the economy.

[SWP's back]

Weird how some people can't seem to accept some decent news and have to do it down.

The difference is that I'd post the figures and be happy whoever was in government. Politics shouldn't be like supporting a football team.

It's tedious.

 

[Len Rum]

Erm @Len Rum ?

I was quoting alternative facts mate.
This is the post truth era, haven't you heard?

 

[SWP's back]

I was quoting alternative facts mate.
This is the post truth era, haven't you heard?

In which case, fair enough. Although why you said the growth was 2.5% and not 12.72% I've no idea.

 

[jacko74]

Is that a serious question?

Let me ask you, why are interest rates usually raised, for what reason I mean?

I know the answer to this, I'm just wondering if you do.

There's actually a number of different reasons for increased interest rates, I'm aware of most the obvious macroeconomic factors as I'm sure you are... I'm more interested to know why you think that record low ''emergency'' interest rates are still very much an essential part of this so called healthy economy?

 

[CTID1988]

Weird how some people can't seem to accept some decent news and have to do it down.

The difference is that I'd post the figures and be happy whoever was in government. Politics shouldn't be like supporting a football team.

It's tedious.

Spot on. Some people would be happy to see the country burn as long as they get to say "i told you so"

 

[bluethrunthru]

Personal insolvency rate up 13% in 2016. I know thats false fake news thats bad mouthing the economy for some but the reality is a lot of people are finding times tough and any recovery is not seen by most of us.

 

[SWP's back]

Personal insolvency rate up 13% in 2016. I know thats false fake news thats bad mouthing the economy for some but the reality is a lot of people are finding times tough and any recovery is not seen by most of us.

Up from a nine year low.

There are always some people that find times tough, that's why macroeconomic data doesn't look as the individual.

As I say, if the other cunts were in power, you'd be singing a different tune.

As for 13%, where you getting that from?

Despite the scares pre the Brexit vote, there is no evidence that the leave decision is having an impact on the insolvency market, yet!

Personal
Between 2009 and the end of 2015, personal insolvency rates had been on a downward trend but the increasing numbers of IVAs through 2016 has reversed this trend. Bankruptcies also show a quarter on quarter increase of 7% but are down 1.5% on the same quarter last year.

The steep increase in the number of IVAs is part of a worrying consequence of the recent shake-up in the debt management market according to the Money Advice Trust. They have concerns that poor regulation is resulting in unsuitable IVA products being sold to clients with low incomes.

Generally there is evidence that the long-term trend in increasing consumer credit is continuing in the face of economic uncertainty and that a minority of households are struggling financially or are relying on credit to make ends meet.

Between 2009 and the end of 2015, personal insolvency rates had been on a downward trend but the increasing numbers of IVAs through 2016 has reversed this trend. Bankruptcies also show a quarter on quarter increase of 7% but are down 1.5% on the same quarter last year.

The steep increase in the number of IVAs is part of a worrying consequence of the recent shake-up in the debt management market according to the Money Advice Trust. They have concerns that poor regulation is resulting in unsuitable IVA products being sold to clients with low incomes.

Generally there is evidence that the long-term trend in increasing consumer credit is continuing in the face of economic uncertainty and that a minority of households are struggling financially or are relying on credit to make ends meet.

http://www.cranfieldbusinessrecovery.co.uk/news-hub/insolvency-figures


Figure 2: Individual Insolvencies in England and Wales (quarterly data, seasonally adjusted)

 

[SWP's back]

There's actually a number of different reasons for increased interest rates, I'm aware of most the obvious macroeconomic factors as I'm sure you are... I'm more interested to know why you think that record low ''emergency'' interest rates are still very much an essential part of this so called healthy economy?

I'd be interested to ask why you think raising interest rates would be a good thing when the rate of inflation is only 1.5% 2016 (ZERO in 2015) and thus below the BoE's target figure. The economy could well have taken it and higher rates of interest would have been in place but for the drop in oil price bringing inflation down.

As soon as inflation starts increasing again then you'll see base rates increase. Economists expected the BoE and Fed to raise theirs end of Q1 and bond markets have alreacted reacted accordingly.

Did you forget about inflation why asking why rates were so low?

I've personally pulled all my cautious clients out of fixed interest assets in preparation for the coming rate rises both sides of the pond.

 

[jacko74]

Spot on. Some people would be happy to see the country burn as long as they get to say "i told you so"

Not necessarily wanting to see the whole country burn... but I certainly wouldn't object to seeing the financially feckless, incompetent and reckless debt junkies suffer some much deserved discomfort.

 

[SWP's back]

Not necessarily wanting to see the whole country burn... but I certainly wouldn't object to seeing the financially feckless, incompetent and reckless debt junkies suffer some much deserved discomfort.

Wow.

Ps, you understand why the interest rates didn't rise in the last two years now?