Cavey wrote:
Growth in UK's economy 'best in G7' says IMF:
Quote:
The International Monetary Fund (IMF) says the UK economy will be the fastest-growing in the G7 this year.
It says the UK will grow 2.9% in 2014, up from a January estimate of 2.4%, and will see growth of 2.5% in 2015.
http://www.bbc.co.uk/news/business-26935148The problem is that very few people are actually feeling any better off, because they're not.
Off the top of my head, real wages are still below where they were in 2008, there are hundreds of thousands of people on zero hour contracts, and god knows how many more 'underemployed' people who are on shitty part time wages when they want more.
You've got housing prices running away again when you've already got a generation who have no hope of ever owning so much as a shoebox, at the time that Osborne unlocks pension funds to unleash an army of buy-to-let pensioners on the country to fuck the housing market up even more.
Even the Torygraph commentators are saying it's the wrong kind of growth, backed up with very little of substance and being built on debt again, largely like Labour did - and a recent budget that pandered directly to the old people most likely to vote for them, and fuck everyone else.
The BoE daren't raise interest rates because they know it'll tip hundreds of thousands of families already on the brink into default and losing their homes, and you've got unprecedented numbers of middle class folks really feeling the pinch.
I'm not saying Labour were much good either, because they weren't, but the Tories are pretty much pulling the same shit again except this time they're beating up on the disabled and the poor whilst they're at it.