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Jason

Uk Recovery 'steady But Fragile'

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http://news.bbc.co.uk/1/hi/business/5175986.stm

The UK's economic recovery is steady but fragile, the British Chambers of Commerce (BCC) has said in a report.

It added that while firms were feeling more confident, problems were evident.
According to the business group, the UK rate of growth fell to 0.6% in the period between April and June, down from 0.7% in the previous three months.
Citing weaker European Union demand and increasing red tape, the BCC warned that the UK recovery could be snuffed out by higher interest rates or taxes.

"The UK's economic recovery is steady but fragile" Recovery from what? We were never told that we were in recession.

"The Bank of England should not give way to the clamour for higher interest rates - that would be damaging." Oh dear, so inflation doesn't matter?

"Mr Kern said it would be a mistake to hike borrowing costs as most of the price growth had come from imported energy costs that now seemed to have stabilised." Really? Oil hit a record high today.

Edited by Jason

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Looking at the latest unemployment figures I'd say there is something seriously wrong. We haven't seen these figures since the Tories were in and the CBI are predicting 2.5 million unemployed by 2007.

I think we're in a mess

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Guest Bart of Darkness

Recovery from what exactly?

Aren't we all tootling merrily along, getting richer and richer. Gordon Brown, miracle economy, unlimited rice pudding and all that.

Let's borrow our way out of debt, that should do the trick.

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Recovery from what exactly?

Aren't we all tootling merrily along, getting richer and richer. Gordon Brown, miracle economy, unlimited rice pudding and all that.

Let's borrow our way out of debt, that should do the trick.

Think of a mountain of poo and then multiply it by 1000 and place the uk in the middle and thats where we are right now.

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Guest Bart of Darkness

Think of a mountain of poo and then multiply it by 1000 and place the uk in the middle and thats where we are right now.

That's a pungent but effective summing up of the situation.

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I assume they are referring to the 1.75% growth we had last year?

Which, when MEW is removed, was a recession.

with 8.9 % of all spending was MEW

Superb.. and that being 2/3rds of the economy..

that was a recession

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Guest mattsta1964

http://news.bbc.co.uk/1/hi/business/5175986.stm

The UK's economic recovery is steady but fragile, the British Chambers of Commerce (BCC) has said in a report.

It added that while firms were feeling more confident, problems were evident.
According to the business group, the UK rate of growth fell to 0.6% in the period between April and June, down from 0.7% in the previous three months.
Citing weaker European Union demand and increasing red tape, the BCC warned that the UK recovery could be snuffed out by higher interest rates or taxes.

"The UK's economic recovery is steady but fragile" Recovery from what? We were never told that we were in recession.

"The Bank of England should not give way to the clamour for higher interest rates - that would be damaging." Oh dear, so inflation doesn't matter?

"Mr Kern said it would be a mistake to hike borrowing costs as most of the price growth had come from imported energy costs that now seemed to have stabilised." Really? Oil hit a record high today.

http://news.bbc.co.uk/1/hi/business/5175986.stm

The UK's economic recovery is steady but fragile, the British Chambers of Commerce (BCC) has said in a report.

It added that while firms were feeling more confident, problems were evident.
According to the business group, the UK rate of growth fell to 0.6% in the period between April and June, down from 0.7% in the previous three months.
Citing weaker European Union demand and increasing red tape, the BCC warned that the UK recovery could be snuffed out by higher interest rates or taxes.

"The UK's economic recovery is steady but fragile" Recovery from what? We were never told that we were in recession.

"The Bank of England should not give way to the clamour for higher interest rates - that would be damaging." Oh dear, so inflation doesn't matter?

"Mr Kern said it would be a mistake to hike borrowing costs as most of the price growth had come from imported energy costs that now seemed to have stabilised." Really? Oil hit a record high today.

The usaul twaddle We've come to expect from the BBC. They must have a 'Thought Police' dept in their news team trying to brainwash the punters to believe this s*ite

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Looking at the latest unemployment figures I'd say there is something seriously wrong. We haven't seen these figures since the Tories were in and the CBI are predicting 2.5 million unemployed by 2007.

I think we're in a mess

in the last big unemployment run up circa 1980, the masses DIDNT have a record amount of debt,.

oh yes. its different this time...

bad enough getting a giro, but getting a giro AND owing 10k in credit card debt...?

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I find it odd that recent statements said the state of the economy is now disconnected from houseprices. But when houseprices have a mini boom period the economy is said to be recovering... very odd...

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Let's borrow our way out of debt, that should do the trick.

MEW is the new black.

How else are you going to get rich? I dont agree with MEW for lifestyle, I certainly do agree with MEW to use your otherwise stagnant underused asset to sweat for profit.

Anti borrowing sentiment is old fashioned.

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  • 333 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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