Cyprus-Forum.com

[Paphitis]

They certainly needed the disclaimer because they already got it wrong.

A country growing at 3% isn't doing too bad.

This is just typical doom and gloom hysteria.

@FH

I understand that certain areas in the UK are in depression. But having your own currency gives the country a lot of flexibility should it one day face an economic collapse like Greece.

[Maximus]

They certainly needed the disclaimer because they already got it wrong.

A country growing at 3% isn't doing too bad.

This is just typical doom and gloom hysteria.

@FH

I understand that certain areas in the UK are in depression. But having your own currency gives the country a lot of flexibility should it one day face an economic collapse like Greece.

How long has the country been growing at 3 percent when over the past few years inflation has been more than this?

here is another doom and gloom merchant publishing doom and gloom hysteria yesterday;

http://www.telegraph.co.uk/finance/comm ... -real.html

[Paphitis]

They certainly needed the disclaimer because they already got it wrong.

A country growing at 3% isn't doing too bad.

This is just typical doom and gloom hysteria.

@FH

I understand that certain areas in the UK are in depression. But having your own currency gives the country a lot of flexibility should it one day face an economic collapse like Greece.

How long has the country been growing at 3 percent when over the past few years inflation has been more than this?

here is another doom and gloom merchant publishing doom and gloom hysteria yesterday;

http://www.telegraph.co.uk/finance/comm ... -real.html

So what are you saying? Are you saying Britain is facing a total collapse?

These doom and gloom articles are a dime a dozen. Fact is, the British Economy is on the up after a few bad years if recession.

They have been saying the same about the US but fortunately, the doomsdayers gave been proven wrong once again. I guarantee you that if they did collapse, the world will enter a depression unlike no other ever seen before.

[Paphitis]

Here are the latest GDP Growth figures:

http://www.tradingeconomics.com/united- ... gdp-growth

"The end of Britain"? I don't think so!

[Maximus]

and here is the rate of inflation

http://www.tradingeconomics.com/united- ... lation-cpi

I am not as optimistic as you or some others Paphitis and I have interests in the UK.

[Flying Horse]

Paphitis....'certain' areas...


The majority of the UK, bar London and a sprinkling of affluent areas in the South, are in recession.

It's not just a north south divide here anymore, which has always been so. It's much more widespread.

It's true to say where I am its not brilliant. I live in a place which is a bit of a mixed bag. Sought after and grim all at the same time. There are some international industries locally, even they struggle in the UK climate. I worked for one until having my second child and business was 'difficult' when I left. Streamlining is still ongoing to save money. We shall call this place Willy Wonkas, and he certainly isn't short of money. He has his finger in many pies the world over.

I met my hubby person in 2009, down South. He was earning upwards of £50k pa(best employee of the year for three years running UK wide ain't bad!). He moved here in early 2010 and for the same company didn't even scrape 20k !!! Working self employed didn't work here either, and running a branch of independent companies didn't work. They just can't compete in a volatile time.

Add petrol costs onto an already deflated wage packet, and you feel like not getting out of bed in a morning!!
After four years of struggling, its still no better and not for want of trying.

I have friends who live in all four corners of the UK. Some run their own businesses, some unemployed, some employed in the public sector and so forth. All say the same thing, the UK is still in s recession. Don't believe a word of what you read. Ask a real person they will tell you .... It's grim!

[Paphitis]

and here is the rate of inflation

http://www.tradingeconomics.com/united- ... lation-cpi

I am not as optimistic as you or some others Paphitis and I have interests in the UK.

This seems consistent with a growing economy. A growing economy has inflation. An economy in recession has deflation. Greece and Cyprus should have deflation right now which means the consumer price index should be in decline.

But you need to explain why you are so pessimistic! You are the one asking if this is the end of Britain. I don't believe it is. You being so pessimistic and believing that Britain is facing an imminent banking collapse will need to explain how its inflation rate will contribute to the collapse.

[Maximus]

I think Flying Horse has already said it and she has given a pretty good explanation. This is why I am also pessimistic.

The purpose of me highlighting the rate of inflation is because you are talking about economic growth as the main reason why there will not be a collapse. when there is more to it than that. The best example of economic growth vs inflation I can give you is Turkey.

[Paphitis]

I was being quite nice calling you pessimistic. Fact is you are asking if this is the end for Britain. I take this to mean a diabolical collapse similar to Greece.

Fact is, Britain was in recession for the last 5 years. They are now growing at 2.8% which means the country is officially out of recession. They project solid growth for the next 10 years.

@FH

I do not deny there are areas of the UK still doing it tough. Things don't normally occur overnight. It takes time. The first sign is an increase of consumer spending. Then increasing property prices. I believe both have occured and London finds itself in a property bubble now. This will filter through to other areas in due course.

But again, please tell me if this is the end for Britain!

[Maximus]

I was being quite nice calling you pessimistic. Fact is you are asking if this is the end for Britain. I take this to mean a diabolical collapse similar to Greece.

Fact is, Britain was in recession for the last 5 years. They are now growing at 2.8% which means the country is officially out of recession. They project solid growth for the next 10 years.

How can there be solid growth when Britain is going to be running a deficit until 2018?