Britain is on the up….or is it?
Regulars to the blog have helped me to track the course of the recession over recent years and with that in mind I thought I would ask you all to share your views once again.
The media, more so than the government are telling us that Britain has moved into the recovery phase and productivity is up. Good news…but do you believe it?
There is a lot to be said for one’s state of mind during a recession, when the coalition announced their series of cuts people were talking negatively about their own situation before any cut had been implemented. The news was full of gloomy outlooks, interviews with financial analysts who nobody could understand but it sounded bad. Now we seem to be going full circle depending on what you read so is this a deliberate drive to make us feel better and spend more?
Our new BoE governor from Canada is being hailed for keeping interest rates low but has Carney got it right and if he has then what about those who need to see returns on their savings?
If this new found growth is real then how long before that trickles down to the rest of us and the feel good factor returns?
Many would say that in reality we still have a huge debt level, a real problem with youth unemployment, burgeoning health care costs, a utilities sector which seems to be allowed to charge whatever it wants and an increasing reliance on food handouts.
I have recently been in the town centre and nobody is buying anything which isn’t a bargain, Primark is heaving, Sports Direct knee deep at the tills but try finding a pair of shoes over £50 and you’ll struggle.
Do you believe the numbers using food banks? Is it a sad indightment of our country or a general lack of personal responsibility? What cannot be denied is the increase in food prices, that, along with fuel is going to be the biggest problem we are going to face because once we get used to paying the extra they won’t be reducing it.
So, green shoots or a damp squib?