And so to the Southampton Boat Show
There are those who might feel I having the first day of the show on Friday the 13th might be pushing things a little too far.
Me? I don’t think it makes any difference, to be honest.
But if there is a difference to be made, I suspect we’re on the right side of things right now. And I haven’t been able to say that for a very long time.
Whatever pundits I read, all seem to be suggesting the UK is very much on the up right now. Except for the boom in new mortgages that seems to be fuelling an overheating housing market.
But Mr Carney tells us he has the tools to sort that out, so leave it to him...
However, while UK households seem happy to jump in and take advantage of the banks’ new largesse towards personal borrowing, it seems the perennial problem of business lending/borrowing has yet to be sorted.
The Bank of England’s Funding for Lending Scheme has 41 banks taking part and those 41 are providing more than 80% of the current ending to households and businesses.
This has seen them adding some £1.6bn to their loan accounts – apparently the highest since the Funding for Lending Scheme was introduced last summer.
And to encourage the banks to lend more to SMEs, the Bank of England actually altered the Funding for Lending Scheme this year.
But whatever is happening at that level, it seems everyone is now expecting the UK to have the best performing major economy in the developed world for the rest of this year.
In fact, the Organisation for Economic Cooperation and Development (OECD) is now quoting the UK as likely to see growth of 0.9% between July and September, with a slight fall to 0.8% in the final quarter.
But the really nice words in that view come at the end of the sentence, which reads: ‘as the recovery gathers pace’.
That makes me feel rather nice. We haven’t been able to talk in terms of a recovery gathering pace for quite a while, have we?
What’s more, I read today our growth is likely to be stronger than the US, Canada, Japan, Germany, France and Italy. Some say we could see growth of 1.5% for 2013. Not bad for a country that was being praised for an expected 0.8%.
But what of the eurozone, I wonder? I read Spain’s austerity measures – against all the odds - seem to be working – let’s hope the same will happen to the other Mediterranean countries..
All we need now in the UK is some decent weather for the PSP SBS...
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