Hello all,
This is my first post and I hope it finds you good.
I am following the UK economy news for sometime and I found that the news and information are not good with respect to their economy. Please follow some of my views. The reason I have mentioned that the economic outlook of GBP looks little worrying because of the following fact,
Manufacturing and Production sectors are struggling. Factories and Outlets are reducing the workers since September which means the unemployment rate is growing. On the other side, UK has increased the biggest pay hike last month whereas the unemployment continue to rise because of the manufacturing sector dullness which is a big bubble in employment rate and salary ratio. One such jobless incident is, last month SSI Redcar steel plant stopped it's production and 1700 workers will be unemployed.
About housing sector, the price is continuously climbing high. But there are also several criticism over the housing and mortgage sectors, that it's is failed to meet the housing requirements of common people. Also two days earlier, there was a statement from UK banking sector about Household sector problems and financial downturn risk because of Mortgag…
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