UK growth goes negative...

[Bodd]

 

[ellal]

For one thing all the predictions of catastrophe by the so called experts pre referendum haven't materialised have they.

So you would call that a positive?
Quitters do have strange ideas
(Btw we did have an emergency budget - £250bn was pumped into the banking system!)

Record numbers in work, wages rising albeit in modest terms, still a lot of problems in the economy but they could be due to austerity of course.

The thing about 'record numbers in work' is that the parameters have changed...

Increased population.
Increased retirement age.
Less access to unemployment benefit.
Record numbers of so called self employed people.

And did the EU decide to impose austerity on the UK?

I suppose your next gambit will be "ha ha Brexit hasn't happened yet".

Indeed we haven't left yet...

Well done for spotting that

 

[motorbiking]

We also have record low unemployment so that quashes the argument about there being more people. Anyway, to me negative growth is below zero, not less than we previously had before.

 

[JohnD]

low unemployment

are you counting all people out of work, or just the ones who have been successfully receiving JSA for 3 months but less than 6 months and have not been shuffled onto a "training" or unpaid labour scheme, to get them off the register? Do you count the ones who have sufficient savings (£16,000) not to receive income-based JSA? Or the ones with insufficient NI contributions as an employee in the last two or three years? Or the mothers wishing to return to work but unable to find it? Do you include under 18's looking for work? Do you include the older person whose industry has collapsed and who has given up? Or the person who has sunk into depression and missed a pointless appointment?

In reality, about 21.5% of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people, according to the Office for National Statistics.

"When unemployment gets low it generally means that anyone who wants a job can have one.

Importantly, it also suggests that wages will start to rise. It becomes more difficult for crappy employers to keep their workers when those workers know they can move to nicer jobs. And workers can demand more money from a new employer when they move, or demand more money from their current employer for not moving.

By that thinking, the UK should be a golden age for workers — low inflation and low unemployment. Now is the time to get a job. Now is the time to ask for a raise. It doesn't get better than this. Wage rises ought to be eating into corporate profits as bosses give up their margins to retain workers and capital is transferred from companies to workers' pockets. Trebles all round!"

 

[Charlie George]

"When unemployment gets low it generally means that anyone who wants a job can have one.

Importantly, it also suggests that wages will start to rise. It becomes more difficult for crappy employers to keep their workers when those workers know they can move to nicer jobs. And workers can demand more money from a new employer when they move, or demand more money from their current employer for not moving.

By that thinking, the UK should be a golden age for workers — low inflation and low unemployment. Now is the time to get a job. Now is the time to ask for a raise. It doesn't get better than this. Wage rises ought to be eating into corporate profits as bosses give up their margins to retain workers and capital is transferred from companies to workers' pockets. Trebles all round!"

Wages are rising
from
BBC News


Wage growth beat market and economist expectations in the three months from February to April.

Pay rose by 3.4% compared with a year ago. After taking inflation into account, wage growth was 1.4%, official figures show.

The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period, the Office for National Statistics said.

The employment rate for women was 72%, the highest on record.

This is after changes to the state pension age leading to fewer women retiring between the ages of 60 and 65.

Matt Hughes, deputy head of labour market statistics at the ONS, said: "With employment growth among women coming from full-timers, the overall gap between men and women in hours worked is now the lowest ever - women now average about three-quarters of men's weekly hours, compared with around two-thirds 25 years ago."

Sterling rose from five-month lows against the euro after wages rose faster than expected, beating some economists predictions of a 3% rise.

While employment growth slowed, the jobless rate held at 3.8%.

 

[ellal]

The employment rate for women was 72%, the highest on record.

This is after changes to the state pension age leading to fewer women retiring between the ages of 60 and 65.

Cause and effect...

And a big reason why the 'employment' figures have been skewed when comparing with years gone by...

Another reason is that there is a large group of people classed as 'economically inactive', many of whom would previously have been classed as unemployed.

 

[Charlie George]

In reality, about 21.5% of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people

Take away 2 million students /2.2 million stay at home mothers/fathers and others not seeking work as well JohnD.
Also from ONS
ONS‏Verified account @ONS




The proportion of people aged 16 to 64 who were neither working nor looking for work (the economic inactivity rate) was 20.8% for February to April 2019 – close to a record low

 

[Brigadier]

are you counting all people out of work, or just the ones who have been successfully receiving JSA for 3 months but less than 6 months and have not been shuffled onto a "training" or unpaid labour scheme, to get them off the register? Do you count the ones who have sufficient savings (£16,000) not to receive income-based JSA? Or the ones with insufficient NI contributions as an employee in the last two or three years? Or the mothers wishing to return to work but unable to find it? Do you include under 18's looking for work? Do you include the older person whose industry has collapsed and who has given up? Or the person who has sunk into depression and missed a pointless appointment?

In reality, about 21.5% of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people, according to the Office for National Statistics.

"When unemployment gets low it generally means that anyone who wants a job can have one.

Importantly, it also suggests that wages will start to rise. It becomes more difficult for crappy employers to keep their workers when those workers know they can move to nicer jobs. And workers can demand more money from a new employer when they move, or demand more money from their current employer for not moving.

By that thinking, the UK should be a golden age for workers — low inflation and low unemployment. Now is the time to get a job. Now is the time to ask for a raise. It doesn't get better than this. Wage rises ought to be eating into corporate profits as bosses give up their margins to retain workers and capital is transferred from companies to workers' pockets. Trebles all round!"

Are you in the running for PM?
If not, please throw your hat into the ring.

 

[The Baker]

Wages are rising
from
BBC News


Wage growth beat market and economist expectations in the three months from February to April.

Pay rose by 3.4% compared with a year ago. After taking inflation into account, wage growth was 1.4%, official figures show.

The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period, the Office for National Statistics said..

They may have been refering to the wage increase's of the BBC big wigs

 

[gasbanni]

So, there are no positives that have arisen from brexit, and the negatives are the fault of those who didn't vote for it.

No positives oh dear "there none so blind as them that won't see."

We haven't left yet !

 

[EFLImpudence]

Do you see the "so" at the beginning of my post?

I wasn't writing in the modern inane idiot manner which begins every sentence with 'so'.
I was using it correctly, responding to others who had written that.

So there!

 

[EFLImpudence]

We haven't left yet !

We're not going to!

 

[noseall]

We haven't left yet !

And still costing the country billions.

Brexit costs UK £600m a week. This would mean that in the 145 weeks since the referendum the total cost to the UK economy is around £87bn. The report by Goldman Sachs says Brexit has cost the UK economy 2.4% of its GDP, based on a comparison with its growth before the 2016 referendum.

Stupid blind quitters. We could have sent it to the NHS instead.

 

[noseall]

No positives

Correct.

 

[Ihavenojob]

No positives

Just negatives, double negatives.