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All hail the Moyesiah
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Well this is the latest info on full time employment I can find: https://www.gov.uk/government/news/f...people-in-jobs
"Full-time jobs accounted for 95% of the rise in employment over the past year, with private sector employment rising by 637,000." It's true that it's not all sunshine and rainbows. The biggest issue atm seems to be productivity, which Mark Carney is saying today has been worse than expected for the past seven years. It's also why they've revised down their growth expectation for the next few months. I think the thing with zero-hour contracts it not to ban them altogether but to tighten the rules and stop employers exploiting them, because they do have their place in any modern economy. Overall though the fact does remain that our economy is in pretty good shape; it's hardly booming but it is still growing, unemployment is still falling, inflation is lower than hoped but it's no cause for panic, and living standards are gradually expected to bounce back from hereon in. We might not get the good life that Cameron was promising but we should get reasonable stability, I just hope that the speed and depth of cuts that the Tories are planning don't threaten that but tbh I doubt a lot of their pledges on public spending will come to fruition anyway Last edited by MTVN; 14-05-2015 at 09:12 AM. |
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Likes cars that go boom
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Nobody has ever suggested 0hr contracts have no place, they have a specific place it's when you use them to reduce workers employment rights in certain sectors they become an issue. People are considerably worse off so where the sense of optimism in the face of austerity is coming from I don't know.
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#3 | |||
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All hail the Moyesiah
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The optimism comes from the fact that our economy is undeniably more stable now than it has been for a long time. The general consensus seems to be that that will be reflected in living standards soon: http://www.ft.com/cms/s/0/d5e2997c-9...#axzz3a6LDaL9P Quote:
Last edited by MTVN; 14-05-2015 at 09:21 AM. |
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#4 | |||
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Likes cars that go boom
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Even as recently as the March Budget, the OBR made a forecast for growth and for tax revenues. Between the Budget and the autumn statement it revised the growth forecast up by a little bit, but revised income tax and national insurance substantially down because, owing to this year’s stagnating wages and cost of living crisis, growth has not brought in the revenues that the Chancellor wanted. In comparison with the March Budget, we have actually lost £8.4 billion in this fiscal year, not because spending cuts have not gone ahead or tax cuts have not been delivered, but because the tax revenues have not come in as a result of growth and stagnant wages. Ultimately, the only way of reversing the problem is yes, to cut spending, and yes, to raise taxes—as the Chancellor has done in this Parliament—but also to get the economy growing in a stronger way which will bring in tax revenues. If he does not do that, the Chancellor will carry on failing year after year, as he has in this Parliament. http://www.theyworkforyou.com/debate...5-01-13b.738.0
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