The Good News thread, local jobs, economy etc

[Rincewind]

Not good news for me and the company I work for. A lot of our contracts and order book are from Bombardier.

This could have a big effect on me and a lot of people I work with.

Sorry I was not making fun at the people. Of course it is not good news and it can have a knock on affect, Unless those people have new jobs lined up or find work quickly some may struggle by Xmas. There is now a five week wait for any new benefit claimants and for anyone with a family and a mortgage or even a rent to pay that is not good. Building societies and rent offices do not have a lot of sympathy when it comes to not being paid. I just hope everything is OK for them.

[MooseBreath]

http://m.bbc.co.uk/news/business-28479902

Another solid quarter of growth. Finally we've recovered from the economic disaster that labour sleep walked us into. Amazing that one terrible government can set you back nearly a decade. But no matter, now we can start moving forward again. Great times.

[leicsmac]

http://m.bbc.co.uk/news/business-28479902

Another solid quarter of growth. Finally we've recovered from the economic disaster that labour sleep walked us into. Amazing that one terrible government can set you back nearly a decade. But no matter, now we can start moving forward again. Great times.

 

So...nothing about the 11 years of pre-2008 growth when Labour were in charge? Or was that just the calm before the storm?

[Jon the Hat]

So...nothing about the 11 years of pre-2008 growth when Labour were in charge? Or was that just the calm before the storm?

 

That was the result of the excellent Tory policies under Thatcher and Major. Keep up man!!

[MooseBreath]

So...nothing about the 11 years of pre-2008 growth when Labour were in charge? Or was that just the calm before the storm?

Anyone can improve their bank balance by taking out loans.

Anyway let's not go there. This is good news regardless.

[leicsmac]

That was the result of the excellent Tory policies under Thatcher and Major. Keep up man!!

 

I'm sorry, I never know quite which venal pocketliner to credit for these things these days...

 

Anyone can improve their bank balance by taking out loans.

Anyway let's not go there. This is good news regardless.

 

True enough - recovery is recovery. Here's hoping we see it reflected in increase in real incomes across the board, and possibly a further decrease in unemployment?

[Guest MattP]

Oh right it's recovered another 0.00000001% has it? I suppose some people will believe anything, I'be read a blog that says the recovery isn't happening but I suppose some people will throw that away and listen to the IMF and the ONS as it suits thrm.

 

emproers new clothes, pawns on a chessboard, there are none as blind as though who cant see.

 

 

On a serious note, well done George, but no time for complacency, the job is far from done. Now let's see if we can continue this growth whilst trying to level out our borrowing.

[MooseBreath]

True enough - recovery is recovery. Here's hoping we see it reflected in increase in real incomes across the board, and possibly a further decrease in unemployment?

Unemployment seems at a good level already. The trouble if we've still excess capacity is that wages will struggle to grow. Hopefully we're at the point where companies will have to start paying more even at the bottom end to retain good people.

[leicsmac]

Unemployment seems at a good level already. The trouble if we've still excess capacity is that wages will struggle to grow. Hopefully we're at the point where companies will have to start paying more even at the bottom end to retain good people.

 

I think with the higher-end industries and services that could well be the case. We'll have to see.

[midland_red]

Thats 1800 job losses globally for Bombadier, currently unclear where these jobs will go.

 

usually when a multinational has to cus jobs it custs them in Britain as workers here are so cheap to get rid of. Ift calld a flexible labour force....

[Webbo]

usually when a multinational has to cus jobs it custs them in Britain as workers here are so cheap to get rid of. Ift calld a flexible labour force....

That's why they were employed in the first place. Why would you set up a business in a place where you weren't allowed to reduce your Labour force when the need arose?

[Alf Bentley]

http://m.bbc.co.uk/news/business-28479902

Another solid quarter of growth. Finally we've recovered from the economic disaster that labour sleep walked us into. Amazing that one terrible government can set you back nearly a decade. But no matter, now we can start moving forward again. Great times.

 

2008 was amazing all around the world. By sheer coincidence, economic disasters happened under governments of the left (e.g. UK, Spain) and under governments of the right (e.g. USA, France). Nothing to do with a massive crisis in the global financial system, of course..... 

 

So, GDP has finally exceeded 2008 levels, yet real incomes have been falling throughout?! Does that mean that the extra income - and more - has been redistributed from people to corporations?There was a TV news item yesterday about how the massive growth in self-employment has come hand in hand with a fall in like-for-like pay: i.e. lots of corporations have outsourced work to reduce costs (though it sometimes suits the individuals concerned). Has a crash caused by big finance led to a structural shift in favour of big capital?

 

But what about GDP per capita? GDP is now higher than in 2008, but I presume that GDP per capita (productivity) is still lower given the large rise in the UK population. So, irony of ironies, has GDP recovered at least partly due to the continuation of mass immigration under a Tory government?! 

 

That was the result of the excellent Tory policies under Thatcher and Major. Keep up man!!

 

Does that mean that the 2015-2026 Red/Green coalition will be able to blame any bad figures on Osborne, then? 

 

So...nothing about the 11 years of pre-2008 growth when Labour were in charge? Or was that just the calm before the storm?

 

Anyone can improve their bank balance by taking out loans.

 

It's getting boring, but every time you repeat the lie, I just have to repeat the truth....

 

Deficit/borrowing figures since 1979: http://www.theguardian.com/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data#zoomed-picture

 

- The largest budget SURPLUS of the past 35 years was under Labour (1999-2001)

- From 1997 to 2007 (i.e. until the global crash), the deficit under Blair/Brown was consistently lower than under Major

- Thatcher also ran a deficit nearly every year (albeit lower than Labour and much lower than Major)...but then she was running a slash-and-burn government, while from 2001 Labour was spending massively on schools, hospitals & childcare

 

I appreciate that this will be of no interest to you, Moose, as you are a Tory propagandist with no interest in the truth, but will keep posting the factual stats in case someone other than the usual suspects (you, me, Webbo, Leicsmac, MattP & co) reads this thread. 

[Rincewind]

I admire your determination and enthusiasm Alf. Keep up the good work.

[MooseBreath]

Wages will go up across the board soon enough. Just have to wait for all that unemployed capacity that labour paid to take out of the market to get back to work. Still haven't seen stats but the general feel around here is that mid and upper level capacity has been reached and wages are booming already, but the lower end is keeping the average down. That won't last forever. Maybe labour's crisis might end up being the catalyst for wage growth - unintentionally the only good thing they ever did

[Rincewind]

Well no one can argue with you moose. You have all the facts from the horses mouth. I bow down to you.

 

 

Does David Cameron Know that you are tapping his phone?

[sphericalfox]

Pick whichever one pisses you off the most

 

http://www.huffingtonpost.co.uk/2014/07/25/george-osborne-uk-economy-gdp-recession_n_5617204.html?clearcache=1

[MooseBreath]

Well no one can argue with you moose. You have all the facts from the horses mouth. I bow down to you.

Does David Cameron Know that you are tapping his phone?

Just saying it how I see it kenbo. I'm open minded and quite happy to be proved wrong as always. I've proposed what I think is a reasonable explanation for the fact that average wage growth is stagnant at a time when mobile phones are ringing with job offers all day all over my office.

[Rincewind]

Pick whichever one pisses you off the most

 

http://www.huffingtonpost.co.uk/2014/07/25/george-osborne-uk-economy-gdp-recession_n_5617204.html?clearcache=1

well who else is going to post stories that pisses steadfast unmovable unresponsive Tories off? The Mail?

[Dr The Singh]

Well no one can argue with you moose. You have all the facts from the horses mouth. I bow down to you.

No need, they are bum bandits

Does David Cameron Know that you are tapping his phone?

[MooseBreath]

Pick whichever one pisses you off the most

http://www.huffingtonpost.co.uk/2014/07/25/george-osborne-uk-economy-gdp-recession_n_5617204.html?clearcache=1

Well I've already offered my theory on why average wage growth isn't going up. The same argument applies to productivity so that's 1 and 4 chalked off.

2 and 3 comparing recent growth to other countries, the UK is heavier than most on financial services so when there's a massive bust in financial services you can expect the UK to struggle more than others. People will say we should be more balanced but it's worth pointing out that financial services are a large part of the reason why we're still a rich country and why we're now growing fastest out of all developed economies. Take the rough with the smooth.

5, London property prices. One of the most attractive cities in the world in a country with some of the strictest planning regulations and controls on development and in an area with barely any available land. Relax the regulations, people will moan. Don't, and people will moan. This is simply the price you pay for having a capital city that is so successful that people from all over the world are desperate to move there. Take the rough with the smooth.

6 and 11. Minor technicalities. Lower exports a consequence of a stronger pound. Not a problem in my book. Foreign investment coming in is great. No problem with that.

8, forecast increase in personal debt. I assume that'll be people who now have the confidence to make long term investments such as mortgages. Again, a consequence of a good thing.

The rest on national debt and borrowing etc. The government have been quite clear with their intention to make further cuts and that's exactly what we need, along with intelligent investment. Labour would do exactly the same minus the intelligence and with the addition of increased welfare generosity and it's consequent disastrous impacts upon the economy so I think I'll stick with the current government who have proved it is possible to achieve strong growth while implementing austerity on that one. What we're currently seeing now was deemed impossible by labour thinkers just a couple of years ago. One of an embarrassing number of things they've been proved wrong on in recent years.

Edited 25 July 2014 by MooseBreath

[purpleronnie]

Hammerson and Standard Life Investments, the Brent Cross Cricklewood Development Partners, have gained a new planning consent for the £4bn regeneration of Brent Cross Cricklewood, paving the way for the largest investment in the area’s history.

Barnet Council has confirmed planning permission for a revamped Brent Cross Cricklewood shopping centre, following the signing of final commercial agreements between the council, developers Hammerson and Standard Life.

The overall development of both north and south sides of the A406 will create more than 27,000 jobs and 7,500 homes and double the size of the shopping centre.

The Section 106 planning agreement is one of the largest in British history and will see a £250m investment in roads, public transport and pedestrian and cycle links as well as three new parks.

It will also see investment in three new schools and other community facilities as well as £5.6m major improvements to Clitterhouse Playing Fields.

Councillor Richard Cornelius, leader of the council, said: “It is very difficult to overstate the importance of this redevelopment to Barnet. The council is committed to playing an active role in the development of the south side of the site to get the best financial deal for the taxpayer and to play our part in creating a thriving London neighbourhood.

“We are particularly excited by the opportunities presented by Brent Cross overground station which will give a 12 minute fast link into Kings Cross. We are working very closely with the Treasury and the Mayor’s Office to make this happen.”

Mike McGuinness, development director at Hammerson, said: “This is a major milestone for a scheme that is integral to London’s future growth and we are excited to move ahead with the first phase which will include the transformation of Brent Cross Shopping Centre and £250m worth of crucial road and transport improvements that are key to unlocking the area’s potential.”

The Mayor of London, Boris Johnson, said: “London’s population is set to soar to ten million by 2030 and this scheme is absolutely crucial to the city’s sustainable growth as it has the capacity to deliver thousands of new homes and jobs through major improvements to transport infrastructure.”

Earlier this month, Barnet formally approved the launch of a search for a partner to develop one of London’s largest brownfield development opportunities, the 350 acre Brent Cross South site and expects to announce its shortlist of potential developers later this year.

Work on the phased extension of the shopping centre is set to begin in 2016.

 

 

27,000 jobs.

[MooseBreath]

And 7,500 homes. Great that these companies are feeling confident enough to commit to such large investments.

[purpleronnie]

I hope this happens, another 27,000 jobs...odd coincidence.

 

http://www.constructionenquirer.com/2014/07/11/2016-start-date-planned-for-2bn-kent-disneyland/

 

 

2016 start date planned for £2bn Kent “Disneyland”

Grant Prior | Fri 11th July | 7:15

 

Backers of a planned £2bn theme park in Kent are hoping to start construction in 2016.

Developers of the Paramount resort revealed a timetable as informal public consultation on the proposal got underway.

London Resort Company Holdings want to transform the derelict Swanscombe Peninsula into a rival to Disneyland.

Full details of the scheme are expected to be unveiled in October when the first formal stage of the public consultation gets under way.

London Paramount Entertainment Resort is expected to create 27,000 jobs and will feature a water park, theme park, sporting facilities, an entertainment street, a staff training academy and about 5,000 hotel rooms.

Project leader Tony Sefton told Kentonline: “We are committed to the consultation timetable.

“Come October, the next stage of exhibitions will be more detailed. Then the fun stuff starts to come out. The key message is ‘it’s coming’. It’s happening now.”

As well as being a tourist attraction the resort also aims to create a hub for the UK’s creative industries.

This includes plans for more than 50 acres of commercial letting space and a 21,000sqm Creative Industry Hub.

London Resort Company Holdings is 75% owned by Kuwaiti company KEH.

The company has a licencing agreement with Paramount Licencing Inc, giving it exclusive rights to use Paramount’s intellectual property in the UK as part of the resort.

The team is in discussions with the two main land owners on the Peninsula – Lafarge Tarmac and Land Securities – about acquiring the 700-acre area the resort would be built on.

KEH director Fenlon Dunphy said: “We are in active discussions with land owners which are progressing well. It’s going in the right direction.”

 

[purpleronnie]

The buildings around canary wharf that are proposed (some approved) will turn it into a mini manhattan, something london should have, unfortunately with the silly boris sightline laws london is limited to where these tall buildings can be built.

 

[ADK]

Not really that bothered about London.