Analysis - UK Q2 business investment plummets, but GDP still revised up
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Another mixed bag of economic indicators today, as positive sentiment is tempered by the odd nasty shock.
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Re: Analysis - UK Q2 business investment plummets, but GDP still revised up
If house prices continue to rise so sharply it means that people are being thrown silly amounts of money again to buy house.
Prices only go up if people buy them. I feel in the UK we have not learnt anything from the last 18 months. Banks are at their old tricks, government is turning a blind eye (being paid too)
My wife was able to get a loan and she isn't even working... Thank fully I am but the bank doesn't know that!!! Crazy...
Re: Analysis - UK Q2 business investment plummets, but GDP still revised up
I can't see why house prices should be going up at all at the moment, with unemployment soaring, and the general cost of living going up. For me, I'll probably never make it onto the property ladder anymore because of house prices rising to ridiculous levels, so further increases are really rubbing it in.
Re: Analysis - UK Q2 business investment plummets, but GDP still revised up
sadly, Britain is going down the toilet when compared to other EU leading countries. Overall, it's like the lottery i.e. we had people risking billions of pounds on speculation and we as a country lost badly and have to pay for the consequences.
A lot of educated people are currently moving out of this country for a better life. That makes it even worse for the rest of us.
