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U.K. Economy picking up?

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Re: U.K. Economy picking up?

Post  Badboy on Sat 8 Jun - 0:29

there does seem to be a uplift in manufacturing ETC

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Re: U.K. Economy picking up?

Post  Badboy on Thu 27 Jun - 16:29

I SEE ON EC THREAD THAT DEBENHAMS ARE TO CREATE 439 JOBS,IN RESPONCE TO ONLINE DEMAND?.
JOHNLEWIS AT HOME/WAITROSE MIGHT OPEN A BRANCH IN MY TOWN.

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Re: U.K. Economy picking up?

Post  Panda on Thu 27 Jun - 20:24

Badboy wrote:I SEE ON EC THREAD THAT DEBENHAMS ARE TO CREATE 439 JOBS,IN RESPONCE TO ONLINE DEMAND?.
JOHNLEWIS AT HOME/WAITROSE MIGHT OPEN A BRANCH IN MY TOWN.

It is still very fragile Badboy , only a couple of days ago I read 2000 jobs were to be lost....can't remember the name of the Firm though.

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Re: U.K. Economy picking up?

Post  wjk on Thu 27 Jun - 21:34

Was it Direct Line, Panda?

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Re: U.K. Economy picking up?

Post  Badboy on Fri 28 Jun - 0:12

wjk wrote:Was it Direct Line, Panda?
that what I read in guardian today

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Re: U.K. Economy picking up?

Post  Badboy on Mon 8 Jul - 17:14

JAGUAR IS CREATING 800? JOBS, THEY ARE EXPORTING LUXURY CARS TO CHINA

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Re: U.K. Economy picking up?

Post  Lioned on Mon 8 Jul - 20:07

Badboy wrote:JAGUAR IS CREATING 800? JOBS, THEY ARE EXPORTING LUXURY CARS TO CHINA


That should be funny.I can just see them workers in the paddy fields riding home with the jaguar crest on the front of their rickshaws.


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Re: U.K. Economy picking up?

Post  Badboy on Mon 15 Jul - 14:25

THE HEAT HAS LEAD TO MORE SAUSAGES,WATER,BBQ EQUIMENT ETC ETCC BEING SOLD.

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Re: U.K. Economy picking up?

Post  Guest on Mon 15 Jul - 16:43

well there won't be as many burger buns, as Bradfords have gone into receivership. Folk outside Scotland won't know them, but they are a pretty big Glasgow baker's chain that have been in business since 1924.

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Re: U.K. Economy picking up?

Post  Badboy on Sat 20 Jul - 0:20

sports direct is to give £100,000 bonuses for 2,000 staff.

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Re: U.K. Economy picking up?

Post  Guest on Sat 20 Jul - 0:47

Badboy wrote:sports direct is to give £100,000 bonuses for 2,000 staff.

£50 each, I hope they don't spend it all in the one shop!

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Re: U.K. Economy picking up?

Post  Panda on Sun 21 Jul - 7:58

Economy Figures Set To Show 'Positive Growth'Data is due to show the economy grew by around 0.5% over April, May and June - but analysts say the recovery is still fragile.6:48am UK, Sunday 21 July 2013 Video: Confidence Over Britain's Economy
Enlarge EmailBy Tadhg Enright, Business Reporter

Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week.

Analysts expect the Office for National Statistics to say that the economy grew by around 0.5% when it reveals its preliminary estimate for Q2 GDP on Thursday.

They point to several important economic indicators which have been positive in recent months.

Consumer confidence was at a 25 months high in June. Business confidence in Q2 was at its highest since 2007.

Retail sales volumes rose by 0.9% between Q1 and Q2. New car sales were 13.4% higher in June compared with the same month last year.


Economist Vicky Pryce says consumers are more confident in spending money

Former government economic advisor Vicky Pryce told Sky News: "I think what's going on right now is that the consumer is very keen on spending. The consumer has reduced his savings ratio very substantially from about 7% a year ago to about 4% now so they are spending their way out of this recession.

"It's not because they're earning an awful lot more because of course average earnings have not really moved very much and there all sorts of restrictions in terms of public sector wages so they are suffering a little bit from that. But they are feeling a lot more confident so they're out there spending."

Even the International Monetary Fund, which recently encouraged the Government to ease public spending cuts, has revised upwards its forecast for UK economic growth in 2013 from 0.7% to 0.9%.

However, some of the economy's biggest problems remain with more Government cutbacks still on the horizon, banks still reluctant to lend and consumer prices rising at a faster rate than average wages.


There are also signs of a resurgence in the property market

Howard Archer, chief UK & European economist at IHS Global Insight, said: "There are still significant headwinds to growth which suggest that the upside for growth will be limited for some time to come and that the economy will likely remain prone to periodic losses of momentum.

"While we are encouraged by the recent extended and diverse good news on the UK economy, we currently remain cautious in markedly raising our GDP growth forecasts - especially given the many false dawns that there have been in recent times and the fact that events in the eurozone still pose a significant threat."

There is also mounting evidence of a resurgence in the property market with house prices rising in June and mortgage approvals at a 41 month high in May.

However critics of the Government's homebuying incentives such as Help to Buy have warned that it risks fuelling a property bubble.

Brunel University professor Moorad Choudhry told Sky News: "I'd like to ask why is the Government subsidising house purchases? That is something we got out of years back when we unwound tax relief on mortgages' interest.

"If I inject cheap money into the stock market and it rises, that's not genuine growth. It's conceptually similar to subsidising anything and it's a false growth."

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Re: U.K. Economy picking up?

Post  Badboy on Sun 21 Jul - 23:14

I THINK I WILL MENTION THE MILLENDREATH TO THE EAST OF LOOE WHICH IS EXPECTED TO CREATE 100 JOBS AMD IS EXPECTED TO INJECT 5-6MILLION POUNDS INTO THE LOCAL ECONOMY.

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Gearge Osborne held his nerve, Labour is on the back foot

Post  Panda on Fri 26 Jul - 18:34

George Osborne held his nerve. Labour is on the back foot
In times gone by, before coalition government was in vogue, David Cameron would have spent his summer break in the Mediterranean plotting whether to call a snap general election.
Image 5 of 5Chancellor of the Exchequer George Osborne meets workers on a section of the M6 motorway near Birmingham where he saw a road management scheme being constructed whilst the road was closed Photo: Stefan Rousseau/PA
Image 5 of 5George Osborne visits the Warburtons bakery in Wednesbury near Birmingham (PA)
Image 5 of 5Chancellor of the Exchequer George Osborne meets staff at Warburtons Bakery in Wednesbury near Birmingham Photo: Stefan Rousseau/PA
Image 5 of 5Chancellor of the Exchequer George Osborne meets staff at Tesco's National Distribution Centre near Rugby Photo: Stefan Rousseau/PA


Image 5 of 5
Chancellor of the Exchequer George Osborne meets workers on a section of the M6 motorway near Birmingham where he saw a road management scheme being constructed whilst the road was closed Photo: Stefan Rousseau/PA

By Robert Winnett, Political Editor
10:27AM BST 26 Jul 2013
The past few weeks and months have witnessed an extraordinary turnaround for Mr Cameron and his government – both politically and economically.

At the beginning of the year, the talk was of a plot to remove Mr Cameron and a triple–dip recession. But there was not even a double–dip recession. Meanwhile, Conservative MPs are queuing up to have their burgers flipped in the Downing Street garden and grab a few minutes with their newly all–powerful leader.

Yesterday's economic figures appear to bring vindication to George Osborne who has repeatedly warned Conservatives that they must stick the course and hold their nerve.

All the pressure is now being felt in the red corner. Ed Balls appears to have made a major strategic error in claiming that the Government's austerity programme would derail the economy.

He attempted to shift position last month and accept public spending cuts, but, in the eyes of the public, the best that could now be said of Labour's economic strategy is that it is confused.

For an opposition which has a finite opportunity to mould its public reputation, time may fast be running out. Ed Miliband has said that sorting out the party's relationship with the unions will drag on until a conference in March, setting up nearly nine months of internal navel gazing.

Balls has spent this week in America frantically trying to draw attention to the difference between the British and US recoveries. But, the forthcoming Labour conference is looking like a make–or–break moment for the shadow chancellor who will now have to present a compelling economic strategy to a sceptical public. Mr Miliband may soon have to reshape his front–bench team to allow a major shift in position or face defeat come 2015.

The biggest danger facing the Coalition is complacency. On paper, the economic figures are improving and the big political/economic strategy argument appears to have been won. But, the experience of ordinary Britons is still bleak. Wages have lagged behind prices in the shops for years and there is very little sense of the economic good times returning.

Mr Osborne and Mr Cameron must walk a fine line between gently encouraging the return of consumer and business confidence – without seeming too optimistic and out of touch. The advice on how to deliver this message is being carefully choreographed by Lynton Crosby.

Over the past few weeks, many in Downing Street have begun to believe that the election in 2015 has already been won. But two years is a long time in politics and will give Mr Miliband plenty of time to regroup. Mr Cameron may yet regret losing his ability to seize the moment and call an election at the time of his choosing.

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Re: U.K. Economy picking up?

Post  Badboy on Tue 30 Jul - 23:33

SOME ICECREAM FACTORIES HAVE INCREASED STAFF AS A RESULT OF INCREASED EMAND IN THIS HOT WEATHER.

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Re: U.K. Economy picking up?

Post  Panda on Fri 2 Aug - 8:12

UK recovery picks up speed as manufacturing roars back to life
British factories are roaring back to life, the recovery is “picking up speed”, and risks are abating, economists declared after a surprisingly strong manufacturing rebound in July.

UK manufacturing has gathered speed this year
By Philip Aldrick, Economics Editor
10:41AM BST 01 Aug 2013
224 Comments
The pound strengthened after the July purchasing managers index for manufacturing jumped to 54.6 from an upwardly revised 52.9 in June, where a reading above 50 indicates growth.

It was the strongest reading since March 2011 and the sector’s fourth straight month of expansion, beating economists forecasts by a wide margin.

The survey was released shortly before the Bank of England announced that it would leave rates on hold at 0.5pc this month and the £375bn quantitative easing programme unchanged.

The decision was widely expected but, unlike last month, the Bank did not issue an accompanying statement.

In July, Mark Carney stamped his presence on the market by saying the spike in government borrowing costs over the previous few weeks was "unwarranted" - indicating that the Bank had no intention to raise rates soon.

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The Bank is expected to unveil a "conditional commitment" to low rates for an extended period at next week's Inflation Report.

The strong manufacturing data had reinforced economists' expectations that the Bank would stay its hand this month. Rob Wood of Berenberg Bank said the positive manufacturing data “add to our conviction that the Bank will not change policy settings”.

David Tinsley, UK economist at BNP Paribas, said it “signals an increase in forward momentum as we head into the third quarter”, after the economy grew 0.6pc in the three months to June. The pound rose 0.4pc to Eu1.1476 by mid-morning trading.

The sharp improvement in UK manufacturing came amid signs of life among eurozone manufacturers as well, bringing with it the promise of a broader regional recovery. The eurozone manufacturing PMI increased to 50.3 last month, topping the 50 mark for the first time since July 2011.

Lee Hopley, chief economist at manufacturers organisation the EEF, said: “Coming on the back of a pick-up in output in the second quarter and, some signs of life in European markets, risks seem to be abating.” Mr Wood added: “The UK is picking up speed now.”

The details of the PMI report, compiled by Markit and CIPS, were “all good”, Mr Tinsley said. “New orders rose to a very splendid 58.2, which is the highest level since February 2011. It appears this is being led by domestic orders. Export orders rose too, but by less, with the index rising to 54.1 from 53.3.”

Demand for UK manufactured goods was rising in “most regions, including the eurozone, Australia, China, Africa, Russia and the US”, he added.

Ms Hopley said: “The good news continues to roll in for UK manufacturing with most markets, including the domestic one, supporting new orders whilst improving activity is now evident across all sub-sectors. And with signs of recruitment picking up too, there isn’t much in the way of negative news in today’s survey.”

Manufacturing employment rose for the third successive month in July, with the rate of job growth reaching a two-year high.

British manufacturing suffered a torrid 2012, contracting 1.7pc, and is still producing more than 10pc less than before the financial crisis. The industry grew 0.4pc in the three months to June, and signs of accelerating growth will be welcome. Moreover, evidence of economic improvements in the eurozone also bring the hope that the UK’s main trading partner could start importing more – providing UK factories a further lift.

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Re: U.K. Economy picking up?

Post  malena stool on Fri 2 Aug - 10:47

Well, I have no idea where these 'economists' conjure their figures from, but the only industries we have in any great volume here in the East Midlands are fast food outlets (which are opening next door to each other for a week or two then either close down or are shut down by Health Inspectors) and of course the car wash enterprises..

But in all fairness, Tesco have opened another small Franchise employing 20 immigrants...

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Re: U.K. Economy picking up?

Post  AnnaEsse on Fri 2 Aug - 11:34

malena stool wrote:Well, I have no idea where these 'economists' conjure their figures from, but the only industries we have in any great volume here in the East Midlands are fast food outlets (which are opening next door to each other for a week or two then either close down or are shut down by Health Inspectors) and of course the car wash enterprises..

But in all fairness, Tesco have opened another small Franchise employing 20 immigrants...

I don't know either where they're getting those figures. Today on Sky news, "Money Troubles: Half Of UK 'Living On Edge'"

http://news.sky.com/story/1123485/money-troubles-half-of-uk-living-on-edge

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UK public finances in the red in July

Post  Panda on Wed 21 Aug - 11:22

Business news and markets: live
The UK's public finances were unexpectedly in the red in July, official data has shown.

Lloyds has sold just over £500m in assets Photo: PA
By James Titcomb, Szu Ping Chan and Rebecca Clancy
11:04AM BST 21 Aug 2013
44 Comments
90000
2013-08-21 11:14:44.0
http://www.telegraph.co.uk/finance/business-news-markets-live/10256190/Business-news-and-markets-live.html?service=artBody
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• Lloyds sells German life insurer in cut-price deal
• Schaeuble says Greece will need third aid package
• North Sea faces record oil and gas output slump
• Nikkei mixed on Fukushima fears


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11.12 Back in markets Standard Life is leading the blue-chip index after Credit Suisse upgraded its rating to "neutral" from "underperfom".

It also raised its target price to 362p from 325p, driving shares in the financial group up 2.1pc in early trading to 350p.

11.09 Mr Papaconstantinou also said that there was "hatred" in Greece towards some of their European neighbours (no prizes for guessing who's at the top of the list) because of the extent of the austerity measures imposed.

When asked how German Chancellor Angela Merkel reacted to the bail-out, he let out an audible sigh, and said:

It took a long time to convince Angela Merkel that there was no way out without a bail out. A number of countries - mostlry Germany - thought that if Greece took more and more austerity measures, there would be no need to have a bail-out, because markets would be convinced, and the markets would continue to lend.

We knew that from the very beginning that this was fantasy. That the markets were looking for a stop-gap.

11.04 It's worth watching this interview with George Papaconstantinou, the country's former finance minister, who appeared on the BBC's Hard Talk last night, admitting that Greece could need more bail-out cash (watch from about 20 minutes).

10.40 Greece may need a third bail-out after all, the EU's top economic official has admitted.

Olli Rehn, European Commissioner for economic and monetary affairs, added that the country's lenders had other options to keep its aid programme going.






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Re: U.K. Economy picking up?

Post  Badboy on Tue 10 Sep - 21:04

JUST HEARD JAGUAR IS TO CREATE,17,000?????? JOBS,ALSO PRIMARK ARE TO EXPAND BY A MILLION SQ METRES.

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Re: U.K. Economy picking up?

Post  Lioned on Tue 10 Sep - 23:50

Badboy wrote:JUST HEARD JAGUAR IS TO CREATE,17,000?????? JOBS,ALSO PRIMARK ARE TO EXPAND BY A MILLION SQ METRES.
Will actually be about 1700 jobs at Jaguar and around 7000 jobs in supply industry.

As for Primark all them kids in the dangerous sweat shops in India will be delighted to know their careers earning 20p per day will be secure for a little longer,at least until the buildings fall down on top of them.

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Re: U.K. Economy picking up?

Post  Panda on Wed 11 Sep - 6:42



I seem to remember Primark being the first to offer assistance at the time and one thing in their favour, they sell their clothes at affordable prices, not like Tommy Hilfiger and M & S . The aid offered by these brand names was conspicuous by it's absence but unless the Bangladesh Government lays down new rules nothing will be done.

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Re: U.K. Economy picking up?

Post  Panda on Wed 11 Sep - 7:27

Jaguar Land Rover To Create 1,700 New JobsThe jobs in Solihull are part of a £1.5bn investment to create a new, innovative aluminium architecture for future vehicles.7:36pm UK, Tuesday 10 September 2013 Video: The Jaguar C-X17 will use the aluminium chassis developed at Solihull
Enlarge The chief executive of Jaguar Land Rover, Dr Ralph Speth, tells Sky News his brands have a unique selling point.
Video: Jaguar Boss: Britain 'Only Choice'
Enlarge EmailJaguar Land Rover has announced 1,700 new jobs are to be created at its Solihull factory as part of a £1.5bn investment in new technology.

The money will be used to develop an innovative aluminium chassis for future models.

The news was revealed by chief executive Dr Ralf Speth at the Frankfurt Motor Show.

"Today's announcement signals Jaguar Land Rover’s ambitions to push the boundaries and redefine premium car ownership," he said.

"At Jaguar Land Rover we place the customer at the heart of everything we do and the introduction of a world class all-new aluminium vehicle architecture means we will be more competitive, flexible and efficient delivering exciting new products for our customers around the world.”


Jaguar is developing an aluminium chassis for future models.

JLR's first model to have the new architecture will be a Jaguar sports sedan which is due for launch in 2015.

It will also feature the first engine to be built at a new £500m Engine Manufacturing Centre near Wolverhampton.

Jaguar also unveiled its first ever sports crossover concept vehicle, the C-X17, which will also have the new aluminium technology.

The new jobs at the Solihull site in the Midlands bring the total number announced by JLR over the last three years to almost 11,000.


Solihull has been at the heart of the Land Rover brand for decades

The Prime Minister David Cameron said: "The creation of 1,700 new jobs from this £1.5bn investment by Jaguar Land Rover is fantastic news for Solihull and a huge vote of confidence in the UK.

This investment will also deliver another 24,000 jobs in the supply chain - on top of the 1.3 million the private sector has already created since 2010.

"Our motoring industry is world class - right out there at the front of the global race - and Jaguar Land Rover is a great example of that British excellence.


The Discovery is made in Solihull

"One vehicle rolls off a production line somewhere in the UK every 20 seconds and the government's automotive industrial strategy will help to continue this success for years to come."

The Business Secretary Vince Cable added: "This all-aluminium architecture project typifies the type of innovative and high value R&D that the UK excels in and Government is supporting through the automotive industrial strategy."

The company, which is owned by Tata Motors, has three advanced manufacturing facilities in the UK - in Solihull and Castle Bromwich in the West Midlands, and Halewood on Merseyside.

JLR's Solihull site has been home to Land Rover since production commenced in 1948 and currently builds the Defender, Discovery, new Range Rover and Range Rover Sport.

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Re: U.K. Economy picking up?

Post  Badboy on Wed 11 Sep - 11:43

THIS IS GOOD NEWS,I WONDER HOW MUCH MONEY THESE 1,700 PEOPLE WILL PUMP INTO ECONOMY

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Re: U.K. Economy picking up?

Post  Panda on Wed 11 Sep - 15:49

Badboy wrote:THIS IS GOOD NEWS,I WONDER HOW MUCH MONEY THESE 1,700 PEOPLE WILL PUMP  INTO ECONOMY
I don't think these jobs refer to now Badboy, it will be when the new Jaguar is on the production line.

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Re: U.K. Economy picking up?

Post  Sponsored content Today at 19:40


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