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BANGKOK 17 August 2019 17:30
snoop1130

UK jobs market shines, but clouds on horizon

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53 minutes ago, JonnyF said:

I found the same thing when I was back there. Shopping malls packed, couldn't get a seat at restaurants without booking, new cars everywhere. I was expecting doom and gloom but in hindsight maybe I'd read too many Guardian/Reuters articles trying to talk the UK into recession.

The problem with that observation is to determine the health of an economy you need to cast your gaze a little wider than those who have money to spend. If you are wandering around a shopping mall you can expect the people there are spending money.

 

You might also consider the fact that much spending is credit at the cost of savings. 

 

 

https://www.ft.com/content/1ea8527a-5464-11e9-91f9-b6515a54c5b1 

 

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5 hours ago, JonnyF said:

No "despite Brexit" in there? I'm shocked.

 

Luckily The Guardian didn't disappoint.

 

https://www.theguardian.com/money/2019/aug/13/uk-wages-rise-at-fastest-rate-for-a-decade-despite-brexit-risks

 

https://www.theguardian.com/business/2019/jul/29/uk-employment-rate-resilient-despite-brexit-uncertainty

 

Remainers won't like this at all. More positive news from the UK. Tsk Tsk.

You think the latest trade figures were positive , what are you smoking.

There is a completely unbiased indicator of where our economy is at a given time , its the Sterling rate , positive right ?

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