Bank of England governor Mark Carney upbeat on UK growth

[Bean]

https://www.bbc.co.uk/news/business-44721670

"Mark Carney said recent data had given him "greater confidence" that weak first-quarter growth "was largely due to the weather". "


Interesting analysis, which is somewhat different to 'analysis' done and spread on this website, by some users.

[GreenMirror]

Lets wait until it is found there will be no deal.

[WTFH]

Lets wait until it is found there will be no deal.

His analysis is that the country is inline to stay on course for the predicted rates from May.
His analysis is that the world cup will have a positive effect on the economy.

So, the upbeat thing is that he has greater confidence that he can explain the poor first quarter figures to be due to the weather.
It is not him saying he has greater confidence that the economy is going to grow at the kind of rates it was growing a few years ago.

It's amazing how twisting words to suit can make something sound incredibly positive for the future, when the guy was saying that he thinks he understands what happened in the past a bit better.

[Hobosapien]

He's a typical slimy politician, saying what they want us to hear when the reality may be somewhat different. Hard to know for sure when so many stats are manipulated, from the unemployment figures to inflation rates to the economic outlook.

See if they finally raise the interest rate in August or if they continue to fall behind the US.

They need to rebalance the economy, from housing taking a disproportion of worker income, to benefits (housing benefit and working tax credits particularly) taking a disproportion of tax income. Fortunately they have a major event next March to blame any negative consequences of a rebalance on. Do they have the inclination and foresight to do it though or do they still believe the bulltulip of Brown's 'no more boom and bust' and they can keep things 'booming'.

[meridian]

or do they still believe the bulltulip of Brown's 'no more boom and bust' and they can keep things 'booming'.

Brown was basing this on a (reasonable) objective of saving in the good times to spend in the lean times. Having a war chest, in contractor terms.

Unfortunately the last 10 years have been spent borrowing and spending (for the government) and “austerity” (for the rest of us).

[Zigenare]

Brown was basing this on a (reasonable) objective of saving in the good times to spend in the lean times. Having a war chest, in contractor terms.

Unfortunately the last 10 years have been spent borrowing and spending (for the government) and “austerity” (for the rest of us).

Remind us again what state UK finances were in at the end of the last Labor reign of terror!

I'll give you a clue the kitty was ******* empty!

[scooterscot]

The US dollar is about to collapse, the pound will surely follow it given the politics of the day as businesses line up to move their interests elsewhere.

Interest rates can only move up, but economic growth when businesses are holding back investment? Even a laymen understands that makes no sense.

[meridian]

Remind us again what state UK finances were in at the end of the last Labor reign of terror!

I'll give you a clue the kitty was ******* empty!

Care to back that up with evidence and not Kool Aid?

A simple search on Wiki will give you the ratio of government debt to GDP, or you can post any other evidence you have to back up your claim.

[scooterscot]

You know what they say, mud sticks. Tories and their followers have enough to make a landslide. The last weapon of the desperate.

[NigelJK]

From the horses mouth