| Base rate 0.5% lower due to 300,000 immigrants [message #383148] |
Mo, 24 April 2006 15:50 |
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This made me chuckle. 300,000 immigrants enabling base rates to be
half a percent lower, which sounds like a massive amount to me. I
wonder what the racists have got to say about that ;-)
A neat way of addressing the demographics as regards pensions as well.
"Go west young people
Ernst & Young ITEM Club Spring Forecast
New immigration helps keep UK interest rates low
London 24 April 2006: New EU citizens as well as their koruna and
zloty are contributing to a surprisingly robust UK economy, according
to the Ernst & Young ITEM Club Spring forecast, on the eve of the
second anniversary of the accession of the ten latest member states.
"We are on the crest of a new immigration wave," says Professor Peter
Spencer, Chief Economic Advisor to the Ernst & Young ITEM Club. "The
steady flow from the most recent accession countries to the UK has
proved remarkably positive for the economy, keeping interest rates a
half a per cent lower than they would otherwise have been," he says.
Spencer continues, "From Poland to Slovenia these individuals have
plugged gaps in a variety of industries, from agriculture to
hospitality and catering with nearly 300,000 immigrants taking new
jobs in the UK in the last 3 years. Unlike previous occasions that
have been confined to major urban centres, this influx has benefited
many regions across the UK from East Anglia to Edinburgh."
He adds, "As a direct result the UK workforce has become younger, more
flexible and economical, easing the pensions burden and keeping
interest rates lower than many commentators could have predicted. Even
with a modest rise in unemployment numbers we are looking at a very
favourable cost-benefit ratio."
UK economy picking up steam
This unexpected consequence of the UK being one of only three EU
countries to immediately sign up to freedom of movement of labour in
2004 is helping to drive economic growth. ITEM expects GDP growth to
pick up to 2.6% in 2007 and 3% in 2008 even if interest rates stay at
4.5%, which ITEM predicts they could do at least until the end of
2006."
< URL:http://www.ey.com/global/content.nsf/UK/Media_-_06_04_24 _DC_-_ITEM_Club_Spring_06_04_forecast>
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383155 ] |
Mo, 24 April 2006 18:06 |
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Daytona wrote:
> This made me chuckle. 300,000 immigrants enabling base rates to be
> half a percent lower, which sounds like a massive amount to me. I
> wonder what the racists have got to say about that ;-)
>
> A neat way of addressing the demographics as regards pensions as well.
Failed to mention that unemployment is 300,000 higher - so I guess the
racists would have plenty to say, probably by voting BNP in the coming
elections.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Shares for children in the uk? [message #383176 ] |
Mo, 24 April 2006 19:04 |
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I am a US citizen but have 6 British grandchildren in London. I had some US
stock accounts for them but was forced to close them down due to some new
anti-terrorism legislation here requiring foreigners to get tax id's---which
I tried 3 times to do in the last 16 months without success.
Can British children own stock in British companies---say shares of BP?
If not, any ideas about some sort of trust/isa for children---ages 0 to 15?
Thanks,
Phil
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383191 ] |
Mo, 24 April 2006 20:33 |
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At 14:50:53 on 24/04/2006, Daytona delighted uk.finance by announcing:
> This made me chuckle. 300,000 immigrants enabling base rates to be
> half a percent lower, which sounds like a massive amount to me. I
> wonder what the racists have got to say about that ;-)
Depends whether they're savers or borrowers, I guess.
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383196 ] |
Mo, 24 April 2006 22:42 |
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"Daytona" <me [at] privacy.net> wrote in message
news:4flp42h0o6v5v8ikbvgf8iqrts10eu06cj [at] 4ax.com...
> This made me chuckle. 300,000 immigrants enabling base rates to be
> half a percent lower, which sounds like a massive amount to me. I
> wonder what the racists have got to say about that ;-)
>
> A neat way of addressing the demographics as regards pensions as well.
Well it offsets it for a while... let's hope those perky young poles never
grow old.
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383203 ] |
Di, 25 April 2006 00:03 |
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"Virgils Ghost" <no [at] spam.com> wrote in message
news:BKa3g.101946$Qb5.59253 [at] fe01.news.easynews.com...
> "Daytona" <me [at] privacy.net> wrote in message
> news:4flp42h0o6v5v8ikbvgf8iqrts10eu06cj [at] 4ax.com...
>> This made me chuckle. 300,000 immigrants enabling base rates to be
>> half a percent lower, which sounds like a massive amount to me. I
>> wonder what the racists have got to say about that ;-)
>>
>> A neat way of addressing the demographics as regards pensions as well.
>
> Well it offsets it for a while... let's hope those perky young poles never
> grow old.
Add a couple of zeros to the 300,000 to see what these immigrants in general
are costing the UK tax payers per month.
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| Re: Shares for children in the uk? [message #383205 ] |
Di, 25 April 2006 00:17 |
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On Mon, 24 Apr 2006 13:04:49 -0400, "Phil Childress"
<jphilipc [at] pechan.com> wrote:
>I am a US citizen but have 6 British grandchildren in London. I had some US
>stock accounts for them but was forced to close them down due to some new
>anti-terrorism legislation here requiring foreigners to get tax id's---which
>I tried 3 times to do in the last 16 months without success.
>
>Can British children own stock in British companies---say shares of BP?
>If not, any ideas about some sort of trust/isa for children---ages 0 to 15?
They cannot hold stocks in their own name until they are 18. Parents
or grandparents or others can hold shares on their behalf in a "bare
trust". See http://www.jumpsavings.com/ for an example.
--
Terry Harper
URL: http://www.btinternet.com/~terry.harper/
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383229 ] |
Di, 25 April 2006 10:11 |
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"The Really Big Screen" <please pooopie , scoopie , don't [at] plonk me.com>
wrote in message news:UWb3g.69291$4V2.43690 [at] fe64.usenetserver.com...
>
> "Virgils Ghost" <no [at] spam.com> wrote in message
> news:BKa3g.101946$Qb5.59253 [at] fe01.news.easynews.com...
>> "Daytona" <me [at] privacy.net> wrote in message
>> news:4flp42h0o6v5v8ikbvgf8iqrts10eu06cj [at] 4ax.com...
>>> This made me chuckle. 300,000 immigrants enabling base rates to be
>>> half a percent lower, which sounds like a massive amount to me. I
>>> wonder what the racists have got to say about that ;-)
>>>
>>> A neat way of addressing the demographics as regards pensions as well.
>>
>> Well it offsets it for a while... let's hope those perky young poles
>> never grow old.
>
> Add a couple of zeros to the 300,000 to see what these immigrants in
> general are costing the UK tax payers per month.
Why do you think they are costing that?
Neb
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383295 ] |
Di, 25 April 2006 15:33 |
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""Failed to mention that unemployment is 300,000 higher - so I guess
the
racists would have plenty to say, probably by voting BNP in the coming
elections.
Irma""
Well, the OP did say there was a " modest rise in unemployment ".
I believe the situation is more marked in Ireland where about 1 in 15
of the male workforce is Polish.
Robert
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #383597 ] |
Do, 27 April 2006 10:44 |
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The Really Big Screen wrote:
> Add a couple of zeros to the 300,000 to see what these immigrants in
> general are costing the UK tax payers per month.
Most of them are paying tax, and paying a lot more than they cost.
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #384710 ] |
Di, 02 Mai 2006 21:47 |
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Jonathan Bryce wrote:
> The Really Big Screen wrote:
>
>> Add a couple of zeros to the 300,000 to see what these immigrants in
>> general are costing the UK tax payers per month.
>
> Most of them are paying tax, and paying a lot more than they cost.
How come? If one immigrant means one more person on the dole....go figure.
Irma
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #384725 ] |
Di, 02 Mai 2006 23:39 |
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Irma Troll wrote:
>> Most of them are paying tax, and paying a lot more than they cost.
>
> How come? If one immigrant means one more person on the dole....go figure.
I don't think it does though. They come here and work, and they spend at
least some of their money here, which creates work for other people.
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| Re: Base rate 0.5% lower due to 300,000 immigrants [message #384772 ] |
Mi, 03 Mai 2006 17:08 |
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On Tue, 02 May 2006 22:39:52 +0100, Jonathan Bryce
<jonathan [at] localhost.localdomain> wrote:
>>
>> How come? If one immigrant means one more person on the dole....go figure.
>
>I don't think it does though. They come here and work, and they spend at
>least some of their money here, which creates work for other people.
I think those figures said that out of 300,000 immigrants, only 10,000
extra dole places were created, the rest presumably working in the
jobs Brits reject... which seems a pretty good deal all round.
Tiddy Ogg.
http://www.tiddyogg.co.uk
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