Honest Information, Profitable Trading
|Posted on August 29, 2013 at 4:52 AM|
The Bank of England Governor Mark Carney has reassured the markets that a further stimulus would be available if market conditions dictate it. In the meantime, he has restated what he mentioned when he took over the reigns a month and a half ago, namely :
That the record low interest rate, currently 0.5 percent, would be maintained until such time as the unemployment figure falls to 7 percent.
Most market forecasters believe this indicates a period of about three years, according to the BBC.
So industry and enterprise can assume an atmosphere of prevailing calm and steady investment and growth over the coming three years in the United Kingdom, perhaps even rescue and turnaround of sectors which may be in the doldrums at the moment. The forward moves will probably be in construction, as demand for housing in Britain continues to grow. Currently there are government incentives for new-built houses; new year, starting April-May 2014, there would be help available for those purchasing older houses. The government is trying to satisfy the appetite for home ownership, at the same time welcoming qualified people from abroad who see Britain as a safe and pleasant land to live in. More demands will arise in the health (probably private now) and schools sector, and accordingly new buildings will need to go up.
So long as banks continue to lend (from the stimulus portfolio of about £375 Billions already issued) there should be little trouble in seeing growth and opportunities in the U.K. for the foreseeable future. It is for entrepreneurs and business owners to take up courage and ask for working capital, and set about their work with vim and vigour. The time has never been better.
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