Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Uk Consumer Confidence Weak As Job Worries Increase

Recommended Posts

http://uk.biz.yahoo.com/060802/323/gigzg.html

Wednesday August 2, 11:17 AM

UK consumer confidence weak as job worries increase - Nationwide UPDATE

(Updating to add further breakdown, jump in house price expectations)
LONDON (AFX) - Consumer confidence in the UK remained depressed in July, with people particularly gloomy about employment prospects, a survey by Nationwide revealed today.
In its monthly survey, the Nationwide said its main consumer confidence index remained unchanged at 94 for the third month in a row, down six points on a year earlier.
Consumers are especially worried about the employment situation,
with one in three people, or 33 pct, pessimistic about the number of jobs that will be available in six months' time, the highest proportion recorded since the index began.
Confidence in the current employment situation is also downbeat, with 28 pct of people pessimistic about current job availability.
This pessimism about jobs more than offset a small increase in number of people who are positive about the economic and employment situation, as the present situation index fell to its lowest ever level of 88.

Could it be that the sheeple are losing faith in Gordon's "Miracle Economy" where there is no unemployment, forever rising house prices, debt that increases without the need to pay it back.........?

Share this post


Link to post
Share on other sites

Don't be silly, everyone keeps telling us that the economy is wonderful because employment keeps going up.

Share this post


Link to post
Share on other sites

Could be starting signs of 'stagflation' discussed earlier ie growing unemployment (stag) but with prices still rising (flation)

Share this post


Link to post
Share on other sites

Don't be silly, everyone keeps telling us that the economy is wonderful because employment keeps going up.

Public sector employment - funded by GBs debt splurge

Private sector employment has been flat for years.

If you removed the extra 1.4M jobs that GB has created in the public sector unemployment would be over 10% and we would be in a recession for sure. GB has avoided this at the expense of the future prosperity of this country as we are all going to have to pay for these extra jobs.

Share this post


Link to post
Share on other sites

Public sector employment - funded by GBs debt splurge

Private sector employment has been flat for years.

If you removed the extra 1.4M jobs that GB has created in the public sector unemployment would be over 10% and we would be in a recession for sure. GB has avoided this at the expense of the future prosperity of this country as we are all going to have to pay for these extra jobs.

Its one of those inigma's isn't it. Pay for these jobs with what. We can't afford them now, how does one think we will pay when we are poorer. There is some wishfull thinking among the financial institutions that the public will pay down the debt when things get tough. Rubbish they won't pay at all, if they can't afford it when times are prosperous they definatley won't pay it in a downturn - with what.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.