been among the heaviest hit by job cuts with Vauxhall the latest in a line to announce up to 1,000 job cuts.
Meanwhile, average earnings including bonuses rose 4.2%, 0.1% higher than last month and possibly creating anxious feelings for the Bank of England and its interest rate decision.

The worst of all worlds: wage inflation at a time when jobs are being lost. We are on the verge of recession and the great unwininding of the most debt ridden nation on earth (personal debt 1.2 trillion pounds and rising is slightly higher than the US rate of 11.2 trillion dollars with population AND exchange rate adjustments--the pound has soared in the last week or so).

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That was how the Miracle Economy was supposed to work but now that HPI is turning into HPC and MEW is slowing down the miracle is starting to unwind:

http://www.ananova.com/business/story/sm_1846137.html?menu=

Unemployment Rate Highest For Years

The rate of unemployment has risen to its highest level since 2002.
It was the highest number of people on jobseeker's allowance since June 2003 and means that the number has risen for 13 of the last 14 months.
That is the longest period of increases since the UK emerged from recession in 1992.
The car industry has recently been among the heaviest hit by job cuts with Vauxhall the latest in a line to announce up to 1,000 job cuts.
Meanwhile, average earnings including bonuses rose 4.2%, 0.1% higher than last month and possibly creating anxious feelings for the Bank of England and its interest rate decision.

The worst of all worlds: wage inflation at a time when jobs are being lost. We are on the verge of recession and the great unwininding of the most debt ridden nation on earth (personal debt 1.2 trillion pounds and rising is slightly higher than the US rate of 11.2 trillion dollars with population AND exchange rate adjustments--the pound has soared in the last week or so).

"Unemplyment Up To 5.2%, Highest in 4 years"

And this doesnt include those on sick pay/disability.

The true figure is between 8-10% - lower than France but higher than Germany (and both of those include their sick/disabled in their figures.

Lets hear the anti-EU types rant about that.

Germany is a far more successful and powerful economy - biggest exporter in the world including China, Russia, Japan and only 15 years ago they integrated and upgraded East Germany.

Can you imagine what would happen to the UK if they tried to integrate, say, Holland?

Mr Brown would be for the gallows, thats for sure.

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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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