All of the main economic indicators again by UK National Institute for Economic and Social Research, one of the most serious independent institutions requiring individuals is forecasting for economic development, said that in these over the last three months (to August) The United Kingdom already experienced economic growth.


Stock market was from recently recorded in the London parquet  was the highest of the year. Estates Agents said that numbers of houses sold and bids increased in August  in relation to August last year. Management Monetary Fund also provides that the world will increase with economic imminent earlier than expected. As Castle economists, data and forecasts relating to the fact that the UK economy experiencing growth for the first time for more than one and a half year, a „The recession is moving towards final. Ray Barrell, main prognostic, clearly stated that reasons for this positive state of affairs is policy government  and decision Bank of England to reduce interest rates almost to zero. Barrell drew particular comments to the government Arachidic programme to promote exchange old cars for new (persons circulation recycling old car receiving two thousand for the purchase New) and Decision of the reduction of VAT to 15 percent. We expect economic growth so in the third, as well as in the fourth quarter current year, nut it will be very small increase in the level 0,3 0,4 percent said. One reason for this is the fact that promote the exchange programmed old cars the automotive industry coping better than we think. In the last quarter we hope also increases brought reduction  of VAT says c „, government managed cash between, which he will issue.

However, many professionals fears , that these optimistic data is only the instantaneous improve, a decrease and” The recessio sustainable long time to come. David Blanchflower, a former member of the committee policy cash; Bank of England, fears that in the UK and other countries in Europe does not appreciate fact continuous rise in unemployment, as well as weight phenomenon of „negative equity” says economist. Both of these phenomena consumer confidence and storms that harmful to the development of the economy. Despite optimistic indicators banks still not borrows cash between. This is not reflected from down, it is only distortion...

The unemployment level in the United Kingdom is highest level of 14 years without work is already 2,47 million people in these last three month  unemployment increased by 210 thousand people and now is 7,9% people without work. Unemployment benefits already collected 1,61 million people. The worst is age group 18-24 years without work remains 19,7% of young.

British experts said, that we can see already marks recovery in British economy, but the work market always reacts with some delay and even for a certain period of time should be expects  growth in the number of schemes relating without work.

Houses price go up  in August of 1,6% as compared to the July-inform Nationwide. August was fourth next month when price increases in real estate market. Average house was 160,224 Pound. Real Estate is still cheaper than a year ago, however, the pace at significant decreases stop-in August the house had to be an average of 2,6% pay less than a year ago. In July the difference was 6,2%. Nationwide stresses that the key to revive the real estate market is low interest rates. According to analysts low interest on loans impact recession and unemployment and will retain houses as persons who would be forced to sell. It is also underlined that less houses hit on secondary market and position of  selling is more and more stronger.

 Bank HSBC enlarges new mortgage offer. Mortgage for less than 2 percent in the first two years to the challenge around competitors, which rivals challenge, which can call out on market price storm.