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Unemployment has continued to fall in Britain, while wage growth outpaced inflation
TheEngineer
Posts: 7,791 Forum Member
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Didn't see this mentioned in the forum:
http://www.bbc.co.uk/news/business-31515556
Good news for the country but not good news for Labour.
On the BBC News Channel at the moment "pretty much every piece of news on the economy is good news"
Unemployment has continued to fall in Britain, while wage growth outpaced inflation at the fastest rate in almost five years.
The number out of work in the UK fell by 97,000 to 1.86 million in the three months to December.
The unemployment rate now stands at 5.7% of the working population, the Office for National Statistics said.
Average earnings including bonuses rose 2.1% in the quarter from a year earlier.
http://www.bbc.co.uk/news/business-31515556
Good news for the country but not good news for Labour.
On the BBC News Channel at the moment "pretty much every piece of news on the economy is good news"
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If there is any benefit from this "good news" it's not going to the general public.
Maybe the rich are getting richer?
Ask the general public - do you feel better off? then ask them do you feel better off compared to 2010? then ask them do you think the wealthy are better off now than 2010?
Really?
Then why did Labour drone on and on and on and on about a "cost of living crisis" which they now seem to have forgotten all about.
Consumers still not yet feeling recovery in their wallets - only 9% see household financial situation improve over last month
Around twice as many people in each region of Britain still feel they are getting worse off instead of better off
Three of eight consumer confidence metrics fall in January – including both house price measures. https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0CCwQFjAB&url=https%3A%2F%2Fyougov.co.uk%2Fnews%2F2015%2F01%2F30%2Fmuted-consumer-confidence-exposes-uks-economic-fra%2F&ei=CxnnVPvPDYXzUOvAgbAC&usg=AFQjCNEy8t_lEw4ghAvP7K1dyKPOHYp4lw&bvm=bv.86475890,d.d24. Source: YouGov/Cebr HEAT data, January 2015
I am no worse off than I was in 2010. I am slightly better off.
This is where it is a really smart idea to have the election in May - just as the first wage slips for the previous month start hitting the mats. Most wage increases happen after April 6th (the end of the financial year).
Wage increases are a lagging factor in an economy - they do not happen until after any improvement can be seen.
And we have 2.1% including bonuses but 1.7% excluding bonuses and since a large chunk of the working population doesn't get bonuses, that's a lot! Likewise lots of people on nil or extremely small pay rises, so it might be that a closer look at the stats might reveal something a bit more helpful because right now I know who I want to start accusing of taking all the money (the boardroom) but I'd rather check first...
I think many pensioners would say the same, it's the young, the sick and disabled, the unemployed and the low paid in work who are being hit the hardest.
and its only going to get worse, but whats the alternative?
I'm sorry, but mostly this is due to the oil price falling, and nothing to do with anything the government have done.
absolutely.
http://www.theguardian.com/business/2015/feb/18/uk-employment-rate-hits-highest-level-since-records-began
How come labour are allowed to take full credit for the economy growing, yet wash their hands 2nd it tanked leaving us in massive debt?
Labour supporters seem happy to harp on about the good economic times under labour, of course they were built on one massive credit bubble. And even then they couldn't balance the books.
Clearly not true as inflation was going down before the collapse in the oil price.
And it's the public who will be defining "economic recovery".
So do you think Labour will win a clear majority in May?
Just how big is the chip on your shoulder that you seem to carry constantly?
I do. I'm on less than 10k a year but the increase in the tax free allowance, frozen fuel duty, frozen tv licence and frozen council tax (probably this more than anything) has helped a lot. Under the previous lot, these things rose year on year.
Obviously I'd love to see those things cut/reduced to save me more money but if it's between a rise or frozen then It's a no brainer. If they do nothing, people complain they're paying too much. If they do something, then it's never enough. It's almost as if some people expect the Government not to just save them money but expect to pay nothing before they give the Gov't credit.
Better leader than Cameron and the conservatives would probably walk this election.
I'm not a Labour supporter, and I don't give Labour the credit for economic growth. Please don't put words in my mouth or make assumptions about who I support.
I still work - it's a proven way of earning more money.
http://forums.digitalspy.co.uk/showpost.php?p=67771023&postcount=3
I guess you must have changed very recently or something.
We have record employment numbers, which should be great and the signs of a growing economy, but falling per capita output and lower tax take, which are the signs of a recession.
None of the numbers available make much sense to me to be honest.
From the BBC
OOF!
There goes his credibility.