The UK economy: well on the road to recovery?

vegster said:

I'd like to see a little bit of wage inflation for once. There was a show on 5Live the other day and a rather crass northern woman who ran an employment agency was bemoaning British people for not wanting to work. She said she had loads of vacancy's for Cleaners, Drivers, Kitchen Porters and Care Home workers and that us Brits didn't even bother to apply.

Under a little questioning she did reveal that they were all poor contracts ie, short term/temporary and all on minimum wage of £6.31 an hour, it had never entered her head to actually offer 30p an hour more in order to gain a little interest. I would have asked if she would do her own job on the minimum wage.

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Baron Pepperpot said:

Consumer confidence and spending up, house prices rising. Sounds familiar.

That's a recovery built on sand.

It's twenty years ago since I studied economics, but one thing I do remember is that when you live in a country who's economy's health is based on something other than it's ability to make stuff and sell it elsewhere you live in an economy that is permanently in a fragile position.

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South Stand Rebel said:

Speaking from experience, are we? Visited any food banks lately? Spent some time in any city north of Watford lately?

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