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UK Economy to slow over the Winter

By sjr4x4 : Administrator

Published 18th October 2010 |

Read latest comment - 20th October 2010

Cheery Monday morning news

"The UK recovery is losing momentum and will slow over the winter but chances of a double-dip recession has been "exaggerated", say forecasters.

"...The economy is likely to slow over the winter following a surprisingly positive first half of the year, but I think this will be a soft-patch, not a double-dip," said Peter Spencer, chief economic adviser to the Ernst & Young ITEM Club.

However he warned that low wage growth and rising unemployment along with high inflation, meant the average UK household was "in for a tough time"...
BBC News - UK economic growth to slow over winter, say forecasters

Steve Richardson
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  Name: CareersPartnershipUK
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CareersPartnershipUK : Forum Member
19th October 2010 11:50 AM

Expect we're in for a pretty miserable winter ...

This lot isn't as ideologically driven or as tough as Thatcher was, thank God, so they may switch course in the Spring. Hope so. What they're planning is butchery, not surgery, though they seem not to realise this.

Linda
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3 MORE YEARS : Forum Member
19th October 2010 1:23 PM

Things don't look positive...I wonder if we are talking ourselves into a double dip!!!

I hear a lot of businesses are already planning on cost cutting.

Ryan

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sjr4x4 : Administrator
19th October 2010 3:25 PM

...and with a VAT increase to look forward to making us all more expensive

Steve Richardson
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3 MORE YEARS : Forum Member
19th October 2010 3:30 PM

Steve,

I am just going to think sunny thoughts...and pretend none of that is going to happen.

While we are on the subject, I am more concerned about the unemployment in public service organisations.

Ryan

Ryan

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sjr4x4 : Administrator
19th October 2010 9:44 PM

Originally Posted by Scootek

“While we are on the subject, I am more concerned about the unemployment in public service organisations.

Ryan”

With the death of manufacturing, they reckon the public service is now one of the countries largest employers.

So much pain ahead, and it needs to happen, but your right, that doesn't help the poor folk in the civil service.

Steve Richardson
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3 MORE YEARS : Forum Member
19th October 2010 9:46 PM

Oh well. It's up to us to save the country again.

To be honest, I don't think it's going to be that bad...slow and boring...that's probably it.

Ryan

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Cloud4 : Growing Business
20th October 2010 12:27 AM

You are right Ryan, It will not be "that bad" for those who decide to roll over and die. THe rest of us will do the british thing and fight the good fight!

There is a simply way to beat a recession, Get your sales strategy right and win MORE customers. If each customer you have will have a reduced capacity to spend, then define your USP's, market and strategy and go win more of them!

Simples!

Phil

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