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UK household disposable income falls for first time in 30 years

UK household disposable income falls for first time in 30 years

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Old Apr 1st 2011, 3:58 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by bcworld
If Primark is suffering hard times it's probably a good sign for the economy!

HMV, Waterstones...hardly surprising...compare with Borders / A&R here. Companies that will find it very hard to compete with good online competition.

http://www.bbc.co.uk/news/business-12906023

Output from the UK services sector rebounded sharply in January, suggesting the economy made a stronger start to the year, figures show.

Hotels and restaurants gave the biggest boost to the services sector, with output rising 4.4% on the previous month


Discretionary areas doing well there.
Got to admit the right wingers are also fighting back with some little known facts ..... Employment Vacancies are apparently up in the UK....

Methinks it's going to be a damn interesting year in blighty.


Add Debenhams as another company on the watch list.



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Old Apr 1st 2011, 4:02 am
  #47  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by ozzieeagle
Add Debenhams as another company on the watch list.
Sounds like idle gossip to me, can't see them needing to be watched.

John Lewis profits jump 20% to £367.9m in 2010

Department store group John Lewis saw profits rise by 20%, or £61.3m, to £367.9m last year but has warned that 2011 could be more difficult.

John Lewis said that its 76,500 staff would share a bonus pool of £194.5m, with bonuses worth 18% of salary.


Nice! Retail isn't dead.
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Old Apr 1st 2011, 4:06 am
  #48  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by ozzieeagle
Methinks it's going to be a damn interesting year in blighty.
The govt is treading a fine line...I watch with interest.

We hear that the economic problems are catastrophic, yet they say they can balance the books in 3 years...something doesn't quite add up there. I think there is a chance they are being irresposible (too much cut, too quickly) to get what they want done before the next election.

A bit like me saying, sh!t I've put on 10kg in the last 18 months, better lose it by Easter.
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Old Apr 1st 2011, 4:07 am
  #49  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by bcworld
Sounds like idle gossip to me, can't see them needing to be watched.

John Lewis profits jump 20% to £367.9m in 2010

Department store group John Lewis saw profits rise by 20%, or £61.3m, to £367.9m last year but has warned that 2011 could be more difficult.

John Lewis said that its 76,500 staff would share a bonus pool of £194.5m, with bonuses worth 18% of salary.


Nice! Retail isn't dead.
Speculation mostly... it's a 2 year old thread that is still running.

http://www.cpfc.org/forums/showthread.php?t=178883
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Old Apr 1st 2011, 4:15 am
  #50  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by ozzieeagle
Speculation mostly... it's a 2 year old thread that is still running.

http://www.cpfc.org/forums/showthread.php?t=178883
If it's already been wrong for 2 years...... As for Debenhams it seems to be rated a 'strong buy' by UK brokers - who might actually have ploughed through the company's accounts. Of course there is gloom in UK retail but the ones who are still standing are likely to emerge from this far more profitable and strong.
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Old Apr 1st 2011, 4:19 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by ozzieeagle
Your be pleased to heard that the Consensus is on my UK board that Cameron is now phucked, over the hollow and transparent tactic of making workers bear the brunt yet again... Hence the big interest in the TUC marches and company closures.
Milliband? Michael Foot part 2. Good luck to the UK if he gets in - they'll need it.
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Old Apr 1st 2011, 9:26 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by Amazulu
Milliband? Michael Foot part 2. Good luck to the UK if he gets in - they'll need it.
Michael Foot was an amazing politician one of the best over the past 100 years, however he was far too old when he was finaly leader of party, which is a sad fact. A GREAT MAN
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Old Apr 1st 2011, 10:01 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by DibDob
Michael Foot was an amazing politician one of the best over the past 100 years, however he was far too old when he was finaly leader of party, which is a sad fact. A GREAT MAN
If you like socialists he is. If you are a normal person then probably not!
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Old Apr 1st 2011, 11:17 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by DibDob
Michael Foot was an amazing politician one of the best over the past 100 years, however he was far too old when he was finaly leader of party, which is a sad fact. A GREAT MAN
He used to scare the crap out of me as a kid when he gave his speeches! As I grew up I realised he was just an angry commie looking for an audience, nothing to be afraid of. Quite a character though, along with Tony Benn.
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Old Apr 1st 2011, 2:19 pm
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by Amazulu
Cool. Everyone single person you know is doing well, I know people who are not.

As an outsider, I find the British to be, generally, a pessimistic nation. You don't.

It is what it is.
When I left the UK 6 years ago I found the UK to be a fairly pessimistic bunch and the Australians much more happy go lucky. I don't think the British have changed but I could certainly see people looking a lot less happy as cost of living increased and mortgages got bigger and salaried didn't in Australia.

From my point of view which is London centric things are going well salaries have gone up at over the rate of inflation in the company I work for I never saw that in Sydney without having to change jobs.
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Old Apr 1st 2011, 9:46 pm
  #56  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by isgraham
From my point of view which is London centric things are going well salaries have gone up at over the rate of inflation in the company I work for I never saw that in Sydney without having to change jobs.
Of course London is the word's largest financial centre alongside New York.
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Old Apr 1st 2011, 11:06 pm
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by commonwealth
Of course London is the word's largest financial centre alongside New York.
It will be Hong Kong within the next 15 years... Unless the Chinese switch it to Shanghai.

I spent 100pct of my UK working life within the square mile. Lombard and Fenchurch Streets.
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Old Apr 1st 2011, 11:30 pm
  #58  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by ozzieeagle
It will be Hong Kong within the next 15 years... Unless the Chinese switch it to Shanghai.

I spent 100pct of my UK working life within the square mile. Lombard and Fenchurch Streets.
There was a bit of an exodus from Hong Kong to Singapore a couple of years ago due to tax reasons. I worked in shitty Beijing for a bit...(after, like you many years in the city - on Camomile Street and then Lower Thames Street). Problem with moving the financial centre there is the time zone's all wrong. Also most of the Chinese companies I used to deal with wouldn't go through clearing houses so they couldn't trade with any one! (coal and freight derivatives).
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Old Apr 2nd 2011, 1:26 am
  #59  
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by Amazulu
Cool. Everyone single person you know is doing well, I know people who are not.

As an outsider, I find the British to be, generally, a pessimistic nation. You don't.

It is what it is.
I am British and i agree with you, as a generalization we are a pessimistic and cynical bunch. A touch of both is not always a bad thing.
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Old Apr 2nd 2011, 1:46 am
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Default Re: UK household disposable income falls for first time in 30 years

Originally Posted by iamthecreaturefromuranus
The views on Thatcher are fascinating.
She seems to be highly regarded by two groups of people. Generally those who lived and worked in the South East during her time and those who were kids/unborn.
She is almost universally loathed by everybody from the UK outside of those two groups.
Left school in her first term, more jobs in my area than you could shake a stick at, everybody in my area loved her and thought most Northerners where a lazy bunch. The impression it left on me was that not everybody suffers when times are tough, i never understood why people just sit and wait for the tide to turn.

As a more mature person today i understand the hardships suffered by many in the UK during her leadership, but there is no denying she changed the country and especially the north for the better.
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