Zen10

Youth unemployment is up though, which is never a good sign. Plus, I read today that UK's public finances are in the red again, unexpectedly.

http://www.telegraph.co.uk/finance/b...kets-live.html

chris955

There you go, every silver lining has a cloud.

Zen10

Don't shoot the messenger. I'm just posting a report I read today. I'm not responsible for the state of the UK economy.

Bud the Wiser

State of the UK economy wonderfully described as "Alice in Wongaland."

http://www.telegraph.co.uk/finance/e...d-economy.html

chris955

Try posting some nice positive news, it can be really therapeutic

If the OP has managed to retain a small fragment of the will to life I will say again, the answer to the original question 762 pages ago is still NO.

dunroving

http://positivenews.org.uk/

Bud the Wiser

Thanks for the link. I'll bookmark that one.

Here's a finance one I've posted before.

http://www.telegraph.co.uk/finance/good-news/

roaringmouse

How would just posting positive news help anyone wanting to know the current situation in the UK. It's not all positive, and is probably more negative than positive on the spectrum.

The current official unemployment rate is 7.8% - this is high. Not as high as certain other European countries, but high nonetheless.

The official interest rate set by the Bank of England has been 0.5% since March 2009 - that is not good. As it is now tied to unemployment falling to 7% (still high unemployment), the rate is unlikely to change for 2-3 years unless inflation forces a change. That is potentially 7 years of effective zero interest rate.

A news article in June suggests that the 2020 general election could be an "austerity" election. That means at least 10 years, probably much more, of so called austerity measures.

Of course, most of this doesn't have any affect on you personally, but it does on a whole load of people. The situation in the UK is not good - exactly where it lies on the spectrum is down to personal situations, but over all it cannot be described honestly as good.

chris955

I didnt say anything about only posting positive news.

Giantaxe

It may not be good for savers but it is certainly good for borrowers, for example small businesses that need funds to grow. The problem is not so much low interest rates, imo, but the unwillingness of British banks to lend. Bank lending is way below pre-07/08 levels, which can't be good for the economy.

chris955

Yes I agree, it has been fantastic for those with mortgages which is the majority. Seeing as most people have way more in loans than they do in savings the low rates are a real bonus. Lending is starting to increase but institutions are understandably wary of making money too easily accessible but they have gone too far the other way at the moment.

roaringmouse

The official interest rate is more of an indication of the economy, rather than whether it affects borrowers or savers.

chris955

http://www.grant-thornton.co.uk/en/M...ince-Q2-2010-/

http://www.express.co.uk/news/uk/419...re-set-to-boom

http://www.theguardian.com/business/...est-since-2011

roaringmouse

If you wish to be part of a discussion, then you need to actually discuss rather than just place links into a post. At the moment your post is meaningless.

chris955

I have been part of the discussion from the start.