Green shoots?

[trousers]

http://blogs.telegraph.co.uk/news/danhodges/100243010/labour-took-a-gamble-on-the-economy-and-lost-the-voters-have-noticed/

 

So George Osborne wasn’t cutting the economy too far or too fast after all. UK GDP accelerated to 0.8 per cent between July and September, its fastest rate for three years.Over the next week or so there will be lots of attempts to “get behind the back” of today’s growth figures. How trend levels are still below their pre-recession peak. The way the recovery is not yet being felt in people’s pay packets. That it is based on precisely the same sort of explosion in the housing market that precipitated the 2008 crash.

Some, perhaps all, of that analysis may prove to be correct. But in political terms it is just white noise. The Government got the big call on the biggest issue of all right. Labour got it wrong.

Over the past few weeks Labour advisers have been growing increasingly alarmed that their success in shaping the Westminster agenda around soaring energy bills has not been feeding through into the opinion polls. They have also been arguing a “paper recovery” would be meaningless if it didn’t start to ease the cost of living crisis. “People don’t read IMF GDP estimates,” is the line being deployed by Labour spokesmen.

And it’s not a bad line. Some people, particularly on the Labour side, are buying it. But they shouldn’t.

Ed Balls and Ed Miliband took a strategic decision to hold what in football parlance is a “high-line” on the economy. This basically involves pushing your defenders up towards the half-way line in an attempt to catch your opponents off-side. When deployed skilfully, it can be an effective defensive technique; for a time. But sooner or later a well-timed pass and run will see the line breached. And then there is no way back.

This is what’s just happened to Labour. They gambled that the Government’s economic strategy would push the economic and political cycles out of alignment. It hasn’t. They claimed the promised private sector jobs would never materialise, and unemployment would raise. But they did, and it’s fallen. They said Plan A was doomed to failure, and only a Plan B would work. But Plan A has worked after all.

Today’s growth figures will not see an overnight change in either party’s political fortunes. People do not, as the Labour spinners rightly argue, digest growth figures with their cornflakes.

But the message is out there, and it is slowly but surely starting to permeate the consciousness of the electorate. The Conservatives got it right on the economy. And Labour got it wrong.

Dan Hodges

Dan Hodges is a former Labour Party and GMB trade union official, and has managed numerous independent political campaigns. He writes about Labour with tribal loyalty and without reservation.

 

Edited 25 October, 2013 by trousers

[badgerx16]

http://www.bbc.co.uk/news/business-24668687

 

The Institute of Directors' chief economist Graeme Leach said: ............

 

"However, strong headwinds remain and the annual growth rate year on year is nothing to get too excited about yet. Though inflationary pressures are likely to remain benign, debt and inflation are rising faster than earnings.

'More to be done'

 

"By far the biggest challenges remain on the supply side, not the demand side. Supply side constraints mean that the current growth spurt is unlikely to extend beyond next year.

"This stage of our economic recovery is likely to be short and sweet, instead of long and strong."

[trousers]

The Institute of Directors' chief economist Graeme Leach said: ............

 

"However, strong headwinds remain and the annual growth rate year on year is nothing to get too excited about yet. Though inflationary pressures are likely to remain benign, debt and inflation are rising faster than earnings.

'More to be done'

 

"By far the biggest challenges remain on the supply side, not the demand side. Supply side constraints mean that the current growth spurt is unlikely to extend beyond next year.

"This stage of our economic recovery is likely to be short and sweet, instead of long and strong."

 

It's always good to have someone on the forum to highlight the negatives. I wouldn't want there to be too much unbridled positivity on here

[badgerx16]

It's always good to have someone on the forum to highlight the negatives. I wouldn't want there to be too much unbridled positivity on here

 

Just wait 'til the next wave of public sector cuts start to bite.

[Batman]

true measure will be in a year or so.

labour need to have the economy in ruins with unemployment rising in order to have their best chance of power (which is what they want)

 

I dont think that will be the case

[View From The Top]

true measure will be in a year or so.

labour need to have the economy in ruins with unemployment rising in order to have their best chance of power (which is what they want)

 

I dont think that will be the case

 

It'll be another hung parliament.

 

No way the tories will get a majority and Labour don't deserve one yet.

[CB Saint]

Watch out trousers, BTF is on extended recuperation armed with a laptop and time to kill. I 'd get down below the parapet if I were you.

[bridge too far]

Watch out trousers, BTF is on extended recuperation armed with a laptop and time to kill. I 'd get down below the parapet if I were you.

 

Meh - he's far more articulate than me

[buctootim]

Meh - he's far more articulate than me

 

Are you implying Trousers can write? I thought he was only posted links up

[badgerx16]

Meh - he's far more articulate than me

 

Articulate does not equate with correct.

[trousers]

http://www.telegraph.co.uk/finance/economics/10413005/UK-confidence-rises-to-six-year-high-as-shoppers-become-more-savvy.html

[Verbal]

http://www.telegraph.co.uk/finance/economics/10413005/UK-confidence-rises-to-six-year-high-as-shoppers-become-more-savvy.html

 

Yet another slathering Torygraph piece redefining an asset bubble fuelled by quantitative easing - in which the rich get richer and the poor poorer - as 'growth'. As the saying doesn't go, a rising tide lifts all luxury yachts.

 

This is pants, trousers. Must do better.

[trousers]

Pants, my arse

[Guided Missile]

Yet another slathering Torygraph piece redefining an asset bubble fuelled by quantitative easing - in which the rich get richer and the poor poorer - as 'growth'. As the saying doesn't go, a rising tide lifts all luxury yachts.

 

This is pants, trousers. Must do better.

The thing is, there's was a fag paper of width between what cuts the Labour party would have made and that which the coalition have made after the banking collapse and any shade of government would have fed money into an economy starved of it. If you can haul your sorry, left-wing, blinkered arse out of the hole you and your brethren dug yourself by not working harder at school, you may be able to see that the current news regarding the economy is rather good for everyone. You will also see that the latest figures from HM Revenue and Customs show those earning £160,000-a-year – putting them in the top one per cent – will pay 29.8 per cent of all income tax. It has risen sharply in the last decade. In 2003 the same group accounted for just 20 per cent of the total income tax raised. You will also see that in France, where, you may have realised, there is a Socialist government, the economy is going down the drain and one out of four French university graduates wants to emigrate, rising to 80 per cent or 90 per cent in the case of marketable degrees.

Thank God for Jim Ratcliffe, who worked very hard at school, lives locally and killed the Unite union, another bunch of 70's dinosaurs you must really love. The fact is, the left wing has committed suicide in this country. Thank God it wasn't a suicide bomb that might have taken a lot of hard working taxpayers with it...

[alpine_saint]

The thing is, there's was a fag paper of width between what cuts the Labour party would have made and that which the coalition have made after the banking collapse and any shade of government would have fed money into an economy starved of it. If you can haul your sorry, left-wing, blinkered arse out of the hole you and your brethren dug yourself by not working harder at school, you may be able to see that the current news regarding the economy is rather good for everyone. You will also see that the latest figures from HM Revenue and Customs show those earning £160,000-a-year – putting them in the top one per cent – will pay 29.8 per cent of all income tax. It has risen sharply in the last decade. In 2003 the same group accounted for just 20 per cent of the total income tax raised. You will also see that in France, where, you may have realised, there is a Socialist government, the economy is going down the drain and one out of four French university graduates wants to emigrate, rising to 80 per cent or 90 per cent in the case of marketable degrees.

Thank God for Jim Ratcliffe, who worked very hard at school, lives locally and killed the Unite union, another bunch of 70's dinosaurs you must really love. The fact is, the left wing has committed suicide in this country. Thank God it wasn't a suicide bomb that might have taken a lot of hard working taxpayers with it...

 

[trousers]

The thing is, there's was a fag paper of width between what cuts the Labour party would have made and that which the coalition have made after the banking collapse and any shade of government would have fed money into an economy starved of it. If you can haul your sorry, left-wing, blinkered arse out of the hole you and your brethren dug yourself by not working harder at school, you may be able to see that the current news regarding the economy is rather good for everyone. You will also see that the latest figures from HM Revenue and Customs show those earning £160,000-a-year – putting them in the top one per cent – will pay 29.8 per cent of all income tax. It has risen sharply in the last decade. In 2003 the same group accounted for just 20 per cent of the total income tax raised. You will also see that in France, where, you may have realised, there is a Socialist government, the economy is going down the drain and one out of four French university graduates wants to emigrate, rising to 80 per cent or 90 per cent in the case of marketable degrees.

Thank God for Jim Ratcliffe, who worked very hard at school, lives locally and killed the Unite union, another bunch of 70's dinosaurs you must really love. The fact is, the left wing has committed suicide in this country. Thank God it wasn't a suicide bomb that might have taken a lot of hard working taxpayers with it...

 

*takes cover*

[trousers]

Edit: duplicate post (just for a change on this forum...)

[saintfully]

All we need now is Lord Duckhunter and the four horsemen of the apocalpse have arrived!

[View From The Top]

There is a chap who posts on here, a very good friend of mind, works in The City, works hard for it as well and is very, very well rewarded for his endeavours.

 

When QE started and continued, along with low interest rates, he said to me that only an idiot couldn't get rich through the next couple if years.

 

It appears, to me, that those who led us to the edge have done very well out if it whilst the rest if us have suffered.

[Guided Missile]

There is a chap who posts on here, a very good friend of mind, works in The City, works hard for it as well and is very, very well rewarded for his endeavours.

 

When QE started and continued, along with low interest rates, he said to me that only an idiot couldn't get rich through the next couple if years.

 

It appears, to me, that those who led us to the edge have done very well out if it whilst the rest if us have suffered.

I'm assuming you don't expect to get rich through the next couple of years...

[Verbal]

The thing is, there's was a fag paper of width between what cuts the Labour party would have made and that which the coalition have made after the banking collapse and any shade of government would have fed money into an economy starved of it. If you can haul your sorry, left-wing, blinkered arse out of the hole you and your brethren dug yourself by not working harder at school, you may be able to see that the current news regarding the economy is rather good for everyone. You will also see that the latest figures from HM Revenue and Customs show those earning £160,000-a-year – putting them in the top one per cent – will pay 29.8 per cent of all income tax. It has risen sharply in the last decade. In 2003 the same group accounted for just 20 per cent of the total income tax raised. You will also see that in France, where, you may have realised, there is a Socialist government, the economy is going down the drain and one out of four French university graduates wants to emigrate, rising to 80 per cent or 90 per cent in the case of marketable degrees.

Thank God for Jim Ratcliffe, who worked very hard at school, lives locally and killed the Unite union, another bunch of 70's dinosaurs you must really love. The fact is, the left wing has committed suicide in this country. Thank God it wasn't a suicide bomb that might have taken a lot of hard working taxpayers with it...

 

What the **** are you whining about? If you're inferring from my earlier post that I'm some sort of crypto-Trotskyist, you're hopelessly wrong. In the last elections I voted in - local ones - I voted Tory. You, on the other hand, seem to be engaging in elephantinely dumbed-down whataboutery. And in getting yourself into such a stupor that you've evidently forgotten what the point was.

 

So un-jerk your knee, engage your brain, and deal sensibly and rationally with the problem at hand: that printing money has just handed it (as VFTT says) to some of the very people who dropped the rest of us in the **** on the first place, and taken it from everyone else (this is a regional and a class thing). Also, try reading up some basic economics - try in other words to understand what quantitative easing is, how it works, and its function in the most significant redistribution of wealth from the poor (and increasingly, the middle class) to the rich this and the last century. These are real effects, not tawdry party-political points.

 

You might also discover that "those earning £160,000 or more" and paying such a high proportion of all income tax is actually evidence of the extent that wealth has been redistributed to the wealthy, rather than the Orwellian, back-to-front conclusion you try to draw.

 

If you'd like me to suggest some reading material for you, just ask - happy to oblige in the education of those so clearly in need. Here's a starter: Ha Joon Chang's "23 Things They Don't Tell You About Capitalism". Let me know when you've finished it and I'll set you some questions. Then maybe you can avoid such incoherent, Blimpishly apoplectic droppings.

 

Think of it as a favour from me to you.

[Guided Missile]

If you'd like me to suggest some reading material for you, just ask - happy to oblige in the education of those so clearly in need. Here's a starter: Ha Joon Chang's "23 Things They Don't Tell You About Capitalism". Let me know when you've finished it and I'll set you some questions. Then maybe you can avoid such incoherent, Blimpishly apoplectic droppings.

 

Think of it as a favour from me to you.

Rather than Colonel Blimp, I come from the school of philosophy that asks the question, "If You're so F***ing Smart, Why Aren't You Rich?". Well, I happen to be rich and I'm guessing from your deep concerns that someone's getting rich from your bank account, that you're not.

 

So, excuse me if I don't rush out and buy any of the reading material that feed your envy. They have obviously landed you in a bitter place of lower middle class poverty that is somewhere I don't want to visit...

[Verbal]

Rather than Colonel Blimp, I come from the school of philosophy that asks the question, "If You're so F***ing Smart, Why Aren't You Rich?". Well, I happen to be rich and I'm guessing from your deep concerns that someone's getting rich from your bank account, that you're not.

 

So, excuse me if I don't rush out and buy any of the reading material that feed your envy. They have obviously landed you in a bitter place of lower middle class poverty that is somewhere I don't want to visit...

 

And your response to my helpful plea for rational, clear thinking is to wave your imaginary bank balance at us? That is SO funny, sad and pathetic, all rolled into one! Forget Ha Joon Chang. Try anything by Enid Blyton. You've got to start somewhere.

 

Now back to the question at hand. Do enlighten us as to your views about the effect of QE on the redsitribution of wealth. Go...

[Guided Missile]

And your response to my helpful plea for rational, clear thinking is to wave your imaginary bank balance at us? That is SO funny, sad and pathetic, all rolled into one! Forget Ha Joon Chang. Try anything by Enid Blyton. You've got to start somewhere.

 

Now back to the question at hand. Do enlighten us as to your views about the effect of QE on the redsitribution of wealth. Go...

 

Watch this while I get back to running a business and try not to dribble too much...

[saintbletch]

Rather than Colonel Blimp, I come from the school of philosophy that asks the question, "If You're so F***ing Smart, Why Aren't You Rich?". Well, I happen to be rich and I'm guessing from your deep concerns that someone's getting rich from your bank account, that you're not.

 

So, excuse me if I don't rush out and buy any of the reading material that feed your envy. They have obviously landed you in a bitter place of lower middle class poverty that is somewhere I don't want to visit...

 

Genuinely pleased for you, but out of interest what measurement of wealth are you using?

[Guided Missile]

Genuinely pleased for you, but out of interest what measurement of wealth are you using?

Tens of thousands....

[Wes Tender]

After the last couple of posts, I'm reminded of this:-

 

[Guided Missile]

Forget Ha Joon Chang. Try anything by Enid Blyton. You've got to start somewhere.

 

You were right. It's f*** ing brilliant:

 

One day, Noddy woke up and discovered he didn't have enough money to buy a new car, since his old one was written off, when he ran into Mr. Jumbo, after a wicked night-out with Mr. Wobbly Man. He went to see Big-Ears, a wise, bearded gnome who lives in a toadstool house outside of Toytown, to ask his advice.

 

"What we need to do," Big Ears told Noddy, "is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income. The widely accepted assertion that, only if you let markets be, will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity, will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people."

 

Noddy listened carefully and thanked his friend for his advice and left his toadstool. He stood outside and thought about what he had heard. "What a load of Marxist b0ll0x", he said to himself. "The rich will never let me have their money, because they were poor once and definitely don't want to go back to that again. Only the politicians can get money off the rich, by taxing the cr@p out of them. They then enrich themselves as much as they can, because they can't make money any other way. Unlike me, those fu ckers have nice cars," he thought "especially that fu cking Lord "Two Jags" Tubby Bear", (Noddy's next door neighbour and former Labour MP.)

 

Noddy was determined to make enough money for a car, so he decided to sell sh !t, that the poor in Toytown don't need, but will buy because they are thick. Very soon, Noddy was selling iPhones from a new shop he had started, called "Phones4U on Benefits". He made a lot of money from the poor living in Toytown and very quickly was able to buy himself a new car. He drove over to see Big Ears, to show him his new car. "Fu ck off Noddy, you little bourgeois c***, it's bad enough those Gollies moving into Toytown taking our jobs, without you driving around in a new car."

 

He then asked Noddy if he could give him a lift to the casino, where he was meeting a stripper.

[saintbletch]

Tens of thousands....

 

Oh.

[View From The Top]

I'm assuming you don't expect to get rich through the next couple of years...

 

At least you don't even pretend to be an adult.

[pap]

Oh.

 

I'm giving up work as soon as I've 21K in the bank.

 

Rich then, innit?

[saintbletch]

I'm giving up work as soon as I've 21K in the bank.

 

Rich then, innit?

 

Yes pap, I must admit I was a little underwhelmed.

 

Reminded me of this...

 

[badgerx16]

"What's the point in being rich,

if you don't know what to do with it,

'cause you're so bleeding thick"

 

J Cocker ( "Mishapes" )

Edited 30 October, 2013 by badgerx16

[Guided Missile]

"What's the point in being rich,

if you don't know what to do with it,

'cause you're so bleeding thick"

 

J Cocker ( "Mishapes" )

Joe Cocker has a net worth of $60 million...

[badgerx16]

Joe Cocker has a net worth of $60 million...

 

JARVIS Cocker probably has quite a bit as well.

[pap]

Joe Cocker has a net worth of $60 million...

 

Blimey. You know less about modern music than Verbal. Given that he is unaware of these new-fangled "electric" guitars, that's saying something.

[Guided Missile]

JARVIS Cocker probably has quite a bit as well.

"It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 50-year-old Jarvis Cocker has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2013 with an estimated $75 million in combined earnings."

Joe Cocker....you have to laugh....

Edited 30 October, 2013 by Guided Missile
I'm a ****

[Verbal]

Blimey. You know less about modern music than Verbal. Given that he is unaware of these new-fangled "electric" guitars, that's saying something.

 

Just to derail the thread for a second, what does this mean exactly? As the owner of a number of guitars over the years, including several Fender Strats, a '64 Jaguar (with rare 'A' neck), a Rickenbacker 360 12-string, and a lap steel whose previous owner was John Entwistle, I find this a bit odd. My present favourite is a master-built (by Gene Baker) '66 Strat, with pick-ups carrying the legendary initials 'AY' (and a date - you know what those initials mean?). I'm perfectly happy to be enlightened as to what I don't know about guitars - but what would that be from you exactly? Or are you, as usual, making stuff up?

 

Incidentally, by GM's measure I must be a mega-wealthy oligarch, having sold a particularly rare Strat to a well-known American guitarist. Must give the hurry-up on that super-yacht order...

 

Back on track, I notice that the Telegraph, in a story tucked away in the Business section, rather undermined the story that prompted the trousers trumpet. The economy is flooded with liquidity - meaning it's flowing into and massively inflating asset values, at the expense of business investment. Or, to put it another way, we're rapidly inflating the next bubble. (GM, you might want to look at M2 money supply, or my post no.590 - although both are probably too technical for you.)

[Guided Missile]

Back on track, I notice that the Telegraph, in a story tucked away in the Business section, rather undermined the story that prompted the trousers trumpet. The economy is flooded with liquidity - meaning it's flowing into and massively inflating asset values, at the expense of business investment. Or, to put it another way, we're rapidly inflating the next bubble.

Is this the story, Jimi?

 

Britain leads economic recovery in Europe - accountants

 

Eurozone improvements have created turning point for UK business, says ACCA survey

 

The UK has benefited from a glut of investment from investors pulling money out of emerging markets on fears of a US tapering of QE

By Szu Ping Chan

 

3:52PM GMT 30 Oct 2013

 

Britain is leading the economic recovery in Europe, amid looser funding conditions and a flurry of private investment that has boosted confidence. Almost two thirds of respondents to the Association of Chartered Certified Accountants (ACCA) quarterly economic survey said they believed that the economy had improved in the three months to September 30, up from 42pc in the second quarter. Improvements in the eurozone had created a turning point for UK business in the past year, according to the ACCA, especially in the financial sector, where lenders are heavily exposed to European banks. "Ever since European Central Bank president Mario Draghi's 'Whatever it takes moment', there's been a significant difference to the readings we get in both western and eastern Europe," said Manos Schizas, a senior economic analyst at the ACCA."The fact that the eurozone crisis now feels quite contained puts a lot less pressure on UK banks than there previously was."

 

Related Articles

 

• UK confidence rises to six-year high as shoppers become more savvy
  30 Oct 2013
  
• Mortgage rates at record low as approvals climb
  29 Oct 2013
  
• UK recovery in 2013 better than thought
  26 Sep 2013
  

 

The ACCA also said respondents had reported a "dramatic improvement in access to growth capital" over the past six months, as well as greater access to funding due to the Government's flagship Funding for Lending scheme, which encourages banks to lend in return for cheap credit.

The UK, which has outperformed Germany for the past nine months, had also benefited from a glut of investment from overseas investors who, fearful of a correction arising from the tapering of America's $85bn-a-month bond buying programme, had pulled their money out of emerging markets and put it into perceived safe havens such as the UK property market.

"Investors are pulling money out of anything risky and opaque, so a lot of money that would have been put into EM is being repatriated to the West where it ends up in things like real estate," said Mr Schizas.

The survey of more than 2,000 respondents also found that more businesses approved of Chancellor George Osborne's economic policies, with only 10pc of respondents believing the government was cutting too far and too fast.

 

However, the ACCA also found that business investment still lagged behind access to capital, mainly because of a lack of viable projects, or a shortage of employees with the correct skills.

[trousers]

http://www.telegraph.co.uk/finance/economics/10423962/UK-growth-looks-set-to-be-fastest-in-the-West.html

[trousers]

http://www.telegraph.co.uk/finance/economics/10427815/UK-growth-to-outpace-Germany-for-next-two-years.html

 

[badgerx16]

http://www.theguardian.com/local-government-network/2013/nov/11/big-council-budget-cuts-clive-betts

 

"Between 2010 and 2015, government funding to local government will be cut by 43% in real terms, which is more than twice the level of cuts experienced across government as a whole.

Recently, Cameron repeated a statement first made by George Osborne in the June spending review advising that the latest revision – described as a 'technical adjustment' – would mean just an extra 2.3% cut in the next few years. Independent experts suggest the figure is closer to an extra 10%

Neither the Treasury nor the Department for Communities and Local Government will say how they arrived at this 2.3% figure. It rather suggests that the calculation is based on adding apples and pears and dividing by cabbage. I've now written to the prime minister asking him to set out his calculations forthwith."

 

"Cameron's own Conservative-controlled Oxfordshire is planning to shut 37 of its 44 Surestart Children's Centres in direct contravention of the pledge he himself made in 2010."

 

"What most of the media and the public haven't yet realised is that most of the big cuts in council services are yet to come. In the next six months, we will see councils proposing service closures and big fee increases in a whole range of services and that will continue over the next three years at least."

 

We've just been told that our probable budget reduction for 2015-16 is 3 times what was originally outlined in April.

[Guided Missile]

We've just been told that our probable budget reduction for 2015-16 is 3 times what was originally outlined in April.

 

Cry me a river...

[badgerx16]

Cry me a river...

 

I'd rather worry for the people dependent upon the Social Care we provide who face cuts in services and increases in charges, but you stay safe in your ivory tower with your 'I'm alright Jack' attitude. I hope that you stay fit, healthy, and in long term possession of your ( limited ) faculties, so that you don't have to fall back onto what will remain of the welfare system.

[trousers]

http://www.telegraph.co.uk/finance/economics/10457384/UK-growing-at-fastest-rate-in-developed-world-says-OECD.html

 

Britain is now the fastest growing economy in the developed world, Organisation for Economic Co-operation and Development (OECD) data confirmed on Monday.

[buctootim]

Britain is now the fastest growing economy in the developed world, Organisation for Economic Co-operation and Development (OECD) data confirmed on Monday.

http://www.telegraph.co.uk/finance/economics/10457384/UK-growing-at-fastest-rate-in-developed-world-says-OECD.html

 

 

For one three month snapshot, but much less than countries like Japan on an annual basis (2.6%pa). With year on year growth at 1.5% Britain was only marginally above the OECD average of 1.4%. Nearly six years from the onset of recession growth remains well below the long term norm.

Edited 19 November, 2013 by buctootim

[trousers]

Chris Williamson ‏@WilliamsonChris

UK #construction industry booms as house building growth hits 10-year high #PMI. Full analysis http://bit.ly/1g1SI8G

Civil engineering and commercial #construction are also surging alongside housing upturn http:/

 

 

Edited 3 December, 2013 by trousers

[buctootim]

[pap]

Gotta wonder how soon that construction bubble will crash. Bank of England stopped pumping money into help to buy this week.

[buctootim]

Autumn Statement: UK growth 'hides disappointing news'

http://www.bbc.co.uk/news/business-25258963