Quote:
Originally Posted by martyh
perhaps Mr Cable needs to rethink his statement ? or is he just scaring the pants of everyone and being over cautious
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Nope I'd say he's spot on, it's good but once you take away the 0.4% drop the previous month the picture isn't so pretty. A 0.7% rise over the quarter doesn't even cover the sales deflator for the period.
Quote:
“We don't think the recent strong growth in monthly sales is likely to be sustained,” Blerina Uruci, an economist at Barclays Capital in London, said in a note to clients today. “The environment for retailers is likely to remain challenging as consumer spending remains depressed driven by low confidence and slow earnings growth.”
Sales at household-goods stores jumped 3.2 percent in September from the previous month, partly led by back-to-school spending on items such as computers, and demand for new video games. Food sales were unchanged and clothes sales fell 0.7 percent as warm weather curbed sales of winter ranges.
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Regardless these numbers don't account for the stories on the ground, which are infesting even the affluent suburbs here now.
---------- Post added at 10:26 ---------- Previous post was at 10:19 ----------
Quote:
Originally Posted by Sirius
That's Labour's prudence for you.  |
Indeed, we are now enjoying 'prudent' austerity for the people while their living standards are inflated away and their taxes bail out banks.
Enough about Labour, getting boring now, the current government could be doing it better but are, as so many are, corporatist whores beholden to big business and banks, merrily screwing over their electorate as they tend to the needs of the people who bankroll them and supply the lucrative consultancy positions when they leave politics.
Confidential undocumented meetings with banks - corporatism, fast track access to ministers for 50 large corporations - corporatism. Government is supposed to remove barriers to corporations while ensuring they trade sustainable and sensibly, instead it's actively pimping itself to them to the detriment of us.
The only reason this lot are considered in any way competent is the astounding incompetence on the other side of the aisle.