Jump to content


  • Content Count

  • Joined

  • Last visited

  • Days Won


Wales123098 last won the day on September 29 2010

Wales123098 had the most liked content!

Community Reputation


Profile Information

  • Gender
  • Location
    Just north of Cardiff sometimes Llantrisant.
  • Interests
    weather skiing politics america europe education ect.
  • Weather Preferences
    Winter: Cold & Snow. Summer: Hot and Dry
  1. British Chambers of Commerce Quarterly Survey A survey of 8,000 businesses show that key indicators for the economy are at their highest since before the financial crisis begun. The UK economy is expected to strengthen further in the coming months following on from 0.9% growth in Q4. Encouragingly in the Manufacturing sector five indicators including orders and employment are at record highs. Confidence in the sector is at its highest since 1989. This suggests the UK recovery is no longer purely based on consumer spending and that manufacturing is soaring. Firms from all sectors are overwhe
  2. UK Services PMI UK All Sector PMI slows in December following weaker than expected Services PMI. (Composite PMI 59.5) All Sector PMI for Q4 suggests growth of 1.0%. That would bring growth as a whole for 2013 to 3.1% based on 0.5% in Q1, 0.8% in Q2, 0.8% in Q3 and 1.0% in Q4. The Services PMI was at 58.8 down from 60.0 in November and 60.0 expected. Confidence about the future PMI rose to 73.5, highest since March 2010. Employment was rising at the second strongest rate on record (in the PMI series). Lloyds Business Confidence Survey UK business confidence rose to its highest level
  3. I'm just stating whats going on in the economy as I see it on the internet. I have to do constant research for my assignments and exams, just sharing what I find with you lot to add a bit of substance to this thread because when I looked on here before it was full of Tory bashing without any actual substance on you know the UK economy. It's not my personal optimism, although I'm becoming increasingly optimistic. I graduate next year and will obviously be looking for a job, hopefully in finance. To see increasingly encouraging news on the economy and jobs outlook is very good news for me. I've
  4. How about the 250,000 rise in employment in the 3 months to October alone? With further large rises in employment in the pipeline. But I'm guessing all these jobs go to the 1%... How about the increased job security for hundreds of thousands of retail workers who are seeing business pick up? (see retail results from the last 2 days). How about the strong rise in housebuilding, new homes. Bit by bit the spare capacity in the economy will erode if current conditions continue and as I've said previously, WAGES will rise as a result. It's a matter of time before businesses have no choice but to ra
  5. UK Business Confidence 4 out of 5 leaders of the UK's largest companies expect their business to pick up over 2014 but they have concerns about household budgets, productivity and the fast approaching general election. The annual survey carried out by Ipsos Mori (since 1981) showed 93% of 105 business leaders expect the British economy to improve over the next 12 months. However over 50% of the leaders say they don't expect the economy to be 'growing in a significant way' for another year as household finances weigh on business. Questioned whether they thought the Coalition Government's Ec
  6. UK Construction PMI "Sharp rate of construction output maintained in December" The UK construction sector saw a slight slow down in December, the PMI was at 62.1, down from 62.6 in November. However this still signals very rapid growth in the sector. All areas of the construction sector rose. Encouragingly the Commercial Construction sub sector surged in the month, suggesting the recovery in the sector is becoming more broad-based and isn't purely driven by the resurgent housing market. A net +47% of respondents expect business activity to pick up further in 2014. Only 10% of construction com
  7. I know what YouGov is and if a group is paying YouGov a LOT of money to produce research, I'm sure YouGov will do anything to keep that customer in the future. So just because its YouGov doesn't mean its going to be unbiased. I'm sure you endorse YouGov's polls on the Scottish Independence referendum then? If this YouGov survey is valid, so is the companies polls on independence. I'm not denying the fact that inflation is outstripping wages and for a lot of people they are still yet to feel the recovery, but lets look at the ECONOMIC fundamentals as to why this is the case instead of going
  8. If it wasn't for government action to reduce mortgage rates i.e. deficit reduction plan that has kept confidence in the UK economy many families would be facing eviction from their homes. Many in this country seem to forget we've just been through the biggest recession and downturn in a century, things do take time to improve and we should be grateful our economy is actually relatively successful in comparison to most of Europe where there is double-digit unemployment and they are STILL contracting. 2013 was a turning point and things are looking up. Eventually the brighter economic prospects
  9. Your making everything political again instead of stating the facts. Also a TUC commissioned survey was hardly going to be 'unbiased'. Businesses disagree with your sediment. Business confidence is high, crucially among SMEs too, jobs are being created. Yes the recovery is not feeding through to wages, but it is feeding through to jobs and with 2.39mn unemployed, this is important. Maybe the reason wages aren't rising is because there is still spare capacity in the UK economy, you know the 2.39mn unemployed. Generally when there is spare capacity in the economy, there is not much in the way of
  10. British Pound Citigroup says that British Pound will be the global safe haven currency in 2014 as the strengthening recovery brings in investment and the prospect of BoE rates starting to rise. The UK Pound hit a 2 year high against the US Dollar peaking at $1.6578 on Friday. Citigroup estimate the Pound will rise to £1 = $1.70 by the end of the year and maybe as high as £1 = $1.80. Against the Euro the Pound is expected to rise to £1= €1.25. The £ rose by nearly 30% against some currencies in 2013 such as the Indonesian Rupiah and notably up 18% against the Australian Dollar. Of cour
  11. The SNP is openly a left wing party. If you vote for the SNP you are a leftie. I vote Conservative that makes me moderately right wing. You said the CEBR is right wing so therefore its a group of Tories. So don't turn that one around on me. Anyway as this is the thread about the British economy not politics.
  12. The projection is not made on stuff out of thin air you know. Economics is a science, a science of money and projections are often made and respected. If your an SNP voter, in my book that makes you a leftie and as an SNP supporter the British economy out pacing most of the developed World is bad for the referendum (on the yes side) as it does indeed show Scotland is not weak by being in the UK. This could be a reason why you personally might want the UK to stay weak for the next year or so, not saying you do. As for others on here who constantly deny statistics as being fudged, they might wan
  13. The CEBR is not claiming THIS is what the positions of the largest economies will be in 2030. Its saying what it COULD be based on their forecasts. The report is not dog biscuits either and yes they do make new reports every year, hence its an ANNUAL report. As I said the projection is also similar to the likes of OECD and IMF projections, just on different time scales. That doesn't mean its wrong. Just look at the demographics of the UK and Germany. The UK population is growing strongly (Even without immigration) while the German population is declining, if that trend continues, then at some
  14. 1. It's still deemed unlikely that the UK will leave the EU & the consequences of the UK leaving the EU are also up for debate. 2. Again its deemed very unlikely that Scotland will leave the United Kingdom, the report focuses on what the UK consists of today, obviously if Scotland voted to leave next year then the annual report which is released every December would reflect this next year. 3. The report says that the prospect of controlled but fairly high immigration in to the UK is one of the reasons for the UK's good prospects. Even if immigration to the UK is slowing, the birth rate i
  15. Its not the only economic organisation to forecast the UK overtaking Germany. Others have done so too. The CEBR projection saying by 2030 is different to the rest though who say by 2050. Its not really a surprise if you think about it, the UK population is growingly strongly (as a result of the highest birth rate in decades and fairly high net migration) while the German population is or is about to decline. The UK economy grew twice as strongly as the German economy so far this year and much much faster than the French. Whether the UK's GDP growth is sustainable or not is up to debate but if
  • Create New...