Some good news

[Gerry557]

Apparently we are not in a recession after the economy grew shows revised data.

I was thinking that the media now seems to be focusing on everything that is negative. Currently interest rates going up and dragging anyone who is struggling to get a mortgage out to air their views. Lots of talk of house prices falling by 15% and anything else you care to mention.

Why no headlines of biggest jump for savers or how house prices might be more affordable for new buyers.

As with most things, there will be winners and losers but can we here from some of the latter please to balance things up.

[monabri]

Oh dear, oh dear! What is the Daily Terrograph going to do about such positive news?

(probably ignore it).

[Nemo]

Why no headlines of biggest jump for savers or how house prices might be more affordable for new buyers.

Because savers and new house buyers are in a minority.

Many more people are in debt with large mortgages!

[NotSure]

Oh dear, oh dear! What is the Daily Terrograph going to do about such positive news?

(probably ignore it).

Regarding the (lack of) recession, it's currently the lead item on their website.

Regarding savings, is -7% real actually any better than the -2% real we've become accustomed to?

Regarding house prices, I hope they fall, but if it's just because mortgages have become unaffordable/unobtainable to first time buyers, then not unmitigated good news.

[NotSure]

...and apparently the UK has been a net energy exporter this year. For the first time in 12 years.

Things are looking up!

Now that is good news!

[vand]

Nothing is better just because GDP went up a little. If output is going up it is only because we are loading up on more debt. You can pull this trick off for a while, not indefinitely.

Real incomes are still falling at an alarming pace
Still impossible to earn a real return on cash and short term savings
Housing is less affordable, not more - higher mortgage rates more than offset any small fall in house prices. This will become a huge drag as more people come off their fixed rate deals in the next 12-24 months
GBP has been smashed. Don't even dream of going abroad.
Food inflation is rising at the strongest pace we have seen yet in this cycle

[TUK020]

Apparently we are not in a recession after the economy grew shows revised data.

I was thinking that the media now seems to be focusing on everything that is negative. Currently interest rates going up and dragging anyone who is struggling to get a mortgage out to air their views. Lots of talk of house prices falling by 15% and anything else you care to mention.

Why no headlines of biggest jump for savers or how house prices might be more affordable for new buyers.

As with most things, there will be winners and losers but can we here from some of the latter please to balance things up.

If you assess importance/significance by the column inches devoted to it in our press, then the most significant piece of news in Sept was the death of QE2 - by several orders of magnitude.
If you want to take an alternative look at significance in terms of human and economic impact, then take a look at this sign of progress
https://www.gsk.com/en-gb/media/press-r ... a-vaccine/
Not saying this is the 'home run', but progress on this front is really important.
Malaria kills a child every minute. The burden in human misery and economic impact is unbelievable. Implications for global GDP & growth in the longer term very positive indeed.

[ReformedCharacter]

[
If you want to take an alternative look at significance in terms of human and economic impact, then take a look at this sign of progress
https://www.gsk.com/en-gb/media/press-r ... a-vaccine/
Not saying this is the 'home run', but progress on this front is really important.
Malaria kills a child every minute. The burden in human misery and economic impact is unbelievable. Implications for global GDP & growth in the longer term very positive indeed.

Yes, good news indeed. IIRC Malaria was the highest cause of mortality prior to AIDS. I've had it a few times myself and it's not improbable that it will become endemic in parts of the UK again due to climate change.

RC

[Gerry557]

Apparently we are not in a recession after the economy grew shows revised data.

I was thinking that the media now seems to be focusing on everything that is negative. Currently interest rates going up and dragging anyone who is struggling to get a mortgage out to air their views. Lots of talk of house prices falling by 15% and anything else you care to mention.

Why no headlines of biggest jump for savers or how house prices might be more affordable for new buyers.

As with most things, there will be winners and losers but can we here from some of the latter please to balance things up.

If you assess importance/significance by the column inches devoted to it in our press, then the most significant piece of news in Sept was the death of QE2 - by several orders of magnitude.
If you want to take an alternative look at significance in terms of human and economic impact, then take a look at this sign of progress
https://www.gsk.com/en-gb/media/press-r ... a-vaccine/
Not saying this is the 'home run', but progress on this front is really important.
Malaria kills a child every minute. The burden in human misery and economic impact is unbelievable. Implications for global GDP & growth in the longer term very positive indeed.

Yes that it good news. More importantly, as a GSK holder, I missed that good news story.

[Gerry557]

Why no headlines of biggest jump for savers or how house prices might be more affordable for new buyers.

Because savers and new house buyers are in a minority.

Many more people are in debt with large mortgages!

Probably true but maybe we should be discouraging that sort of thing. There might be more savers and house buyers if they could save more with higher interest rates. Deposits, the main sticking point for most first time buyers will reduce and saving towards the amount should start to grow quicker.

I believe 80% of mortgages are fixed so not everyone will suffer. My own one has just doubled through, or it will do when it starts shortly. Might think about paying it down now. It wasnt worth it before.