1. Here’s the latest news for the UK economy. Car sales: up. House prices: up. Manufacturing output: up.
The evidence is pretty solid. Recovery is under way and it cuts across sectors. This is not just confined to the City. Five big questions arise, therefore. Is this for real? Will it last? Why is it happening? What could go wrong? Will it end in tears? Answers to all five questions are available or will be available within the next day or so.
The broad-based nature of the pick-up in activity indicates this is more than a flash in the pan. From building sites to shopping malls and now factories, the data points strongly to recovery.
Will it last? Probably, unless events in the eurozone or elsewhere in the global economy blow the UK off course. The Bank of England will make sure that monetary conditions are kept ultra-loose until there is irrefutable evidence that there will be no growth relapse.
- Economic recovery more than a flash in the pan, but will it end in tears…, TheGuardian.com, August 6, 2013.
2. Michael Carrick believes exciting Marcus Rashford is “here to stay” after yet another wonder-goal from the teenager.
Rashford, 18, curled an outstanding effort into the top corner to sink West Ham as Manchester United moved into the semi-finals of the FA Cup.
Carrick, who also started Wednesday night’s win, said: “I don’t think he is a flash in the pan, in and out. I think he is here to stay and goals like that? Well, we will welcome more of them.”
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