From the Guardian business website just now:
And you wonder why I have my doubts about Osborne's recovery?
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We still need homes for the people coming into the UK.
Everyone seems to be living longer and having more children.
The great evil of the con of austerity is that the real cause of the recession is ignored, replaced in the public consciousness by a bogeyman, and we plow over the edge once again in ignorance.
The broken rail that derailed the train doesn’t get fixed, the passengers in steerage get blamed, and the tragedy happens all over again on the return journey.
Sorry, I don’t understand economics that well. Can you explain this one? I would have expected more housebuilding (increased supply) to makes it less of a bubble.
Not if it is all based on inappropriate borrowing
That’s the problem here
This is yet more misplaced debt
There is a insistence that the present spurt in UK manufacturing is not due to any bubble and that it is apparently largely driven by SMEs.
Yet spending is still badly suppressed and SMEs are still having a hard time getting bank loans.
So if spending is still largely non-existent and SMEs can’t get funding, where is the PMI growth in manufacturing coming from? It is believed most of the profits come from domestic sales rather than exports.
This growth seems to have little signs of support!