U.K. Economy picking up?

NESTLE ARE TO CREATE 1,600 JOBS OVER 3 YEARS FOR YOUNG PEOPLE

Badboy wrote:NESTLE ARE TO CREATE 1,600 JOBS OVER 3 YEARS FOR YOUNG PEOPLE

Sounds good Badboy but anything could happen over the next three years.

It depends which country they are bringing the young people from....

malena stool wrote:It depends which country they are bringing the young people from....

If the product is made in England, why wouldn't the staff be from England. Whatever attempt Britain makes to improve the economy , the Government needs to educate U.K. schoolleavers to a standard that a. they can do the job and b. WANT to work.

Nestles is now a French firm and may well want to use continental labour, the company belongs to them why would they want to employ 'foreign labour' just to suit the likes of Cameron? All governments since Thatcher have sat back and actually supervised the erosion of our labour force and the apprentice training schemes that once ran adjunct to those skills.

It is our government and the red top rags that say British youth are idle and don't want work. No one in authority who has the industrial power to employ and train British youth has ever made a concerted effort to promote sufficient opportunities for our youth to prove these statements wrong.

Cameron and his chinless ilk should defend the rights of our children to have first choice of British jobs, not butt lick their EU and Asian counterparts and let them send their excess workforce here.

malena stool wrote:Nestles is now a French firm and may well want to use continental labour, the company belongs to them why would they want to employ 'foreign labour' just to suit the likes of Cameron? All governments since Thatcher have sat back and actually supervised the erosion of our labour force and the apprentice training schemes that once ran adjunct to those skills.

It is our government and the red top rags that say British youth are idle and don't want work. No one in authority who has the industrial power to employ and train British youth has ever made a concerted effort to promote sufficient opportunities for our youth to prove these statements wrong.

Cameron and his chinless ilk should defend the rights of our children to have first choice of British jobs, not butt lick their EU and Asian counterparts and let them send their excess workforce here.

 
malena, I think it is true that the standard of education in Britain has dropped, even at University level . It started with the Blair era and has got steadily worse. When we were growing up unemployment was virtually nil you could walk from one job into another the same day. Times have changed dramatically and because we have become an automated Society emphasis is not put on reading, writing and arithmetic . Even the Muslim Countries
children are better educated . I think the Border Agency needs tackling in a big way , bring in more experienced people, it seems the ones they have are incapable of guarding our Borders, how many thousands have they lost track of????

LIDL IS TO OPEN A FEW HUNDRED STORES.

Badboy wrote:LIDL IS TO OPEN A FEW HUNDRED STORES.

 
Badboy, I read recently that Lidl and Aldi are the two most profitable Supermarkets.....both German.!!!

Derivative markets have already upgraded Britain to AAA

Credit default swaps are “pricing” British bonds as if they were top-notch AAA quality





AAA letters

Moody's stripped Britain of its AAA rating in February, with Fitch following suit in April Photo: AFP



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Ambrose Evans-Pritchard
By Ambrose Evans-Pritchard, and Szu Ping Chan

8:08PM GMT 02 Dec 2013



Comments80 Comments





The cost of insuring British debt against default has fallen below the levels for the US, Switzerland, Japan and every major eurozone state except Germany, marking a dramatic change of view on UK’s economic prospects.


Credit default swaps (CDS), used for insuring and trading sovereign debt, are “pricing” British bonds as if they were top-notch AAA quality. This comes amid growing speculation that rating agencies may soon shift gears and start to upgrade the UK.


The CDS contracts for the UK have been on a downward trend for months as growth picks up, cutting below countries that still have AAA ratings such as Austria, Australia and Canada.


The UK index for five-year debt was trading near 27 on Monday, compared with 32 for the US, 35 for Switzerland, 40 for the Netherlands, 50 for Japan and 51 for France. The only countries trading at a lower level are Germany and the Nordic quartet of Norway, Sweden, Denmark and Finland, now the world’s safe-haven bloc.


Moody’s stripped Britain of its AAA rating in February, cutting it to AA+, as it cited “sluggish growth” and a debt ratio likely to peak at 96pc of GDP in 2016. Fitch followed suit in April.


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Standard & Poor’s rates Britain AAA with a negative outlook but this may be revised back to top grade over coming weeks, perhaps as soon as Friday.

Moritz Kraemer, S&P’s head of European sovereign ratings, said Britain’s private sector had picked up the economic baton, driving recovery despite budget cuts. “Growth is developing better than anticipated and will feed through into the fiscal outcomes,” he said.

This pattern is “very different” from the eurozone, where fiscal slackening this year has flattered the picture. “This Government has shown great resolve against much opposition and much criticism from powerful institutions like the IMF,” he said.

But David Bloom, currency chief at HSBC, said Britain’s growth surge may prove short-lived. “Markets are getting ahead of themselves. We are not yet convinced that this is a self-sustaining, low-inflation recovery,” he said. “Investment is still 25pc below peak and there is still a real wage squeeze going on. We want to see a rise in productivity.”

Hans Redeker, from Morgan Stanley, said the drop in British CDS contracts is a “technical overshoot”, reflecting euphoria as US investors funnel huge sums into UK bonds and equities. “The UK recovery will turn out to be little more than a sugar rush unless investment picks up,” he said. “People should be cautious. The investment-to-consumption ratio is very low at 16pc and falling. It is 22pc in the eurozone and 23pc in the US.”

Clearing group Markit said CDS prices can be misleading for countries where trading is thin. That is not the case for Britain’s CDS contracts, which score in the top group for liquidity. Paul Meggyesi from JP Morgan said Britain’s sudden switch from “sick man” to “star athlete” was driving the pound higher. This may last into next year as an $84bn payment to Vodafone shareholders causes a spike in sterling inflows, perhaps leading to the pound breaking through the 1.25 level against the euro.

The rally may then sputter out as the “perennial concern” of Britain’s trade imbalance comes back to the fore. The current account deficit is 4.1pc of GDP, the worst since 1989.

Jonathan Compton from Bedlam Asset Management said CDS investors are “re-rating” Britain’s political strengths and strong governing institutions at a time when there is a growing premium on political stability worldwide.

The markets were sniffing out the political fragility of a string of countries that look strong but may prove brittle in times of crisis. “We think we’re going into a period of political downgrades,” he said. “At least there is a clear political direction in Britain.”

Switzerland has great political depth but it is battling a slow deflation crisis that risks turning Japanese

================================

This is good news , at least for now. 

SUBWAY ARE TO EMPLOY AN EXTRA 13,000,METHINKS

Badboy wrote:SUBWAY ARE TO EMPLOY AN EXTRA 13,000,METHINKS

Don't build up your hopes Badboy,


But David Bloom, currency chief at HSBC, said Britain’s growth surge may prove short-lived. “Markets are getting ahead of themselves. We are not yet convinced that this is a self-sustaining, low-inflation recovery,” he said. “Investment is still 25pc below peak and there is still a real wage squeeze going on. We want to see a rise in productivity.”

Anyway new increase in new employment is being matched by new redundancies and when this new Banking in sterile rooms comes into force there will be thousands of Bank Staff redundancies.

EE ARE TO EMPLOY AN EXTRA 1,000 INCLUDING 250 IN NORTHERN IRELAND.

Badboy wrote:EE ARE TO EMPLOY AN EXTRA 1,000 INCLUDING 250 IN NORTHERN IRELAND.

There is a definite improvement but things could still go wrong, the floods are going to cost the Government a lot of money. Then , if areas are deemed unsuitable for biulding houses, it will result in more unemployment, affect mortgages,etc and the economy could slow down. There have been 6 sinkholes causing properties to fall into them, how many more will be found????


I think it's a wait and see game Badboy

STAFF HIRING IS INCREASING BUT THERE SEEMS TO BE A SHORTAGE OF QUALIFIED/SKILLED PEOPLE.

Badboy wrote:STAFF HIRING IS INCREASING BUT THERE SEEMS TO BE A SHORTAGE OF QUALIFIED/SKILLED PEOPLE.

It's because those unemployed were not trained for anything Badboy. The industry is crying out for Engineers but the days of apprenticehips are long gone. I remember Tony Blair offered Manufacturers £70 a week to train apprenticeships , Looks like not many Firms were interested.

Panda wrote:

Badboy wrote:STAFF HIRING IS INCREASING BUT THERE SEEMS TO BE A SHORTAGE OF QUALIFIED/SKILLED PEOPLE.

It's because those unemployed were not trained for anything Badboy. The industry is crying out for Engineers but the days of apprenticehips are long gone. I remember Tony Blair offered Manufacturers £70 a week to train apprenticeships , Looks like not many Firms were interested.

UNLIKE IN SWEDEN WHERE PEOPLE ARE TRAINED IF YOU ARE UNEMPLOYED

Badboy wrote:

Panda wrote:

Badboy wrote:STAFF HIRING IS INCREASING BUT THERE SEEMS TO BE A SHORTAGE OF QUALIFIED/SKILLED PEOPLE.

It's because those unemployed were not trained for anything Badboy. The industry is crying out for Engineers but the days of apprenticehips are long gone. I remember Tony Blair offered Manufacturers £70 a week to train apprenticeships , Looks like not many Firms were interested.

UNLIKE IN SWEDEN WHERE PEOPLE ARE TRAINED IF YOU ARE UNEMPLOYED

Now that the economy is picking up Businesses will be looking abroad to fill vacancies bad management by Business and Government.

THE PROBLEM WITH SOME BUSINESSES IS THAT THEY DODGE PAYING THEIR TAXES,YET EXPECT GOVERNMENT TO TRAIN THE WORKFORCE,WHAT HYPOCRITES!
THERE SHOULD BE MORE STEM TEACHING AND TRAINING.

Badboy wrote:THE PROBLEM WITH SOME BUSINESSES IS THAT THEY DODGE PAYING THEIR TAXES,YET EXPECT GOVERNMENT TO TRAIN THE WORKFORCE,WHAT HYPOCRITES!
THERE SHOULD BE MORE STEM TEACHING AND TRAINING.

In the old days Apprentices were trained in almost any big factory , the idea being they would stay with the Firm when they were qualified..Now , either the firm can't spare the time to train them or they are taking on Foreigners who are qualified.

Panda wrote:

Badboy wrote:THE PROBLEM WITH SOME BUSINESSES IS THAT THEY DODGE PAYING THEIR TAXES,YET EXPECT GOVERNMENT TO TRAIN THE WORKFORCE,WHAT HYPOCRITES!
THERE SHOULD BE MORE STEM TEACHING AND TRAINING.

In the old days Apprentices were trained in almost any big factory , the idea being they would stay with the Firm when they were qualified..Now , either the firm can't spare the time to train them or they are taking on Foreigners who are qualified.

THERE WAS ONE FIRM SAYING GOVERMENT RED TAPE MEANT HE WASN'T ABLE TO TAKE ON APPRENTICES.

Badboy wrote:

Panda wrote:

Badboy wrote:THE PROBLEM WITH SOME BUSINESSES IS THAT THEY DODGE PAYING THEIR TAXES,YET EXPECT GOVERNMENT TO TRAIN THE WORKFORCE,WHAT HYPOCRITES!
THERE SHOULD BE MORE STEM TEACHING AND TRAINING.

In the old days Apprentices were trained in almost any big factory , the idea being they would stay with the Firm when they were qualified..Now , either the firm can't spare the time to train them or they are taking on Foreigners who are qualified.

THERE  WAS ONE FIRM SAYING GOVERMENT RED TAPE MEANT HE WASN'T ABLE TO TAKE ON APPRENTICES.

I would be very surprised if that was true Badboy.

ASDA SAY THEY MIGHT CREATE 12,000 JOBS OVER THE NEXT FEW YEARS,OPENING NEW STORES,ESPECIALLY IN SOUTH.

Badboy wrote:ASDA SAY THEY  MIGHT CREATE 12,000 JOBS OVER THE NEXT FEW YEARS,OPENING NEW STORES,ESPECIALLY IN SOUTH.

That was announced recently Badboy, Walmart the American company owns Asda , but Lidl and another German company are the ones making a profit because they are cheap and stay out of Town where rates are highest.

Panda wrote:

Badboy wrote:ASDA SAY THEY  MIGHT CREATE 12,000 JOBS OVER THE NEXT FEW YEARS,OPENING NEW STORES,ESPECIALLY IN SOUTH.

That was announced recently Badboy, Walmart the American company owns Asda , but Lidl and another German company are the ones making a profit because they are cheap and stay out of Town where rates are highest.

ALDI PROFITS HAVE INCREASED 35%,BIG 5 SUPERMARKETS MAKING LOSSES.