Neville Prior

UK - Where to Next?

Neville Prior  14 October 2014 01:33:03 PM
Image:UK - Where to Next?
It seems to have happened all of a sudden, but the big smiles of UK plc are turning to grins, if not grimaces! The Eurozone is on the verge of collapse AGAIN! The rest of the world is taking a breath, and that all has an effect on us here in the UK. At just 3% of world GDP, we depend on a thriving global economy, and it "just ain't happening right now". We have now seen a slowdown in UK manufacturing growth, (at least it's still growth), a fall in inflation, and a weakening of Sterling. Hold tight for a tough few months again, interest rates won't rise until after the General Election I reckon, and we won't see much wage growth in the latter part of 2014 and early part of 2015. It won't be desperate, just not as good as we saw in the first half of 2014.
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