MercoPress. South Atlantic News Agency
Bank of England leaves rates unchanged as UK economy recovers
Interest rates have been held at the record low of 0.5% for another month by the Bank of England and so has the size of its bond-buying economic stimulus program unchanged at £375bn.The news is in line with analysts' expectations, despite recent evidence that the UK economic recovery is strengthening. Read full article
Comments
Disclaimer & comment rulesOh dear perhaps we should have followed the Argentine model?
May 09th, 2014 - 10:22 pm - Link - Report abuse 0the UK economic recovery is strengthening?
May 10th, 2014 - 01:51 am - Link - Report abuse 0then, it is even sadder
“The number of Britons using food banks to survive is set to top a million this year as a record number of families ask for the emergency handouts.”
“Dr Rowan Williams: Food bank users are not scroungers and this isn't a hiccup - it’s a serious crisis”
“Church of England bishops demand action over hunger”
“Britain faces food poverty ‘national crisis’ because of Government welfare reforms, bishops warn”
2 Pablo niño
May 10th, 2014 - 03:26 am - Link - Report abuse 0Where do you get your quotes from ?
There are no links to substantiate them.
You must be making it up !!! LOL !
By contrast, here is what is happening in Argentina:
30% - 60% POVERTY IN ARGENTINA
up to 25 MILLION PEOPLE !!!
And here are the links that say that:
http://en.mercopress.com/2014/05/09/the-indigence-basic-food-basket-in-argentina-climbed-40-in-12-months
www.theodora.com/wfbcurrent/argentina/argentina_economy.html
www.indexmundi.com/argentina/population_below_poverty_line.html
en.mercopress.com/2013/04/25/official-poverty-in-argentina-2.5-million-people-private-estimate-11-million
en.mercopress.com/2013/04/02/eleven-million-argentines-26.9-of-the-population-live-in-poverty-conditions
You have been the last person to comment on this article.
3these islanders are a joke.
May 10th, 2014 - 04:04 am - Link - Report abuse 0their main source of information about argentina is...mercopress. lol
maybe they don´t even know that there is a lot more and better information in clarin or la nacion.
even in el cronista.
the funniest thing is that this “newspaper” is not even trustable when they “inform” about england.
and they want links...they don´t know how to get them...
Severe poverty affects 1.6m UK children, charity claims
Schools are struggling to cope with increasing numbers of children raised in Dickens-style poverty, according to a teachers’ leader.
http://www.mirror.co.uk/news/uk-news/food-banks-set-feed-million-3175221
http://www.mirror.co.uk/news/uk-news/food-banks-set-feed-million-3175221
http://www.mirror.co.uk/news/uk-news/food-banks-set-feed-million-3175221
http://www.mirror.co.uk/news/uk-news/food-banks-set-feed-million-3175221
4 niño
May 10th, 2014 - 04:15 am - Link - Report abuse 0“Severe poverty affects 1.6m UK children, charity claims”
“Charity claims... ”
Britain's Claimed poverty - 1.6m out of 80m = 2%
vs
Argentina's poverty - 25m out of 43m = 60%
25 million of your people according to 5 links to 3 different news sources, are living below the poverty line!!
Gosh!! That's not good is it??!!
1.6 million KIDS
May 10th, 2014 - 04:24 am - Link - Report abuse 0understand the concept?
it is not the total of the population living in extreme poverty.
do you understand?
no?
I'd prefer to be poor in a developed country like the UK than a frontier economy that is still sinking such as Argentina's.
May 10th, 2014 - 05:30 am - Link - Report abuse 0At least charities and the government can help you in the UK. With 30% inflation, who helps Argentina's destitute?
Ok, let's DOUBLE the figure for arguments sake - 3m in poverty =4%
May 10th, 2014 - 06:45 am - Link - Report abuse 0Not to say that is acceptable., but try
4% vs. Argentina's 30 - 60% depending in which part you live.
Shocking!!
And that's in an economy where the cost of the “basic Food Basket” has gone up 40 % in the past year - and your inflation is still at 30% !
What will happen when CFK devalues the currency this year??
You'll wish you were in England.
Understand?
@Paul
May 10th, 2014 - 07:28 am - Link - Report abuse 0I'm not sure whether you are unaware of how poverty is defined or perfectly aware of it and just trying to criticise the UK because of how embarrassed you are about the state of Argentina. In the UK, someone is said to be “below the poverty line” if their income is below 60% of the median income across the country. What that means is that even if everyone in the country experienced an above inflation increase in income of 2%, then despite being 2% richer the same number of people would be below the poverty line because the line had moved up. This is called relative poverty and is not the same as absolute poverty, i.e. deprivation including having no shelter, heating, food, water, security, education. Apart from tiny numbers of criminal exceptions, no child starves or freezes to death in the UK or is unable to go to school. We are emerging from the worst recession of the past 80 years so if some gaps have been plugged with food banks then better that than people starving. Our GDP is almost precisely back to pre-crash levels, our unemployment is falling (below 7%). And as for charities and the church helping the poor, that's what they are supposed to do. The purpose of the State is not to give everyone flatscreen TVs and foreign holidays but to create the conditions for economic growth where everyone can then provide for their own family, be it for basics or luxuries. It is the LA model of providing the people with bread and circuses while robbing them blind, that is doomed to failure every time. Why, which South American countries (apart from Chile) are economic success stories that you think we could learn from? Go on, list them.
@9 Good post.
May 10th, 2014 - 09:20 am - Link - Report abuse 0@2 What a shame about your quotes. They've already been disproved.
May 10th, 2014 - 09:54 am - Link - Report abuse 0http://www.eveningtimes.co.uk/news/food-bank-users-want-something-for-nothing-161609n.24095914
http://www.eveningtimes.co.uk/news/food-bank-users-want-something-for-nothing-161609n.24095914
You see, if you tell people they can get something for nothing, they will. Regrettably, because of the Labour-induced scrounger society, scroungers decided they were “entitled” to something for nothing for the whole of their lives. Now they are finding out differently. Those who work and pay taxes are tired of supporting these “drones”. So benefits are being cut. Balance is being restored. You're better off working. And the scroungers and bleeding hearts don't like it. Tough! Work or starve.
8. toy
May 10th, 2014 - 03:31 pm - Link - Report abuse 0“ok, let's DOUBLE the figure for arguments sake - 3m in poverty =4%”
no.
again, do you understand?
no?
britain has 13 million people under the poverty threshold and a debt of 1 trillion pounds (guess you don´t even know how to express it in numbers).
1.6 million kids live in extreme poverty, that means their families are “desclasados”
and try not to use that cheap argument that poverty in britain is better than poverty in other countries.
and it is not a competition, you twit.
most of us, except the government, knows, admits, recognizes that poverty and hunger are the most important problems here.
in your case, you seem to be the same deluded, naive, brainwashed halfwit as the ultra k fanatics.
12 sulky niño
May 10th, 2014 - 07:42 pm - Link - Report abuse 0“ ...not a competition... ” *rolls eyes*
of course it is not.
You started off by quoting UK poverty figures from an unofficial source, which defies government figures and has been refuted with 2 links from Conq.
You did that as a way of gauging the performance of the UK Government as a measure of economic performance and fulfilling its obligations to its people.
Even so, going by your numbers, remember UK Gov. is not INDEC and has professional statisticians, in comparison to most other economies and governments, the UK is doing extremely well, with sound policies to carry them forward.
By comparison, by the same reasoning, Argentina, one of the largest economies in South America, with a huge land area and natural resources, can be shown by its poverty figures to be dramatically less able to take care of its population - as a contrast.
This contrast puts everything in perspective:
Britain, a tiny group of Islands - a dominant economy in Europe with low unemployment and poverty compared to other nations, and a competitive economy and policies.
Shamefully, in comparison, Argentina should have everything going for it, but has crushing poverty for up to 60% of your population - that includes many more than your figure of 1.6m children “in dire poverty”.
An example of government incompetence.
Apparently things are so bad in Argentina,
May 10th, 2014 - 07:54 pm - Link - Report abuse 0CFK has secretly offered the British government,
her country of Argentina in exchange for £50 quid,,
,,so they say..
Why allow the idiot Paullita to deflect the topic?
May 10th, 2014 - 07:57 pm - Link - Report abuse 0The real news is that the middle classes in the UK and the pensioners are STILL losing ground in how much their money is (NOT) worth!
In real terms, those who save are losing out big-time and those in a job are still frightened of losing it. There is NO feel-good factor whatsoever and numbers like unemployment is
@9
May 10th, 2014 - 11:36 pm - Link - Report abuse 0Excellent post. Thanks for putting it so clearly.
Comment removed by the editor.
May 11th, 2014 - 01:23 am - Link - Report abuse 0Yup paulie got totally trounced on the Lat Am Hunger eradication thread. Looking the same here.
May 11th, 2014 - 04:15 am - Link - Report abuse 0Troll trashing is such fun!
18 ilsen
May 11th, 2014 - 05:44 am - Link - Report abuse 0glad you're back!
Yes , Pablo-niño is getting a good thumping on that thread.
The funny thing is, he doesn't realise it !!
He's the only one who thinks he's witty and clever, though.
:-)
On another note - “ Voicy” has got himself in a bit of a muddle over on another thread. He's trying to “prove” that he owns property and lived in the US, but does not have anything tangible to offer.
Captain Poppy has a Land Title Office search document listing all the Property Owners in the village that Voice calls “home”.
No “Señor A. Voice” listed.
Voice says he lives there, “ but there is no evidence visible”.
We agree, no evidence whatsoever.
:-)
Silly Trolls
Cheers for the catch up Troy! I have had an awful lot of stress dealing with the shitstorm that Venezuela has become. .. and therefore muchas problemas for the family, whilst needing to be in London aargh!
May 11th, 2014 - 06:20 am - Link - Report abuse 0So haven't had much time for larks on here.
I thought voicey lived in Scotland? He even invited me to visit him (doubtless with something nefarious in mind....)
:-)
Glad to hear Captain Poppy got on the case, haha!
20
May 11th, 2014 - 07:45 am - Link - Report abuse 0Sorry to hear about your anguish over Venezuela.
With all the Russia putin the boot in, in Crimea - Venezuela has been pushed right out of the news here.
I wondered what was happening.
Maduro intends to hold a Mercosur summit in Caracas this month, without Paraguay - these creeps seem to car trying on with their Program of Exclusion, unchecked.
Voicey does appear to either live in Scotland or spend some time there.
A while ago, he tried to put over a farcical fantasy that he had a “bolt hole” in rural Pennsylvania USA.
This was created to aggravate Poppy and Yankeeboy.
He taunted and persisted and layered his lies until he painted himself into a corner, saying he lived in Trout Run PA.
Poppy has run him to ground.
“A bolt hole to run to, in different countries”, who says things like that???
Doesn't sound like something a proper Scot would ever say. Sounds more like a dishonest clever-dick SA sh!t-disturber, to me.
http://en.mercopress.com/2014/05/02/if-eu-dumps-independent-scotland-12-countries-would-be-barred-from-its-fishing-waters#comment325625
Paul
May 11th, 2014 - 02:01 pm - Link - Report abuse 0Poverty is not an international standard. What constitutes poverty in one country is not transferable to what constitutes poverty in another.
You can rest assured that the VAST majority of the 1.6m children you cite, would not be deemed to be anywhere near poverty in Argentina, whereas by the standards set in the UK, virtually all Argentines would be considered to be “in poverty”.
Extreme poverty is virtually eradicated in the UK with free health care at the point of use for all, an extremely generous welfare state and a world class education system....things Argentina could only dream of.
To find yourself in extreme poverty in the UK, you need either to have fallen out of the welfare system (almost nobody), or to have historic debt liability beyond what you can afford to pay...(this is easily fixed but some people, to their credit, try and manage it).
In Argentina, you would nt understand a generous, successful welfare state, a unique National Health Service, an education system that contributes an enormous amount to world leading innovation, technology and medical advances.
So, in order to make up for you inadequacy, you troll....that's it...
Pity you don't use you energy to do something more constructive.
Haha! Yeah, just read it. Voicey got rumbled for sure!
May 11th, 2014 - 02:10 pm - Link - Report abuse 0@ 15 cont.
May 11th, 2014 - 03:28 pm - Link - Report abuse 0Damn carats!
There is NO feel-good factor whatsoever and numbers like unemployment is 7% are lies. What happened to all the jobless who couldn’t find jobs and fell off the unemployed roster? Who GAF about them?
Ozzie & Camoron have now come up with another wheeze: the HMRC are (if the law passes) going to be able to remove cash from the accounts of tax dodgers WITHOUT legal permission being needed.
At first I thought “great” then I realised there is a MAJOR problem here: the HMRC is so out of control that it couldn’t find its’ backside if it were sitting down. Do any of you reading this believe they will not make the same cock-ups that they always make?
The computer “glitches” that regularly screw-up the PAYE system for the employers and leave the employee AND the employer out of pocket which take months to put right.
Not to mention the “errors” in transposing data in relation to bank accounts. This of course means EVERYBODY with a bank account is liable to have their account raided incorrectly and if they are lucky their bank may inform them, charging the usual £20 per transaction to do so.
When I retired I had THREE Tax Code Letters arrive on the same day, two from the same department (showing different codes) and the other from a different department in another country (Scotland). I have to admit that the one from Scotland was the only correct one.
Camoron has said that if the law is not passed he will have to raise TAXES to pay for the tax dodgers. WAF idiot.
http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/10819885/David-Cameron-Taxes-will-rise-unless-we-can-raid-bank-accounts.html
I wonder if the recovery of the economy will be reflected on the citizens' well being and if they will not need to use the services of the companies like http://sterlingstore.co.uk/ so often as it is at present and will the recovery somehow influence the interest rate charged by such services.
May 15th, 2014 - 10:52 am - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!