All the standard indicators of a healthy economy are there for all to see, yet we are led to believe that it's all doom & gloom & nobody has enuff $money for the important things in life
That's beacuse we're looking at the wrong indicators. The FTSE100 is rising, but as others have said, it's because of the foreign income now being worth more, so they should be showing increased dividends, and are therefore more attractive to the hedge funds. But the NHS is going down the pan, the JAMs are now a standard term, and Hammond has had to break an election pledge to try and help the care for the elderly, so we have conflicting signals, and the average joe public instinctively knows somethings wrong, but can't work out what's wrong.
Government borrowing is now up to £1.7tr, and they can't even balance the budget, let alone pay off any of the overdraft. The economy is expanding simply because we have cheap supply of mortgage money, and even though credit cards charge a phenominaly disgusting usery rate that the government should regulate, increased credit limits are readily available, as is the 2 year 0% interest deals that are on offer. Effectively, the economy is expanding on a sales spree that's been caused by Browns banking deregulation, and I hate to think how it's going to get reigned in. Brexit will bite properly in a few years, but I don't think it'll cause as much trouble as some doom sayers suggest. We are British, and we flex when the wind blows, we don't break, but this wind will will be a wind of change.
The downside of Brexit, will be that as the economy expands, we'll be an even more tempting target for the economic migrants, and that'll mean we need more houses, more schools, more hospitals, which will then mean that we need more imigrants to build the houses, and staff the hospitals - which then means we need more housing, and so on, and on, and on.
The trendy teaching methods that were supposed to bring out a childs inner abilities, left a complete generation unable to cope in the real word, so we have even more youngsters on the dole, and we're rapidly droping down the education leauges so need better educated immigrants, and companies now chase profits at the expense of the workers, put their staff on zero contracts, get out paying employers NI contributions, so don't contribute to the public coffers. The banks continually rip us off with with one money extracting scheme or another, and then have to pay loads of money to the laywers and other ambulance chasing parasites that Blair encouraged into the market. So the JAMS lose money, but don't get it back, so the rich get richer, and the poor get poorer.
We have a crap crap ecomomic model, and even more crap chancellors just doing more of the same crap that the previous ones did. A radical aproach is needed, and at some stage, assisted suicide for the elderly will become socially acceptable. Don't say I didn't warn you.
