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Lots of good economic news around at the moment - bad news for Labour
TheEngineer
Posts: 7,789 Forum Member
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Job security boosts holiday confidence
http://www.travelmole.com/news_feature.php?news_id=2013856
Businesses upbeat about pay prospects as rapid hiring continues
http://www.telegraph.co.uk/finance/jobs/11196074/Businesses-upbeat-about-pay-prospects-as-rapid-hiring-continues.html
Insolvency rate falls to eight-year low
http://www.bbc.co.uk/news/business-29816814
http://www.travelmole.com/news_feature.php?news_id=2013856
Well over half (57%) of all 5,017 adults questioned said they intend to take an overseas holiday in the coming 12 months, 3% more than at the same time a year ago and a 1% more than in the summer.
Almost one in 10 say they plan to take more holidays and over a third (37%) will take two trips abroad, compared with 34% in the summer and 35% a year ago.
While most holidaymakers are planning trips of the same length, slightly more people are considering longer ones.
There has also been a marked increase in those who intend to take shorter breaks of six nights or less, up to 26% from 22% in the summer and 24% a year ago.
The rises come as 31% of respondents said they expect the economy to continue to recover in the next 12 months and 41% are confident of job security.
Businesses upbeat about pay prospects as rapid hiring continues
http://www.telegraph.co.uk/finance/jobs/11196074/Businesses-upbeat-about-pay-prospects-as-rapid-hiring-continues.html
Millions of workers are already enjoying above-inflation pay growth, according to a new report that showed more than half of UK companies plan to hire over the next 12 months.
Almost two thirds of businesses said they increased pay in line with or above price rises over the past year, according to the British Chambers of Commerce (BCC).
Small businesses were most likely to reward staff with pay increases that outpaced price rises, according to the BCC.
Its survey showed that 34pc of all businesses increased pay above inflation last year, while 25pc uprated worker pay in line with prices.
The business lobby group’s poll of 3,000 businesses also showed that 54pc of companies expect to expand their workforce over the next year, with the IT, energy and construction sectors most likely to hire new staff.
Insolvency rate falls to eight-year low
http://www.bbc.co.uk/news/business-29816814
The rate at which Britons are becoming insolvent has fallen to its lowest since before the financial crisis, according to official figures.
In the 12 months to September 2014, just 0.22% of the adult population became insolvent.
That is the lowest rate since the spring of 2006, according to the Insolvency Service.
The number of people going bankrupt was the lowest for 14 years, as people turned to other forms of insolvency.
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It would seem so, sadly they'll have to borrow it and this time they may as well plan for ano rise in EU contributions next year.
I would be wary of talking up any good economic news until the post 2009 bubbles burst because the root cause of the financial crash has not been resolved.
The public sector needs to be affordable.
I really don't think people forced into that are going to see it the way you do OP! Nor will most of those foced onto zero hour contracts or those who haven't had a pay rise in years and have had pay cuts while bankers share 80 Billion in bonuses!
I could go on OP but I doubt its looking as good for the Tories as you hope it is. If things were so great for the Tories, why aren't they ahead in the opinion polls and well ahead in that?
Did you actually read the articles?
£12 billion paid to working families in housing benefit Yeah this is some recovery
Agreed - we should freeze housing benefit and then gradually cut it.
No we should be making housing more affordable and not a toy of the idle rich.
We should be cutting tax AND national insurance for the working poor to remove the need for people to claim housing benefit.
And if the private sector has got more spending power, then it ought to be.
While I agree people should not be taking on too much debt the reduction in the number of insolvencies (see post 1) suggests that things are OK at the moment - although as interest rates gently rise things may change.
Interestingly this "doom and gloom" article mentions a number of countries that are often held up as the "socially responsible" (high tax, generous welfare state)
http://www.telegraph.co.uk/finance/financialcrisis/10817959/Household-debt-is-Britains-hidden-timebomb.html
In order to get it back into some sort of balance we need to restrict the cost of the public sector while the private sector grows to make it affordable.
We will always have massive amounts of debt until the banking system and money creation are reformed.
Indeed,its all going to end in tears im afraid!!! you cant build an economic recovery on consumer spending,you need to export!!! something this country hasnt done for many many years!!! The slowdown is already happening across europe and while we lag,its coming up to bite us in the backside,and the govt can try and fool us all they like!!!
'At the moment' being the key phrase here. We haven't gotten to the root cause of the financial crash and global debt hit the $100 trillion mark this year ($20 trillion added since 2009). This is not sustainable, we have merely pushed the problem further down the road in refusing to deal with it adequately.
Indeed. The whole monetary system is unsustainable and will come crashing down around us.
"Gold is money, everything else is credit" JP Morgan
We may disagree on the definintion of libertarianism, but I'm with you on this.
The global economy = massive ponzi scheme. This is something everyone needs to get their head's around.
That may be the Tory Party and the Daily Mail line but:
http://www.theguardian.com/commentisfree/2014/oct/29/tories-nightmare-red-ed-miliband-right-on-wages
Same for rents?
i suppose you would love to get rid of it completely
There is nothing in that article that backs you up properly. People were spending loads up until 2007 and most of it was on the "NEVER NEVER"! I wouldn't be surprised that is still the case and as for 34% of businesses saying they have paid above inflation pay rises, what that includes housing inflation? The biggest cost we all face? I doubt it does. Nor do I think these pay rises make up for all the years pay was frozen and or cut.
As for cutting housing benefits, yeah that really will work won't it? - NOT!
We do export, granted not enough. We are the 11th largest manufacturing nation on the planet worth $219 Billion in 2013.
We are the second largest Aerospace manufacturer in the World and 75% of that is exported.
Our electronics industry is the 5th largest in the World in terms of production.