Could do with some positive news. 
UK economy set to grow at fastest rate since WW2
Most furloughed employees to return to work
6
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Feel free to reply to any comment by clicking the "Reply" button.Anything better than the last year will look good. I wonder how we will be affected by living with imposed austerity, not spending yet more borrowed money to keep oneself amused, dare I say, paying down debt! Will the lessons be habit forming or will it be a passing fad?
ScottforKing
Level 8
May 6, 2021
0
Hello there. I don't think borrowing can be avoided. Austerity? Hope not. It didn't work last time in the UK.
@T35-C Ha ha ha. Too late, it already has been. It's a cleaver trick that all the G-20 countries did, everyone devalues at the same time, in the same proportions so nobody wins or looses, except that young people can't afford a house.
@T35-C Yes, you and many others didn't see it happen. How else could any one of the Western countries print so much money and their currency is not effected?
@T35-C The problem with deflation is that it's harder to control, that's why they target inflation to 2%.
@T35-C Yes, here in Toronto, house prices have been rising at the rate of 10% for the past twenty years, but they who pull the levers, measure it from a different basket of goods and services than you or I, indeed the wealthy have a different "rate of inflation" than do those who are on government welfare.
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