Originally posted by minestrone
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Reply to: UK unemployment rate drops to 7.1%
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Previously on "UK unemployment rate drops to 7.1%"
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Originally posted by darmstadt View PostIt may have gone down but the youth unemployment figures are at their highest since 1993 with nearly 950,000 unemployed and over 200,000 of those for more than a year.
So a greater than 5% drop.
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too many UK manufacturing companies are nothing of the sort but but foreign own entities exporting as many profits as they're exports
No reason to be too pessimistic about the UK. Many small UK companies have started trading overseas. We may have at last grasped that we can never compete with third world countries on price of basic goods and started doing what we should be doing, concentrating on innovation and luxury products. Also, things elsewhere do not stay the same. China is become less competitive as living standards rise and the population ages. The Lancashire textile industry is growing again as in this link:
The company's business has grown 50% year-on-year since splitting production between Lancashire and China and it now has an annual turnover of around £20m - but it is now the UK side which is proving more productive.
"Due to inflation and rising labour costs in China, and exchange rate differences with the yuan, the Chinese plant is becoming less competitive than the British manufacturing plant," says Mr Caldeira.
"It is as cost-effective to make them here, so at the moment we're losing capacity in China, and gaining it here."
Mr Caldeira thinks that it is not only his company which is fighting the long-term trend of British manufacturers losing out to cheaper, emerging economies.
"The tide is starting to turn. There is a rebalancing that's starting," he said.
"Chinese costs are rising faster than British costs, so anyone who is fending off competition from the Far East is finding that it's getting easier."Last edited by xoggoth; 22 January 2014, 20:38.
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Originally posted by darmstadt View PostIt may have gone down but the youth unemployment figures are at their highest since 1993 with nearly 950,000 unemployed and over 200,000 of those for more than a year.
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It may have gone down but the youth unemployment figures are at their highest since 1993 with nearly 950,000 unemployed and over 200,000 of those for more than a year.
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Originally posted by SpontaneousOrder View PostWhen did they start high? The price of houses over the last 30 years have increased by at least double the increase in M2 money supply.
Even a pick up in manufacturing activity and the PMI isn't necessarily a good sign if the activity is driven by an ultra-low interest rate environment and other forms of inflationary finance (on a global scale, as inevitably this will seep into the UK as well.)Last edited by Zero Liability; 22 January 2014, 19:34.
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Originally posted by xoggoth View PostDon't disagree that this recovery is too much about the people spending more but there are improvement in our manufacturing sector:
Growth in new manufacturing orders was the strongest since April 2011, according to the latest CBI quarterly Industrial Trends Survey | Western Morning News
However anyone who thinks it would be better under Labour, with Ed "we need to invest in the public sector" Balls as chancellor is seriously deluded. If they think socialist policies are good for an economy maybe they should go to France, oh no maybe not.
We might mock France, but consider it's a French company propping the manufacturing Fracking effort in the north.Last edited by scooterscot; 22 January 2014, 22:07.
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Originally posted by xoggoth View PostDon't disagree that this recovery is too much about the people spending more but there are improvement in our manufacturing sector:
Growth in new manufacturing orders was the strongest since April 2011, according to the latest CBI quarterly Industrial Trends Survey | Western Morning News
However anyone who thinks it would be better under Labour, with Ed "we need to invest in the public sector" Balls as chancellor is seriously deluded. If they think socialist policies are good for an economy maybe they should go to France, oh no maybe not.
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This is not a success story.
Growth in new manufacturing orders was the strongest since April 2011, according to the latest CBI quarterly Industrial Trends Survey | Western Morning News
However anyone who thinks it would be better under Labour, with Ed "we need to invest in the public sector" Balls as chancellor is seriously deluded. If they think socialist policies are good for an economy maybe they should go to France, oh no maybe not.
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