by Simon Bond

When less is not more.

The number of married couples with children in the UK has reached a record low, official figures show.

Meanwhile the average age at women's first marriage is now 27 years old, it's highest point in over a hundred years.

There are around four million such families, census data for the whole of the UK shows.
That is 15.2 per cent of families, or 300,000 fewer than a decade ago. It is also 600,000 fewer than Office for National Statistics estimates.

The following chart details the decline in the number of marriages in the United Kingdom, and the data clearly shows that the number is still on the decline.

I bring this to your attention because, household formation is an important part of economic growth. When people get married they move out of their parents homes and either rent or save and buy their own domicile. They also buy furniture, white goods such as fridges washing machines, food and other items that are needed to make a home.

Of course this is a precursor to starting a family and the data being compiled over recent years suggests that this too is "on hold".

How can an economy continue to grow when the reasons for people to consume is on the decline?

So we have growing unemployment, less people getting married, and less consumption.

So why would interest rates move significantly higher from where they are now with all this good news?

Invest in businesses with solid growth prospects and income insulation potential, this still includes food, energy, technology and healthcare.