Economy Back to Firing?
In the News
Is the economy about to pick up? I ask becasue inflation is down, the election is due, and wages are up and now stable, with house prices moving again finally. I feel good to be honest.
That’s good news that the inflation rate is down. Fingers crossed it continues but I doubt it.
The economy continues to add more debt with a large trading deficit and more borrowing. We all have about £150k of government debt, pension liabilities and other liabilities on our heads and borrowing is rising. We are slowly heading to a default where we may need the IMF to rescue the economy with a large loan. The economy will be on the mend when we stop borrowing and start paying back our debts and return to a trading surplus. I think unemployment is increasing so that has an anti-inflation effect.
Interest rates held and should start dropping soon so economy looks like its back
Join for free to get genuine deals, money saving advice and help from our friendly community
Chief Bargain Hunter
