Britain is now growing faster than any of the other leading economies for the first time since the recession. Growth of 0.8% in the three months to September put the UK at the top of the G7 group, beating Japan, German and the USA. This follows the 7.2% shrinkage of the economy that occurred during the recession. The Times, pg 48.
Graduates are now earning 12 per cent less than those who left university before the financial crisis, new figures show. Analysis by the FT of student loan data found that new graduates earning £15,000 or more in 2011-2012 were paid on average 12 per cent less in real terms than their 2007-2008 counterparts at the same stage of their careers. The Daily Telegraph, pg 2.
Private school pupils should start considering alternatives to university and be more open-minded about other routes into employment. Hilary French, President of the Girls Schools Association, called on parents to embrace “alternative avenues” such as apprenticeships rather than the Russell Group universities which “aren’t for everyone”. The Daily Telegraph, pg 16.
According to The Times the “tide has turned” for homeowners outside of the South East with demand for property in the North increasing fast and starting to sell again after the 2008 crash – the ripple effect is in full force. Liverpool has become the fastest place to sell a home with homes going under offer within 18 days. The Times, pg 15. But a crash in house prices is one of the fastest growing risks for Britain’s lenders. The Times, pg 43; The Guardian, pg 30.