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UK Economy Emerges From Six-Year Downturn
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Old 13-08-2014, 12:21   #31
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Re: UK Economy Emerges From Six-Year Downturn

Don't the financial figures lag behind the politics by several years (I think I read 7 somewhere)? So we won't see the real results of the current political measures for another year or so. This means if labour get in, and we see an upturn in "fortunes" they will claim the success but really it's not theirs to claim. They will then spend (as labour do) before leaving power and letting the following government get it as the finances catch up again.

As for personal circumstances, yes we are worse off than we were but we are fortunate to be able to weather it for the moment. Others really are struggling.
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Old 13-08-2014, 12:48   #32
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Re: UK Economy Emerges From Six-Year Downturn

Somebody please tell me how Arthur can come on here nearly everyday, spout some rubbish; get mocked for it then the actual facts come out and he hardly ever comes back to defend himself...and yet he still comes back the next day to do it all again...

I'm beginning to think Arthur is one of the CF Team baiting us up for a lively discussion!
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Old 13-08-2014, 12:49   #33
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Re: UK Economy Emerges From Six-Year Downturn

Quote:
Originally Posted by Ignitionnet View Post
Are people really doing well or doing well compared with a horrible past few years?
I would say that we (Wife & I) are in a better financial position than we were at any point in the last 5 years. My money has only increased by 1% and my wife's by about 2.5-3%
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Old 13-08-2014, 14:08   #34
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Re: UK Economy Emerges From Six-Year Downturn

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Frances Coppola @Frances_Coppola · 5m
I don't like the implications of the combination of rising unemployment with sticky prices and anchored inflation expectations.

implies that 1) in a downturn firms sell off inventory at pre-recession prices 2) firms use workers as countercyclical buffer.

implies that when sales volumes fall firms prefer to lay off workers rather than cut prices.

Rising unemployment + sticky prices = human misery.....
Ah capitalism.
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Old 13-08-2014, 18:44   #35
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Re: UK Economy Emerges From Six-Year Downturn

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Originally Posted by LSainsbury View Post
Somebody please tell me how Arthur can come on here nearly everyday, spout some rubbish; get mocked for it then the actual facts come out and he hardly ever comes back to defend himself...and yet he still comes back the next day to do it all again...

I'm beginning to think Arthur is one of the CF Team baiting us up for a lively discussion!
That must be it! A cynical ploy to up the post count. Let's face it nobody could really be so impervious to reason could they...
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Old 14-08-2014, 21:45   #36
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Re: UK Economy Emerges From Six-Year Downturn

Just seen the Tonight program on ITV about doctors surgeries closing due to the lack of funding and with a shortage of 10,000 doctors and 10,000 support staff. People are actually waiting to see a doctor up to three weeks! AUSTERITY is alive and kicking.

I am extremely relieved that I did not get the job at Unipart Automotive... they have gone into administration with the loss of 1244 jobs.
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Old 14-08-2014, 22:05   #37
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Re: UK Economy Emerges From Six-Year Downturn

Quote:
Originally Posted by richard s View Post
Just seen the Tonight program on ITV about doctors surgeries closing due to the lack of funding and with a shortage of 10,000 doctors and 10,000 support staff. People are actually waiting to see a doctor up to three weeks!
I'm quite lucky, only a little over 2.5 weeks on average here as the surgeries work to do more with less money.

This isn't austerity though, it's wearing down the NHS to make privatisation easier and get all those MPs attached to private companies that will/have bid for the contracts some serious coin.
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Old 14-08-2014, 22:09   #38
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Re: UK Economy Emerges From Six-Year Downturn

Quote:
Originally Posted by richard s View Post
Just seen the Tonight program on ITV about doctors surgeries closing due to the lack of funding and with a shortage of 10,000 doctors and 10,000 support staff. People are actually waiting to see a doctor up to three weeks! AUSTERITY is alive and kicking. I am extremely relieved that I did not get the job at Unipart Automotive... they have gone into administration with the loss of 1244 jobs.
How can a shortage of 10,000 doctors be down to lack of funding? It's more to do with a flood of people coming into the country and GPs that only want to work part time eg 1.5 days a week.

You can normally get same day appointments, but for non urgent or pre-arranged follow up appointments then it will be longer.

not a new issue
Quote:
Market Drayton’s Medical Practice has come under scathing attack online with patients angry at the length of time it takes to see a doctor.
More than 100 comments have been made on the Drayton Crier Facebook page with town residents calling for change following the introduction of the Triage appointment system back in February 2009.
The majority of people claim it takes at least three or four weeks to get an appointment with their doctor while others say it is impossible to see a GP outside of typical working hours.
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Old 14-08-2014, 22:14   #39
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Re: UK Economy Emerges From Six-Year Downturn

Quote:
Originally Posted by nomadking View Post
How can a shortage of 10,000 doctors be down to lack of funding? It's more to do with a flood of people coming into the country and GPs that only want to work part time eg 1.5 days a week.

You can normally get same day appointments, but for non urgent or pre-arranged follow up appointments then it will be longer.
GPs are having their budgets cut, and the budget for general practice as a whole is being cut as a proportion of the NHS budget.

Even if they were seeing the same amount of patients waiting times would be increasing.

Still let's blame the immigrants.
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Old 20-08-2014, 15:05   #40
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Re: UK Economy Emerges From Six-Year Downturn

A few bits on this 'recovery'.

Wonder how the working tax credit bill, that thing you can claim if self-employed even if you make nothing, is going?

First it was shoving the unemployed onto disability, now it seems it's getting them self-'employed' that's the masterplan. Not only does it get them off the dole claimant list, it gets them onto the list of the economically active - genius!
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Old 20-08-2014, 15:41   #41
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Re: UK Economy Emerges From Six-Year Downturn

The other great benefit about the self employed is you can count them as employed in the unemployment statistics but then ignore them in the average wage calculation

http://www.resolutionfoundation.org/...nings-measure/

Quote:
Key Findings

At points, average earnings would have been higher had the data captured the self-employed as well as employees, but since the downturn they would have been consistently lower
Including the self-employed in our most timely earnings barometer would have worsened our view of the fall in earnings since the pre-recession peak by between 20 and 30 per cent
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Old 20-08-2014, 21:10   #42
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Re: UK Economy Emerges From Six-Year Downturn

Self-employment earnings can distort the figure though, because you get to deduct a useful amount for expenses that pay for things you would have to pay out of net pay if you were an employee - especially if you work from home.
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Old 20-08-2014, 21:13   #43
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Re: UK Economy Emerges From Six-Year Downturn

And quite a few self-employed pay themselves a low wage, and then use yearly profits to provide a dividend (at a lower rate of tax).

I know a number of IT Contractors who pay themselves a salary just under the 40% tax bracket, and the rest as a yearly dividend.
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Old 20-08-2014, 21:46   #44
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Re: UK Economy Emerges From Six-Year Downturn

As the self-employed don't appear in the compensation figures though as far as I'm aware it's not an issue. Wages really do suck as badly as the figures suggest, though that's what happens when the very top of the food chain get to take everyone else's money during economic recoveries.
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