(have we done this already?)
Well done Tories (and all the chumps that voted for them)!
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So the double dip starts here.....
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Posted 1 year ago #
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Had not noticed the first dip going. It just seems like we are looking into a deeper hole, hope we don't go in it.
Posted 1 year ago # -
Lionhert - the numbers for growth don't lie. We came out of recession under labour - we appear to be heading back into it under the tories. Teh much predicted double dip from too savage cuts to quickly contracting the economy.
Posted 1 year ago # -
It never un-dipped for me, hence one more small business in the bin and one more mature student back at uni.
Posted 1 year ago # -
*clears desk in preparation*
no chance of surviving another one.....
Posted 1 year ago # -
its quite impressive how osborne and cameron have kept their faces out of the news lately and letting cable and clegg absorb all the muck
not sure if the lib dems arent being well and truly rogered by the coalition
Posted 1 year ago # -
hth x
Posted 1 year ago # -
Surely it started the minute that the new Government came in to power. Simply a matter of the lag between action (cutting everything) and reaction (loads more people added to the unemployed roster, everyone terrified of spending money. If they have any).
Posted 1 year ago # -
Double dipping is simply social death at parties, you wouldn't catch me doing it.
Posted 1 year ago # -
Depressing reading no matter who's to blame.
Posted 1 year ago # -
The number of economists on here is amazing, considering it's come as a suprise to them [the real ones] it would suggest that the original plans were fine. As per that document, taking the cold weather snap out would have seen "flattish" activity, which is pretty much as you'd expect at this point.
Economies can't grow endlessly, unless you want to build everything on an unstable platform of false wealth and lending. Oh wait, that's what everyone wants...
Posted 1 year ago # -
It's only paper money kids
Posted 1 year ago # -
coffeeking - it has not come as a surprise at all. Reputable economist were predicting it. The only surprise is that anyone is surprised.
Posted 1 year ago # -
It's just the weather sillies. When it's sunny and thousands of public sector workers are filling all their new found leisure time with leisure activities we'll be fine again.
Clearly none of you are thinking about how much money you'd spend if you were permanently on holiday!
Posted 1 year ago # -
Blaming the weather.
LOLcarpetz.
"the wrong kind of leaves..." anyone?
Posted 1 year ago # -
nothing to do with quantitative easing then?
nothing to do with an previously overspending government then?
good job we still have our gold reserves and didn't sell them off at the bottom of the market...
I could live a pretty good life if I let my credit card rack up as well...
Posted 1 year ago # -
Quantative easing as done under labour and as still being done in many economies pulled us back out of recession - we are not in a double dip yet - but these results make it look much more likely. Cutting spending, talking down the economy and destroying consumer and business confidence reduces growth.
Posted 1 year ago # -
Umm...the recession is not the fault of an overspending government. Rupert would be delighted to hear you saying that though.
Posted 1 year ago # -
nothing to do with an previously overspending government then?
How would overspending cause a recession?
The number of economists on here is amazing, considering it's come as a suprise to them [the real ones] it would suggest that the original plans were fine. As per that document, taking the cold weather snap out would have seen "flattish" activity, which is pretty much as you'd expect at this point.
Um lots of economists were predicting that such drastic cuts as the government is carrying out would greatly increase the risk of a double dip. Looks like they were right.
Economies can't grow endlessly, unless you want to build everything on an unstable platform of false wealth and lending. Oh wait, that's what everyone wants...
Although the economy was growing again, until very recently. I'm no great fan of the capitalist mantra of never-ending growth but what are you suggesting as an alternative?
Posted 1 year ago # -
Ok, so maybe economists hadn't predicted that this was going to happen and certainly couldn't have forecast the impact of the weather, but...
Even if they were still predicting modest growth. Should George continue with his ideologically driven austerity measures or should he revise them in light of this new evidence?I'd suggest that you wouldn't be at the helm of a company for very long if you didn't see your last quarter results as being particularly important.
Posted 1 year ago # -
So, good or bad time switch jobs?!
From 1st tier manufacturing to a construction based small business largely unaffected during the last 'dip'...
Posted 1 year ago # -
We're not in recession, we've only had one month of negative growth. We've got to have another before we're truly in recession.
Incidently while I don't think the coalition have covered themselves in glory I'm fairly certain any of the potential parties would have faired equally as badly. I think it's an extremely hard situation to deal with with many external factors beyond control and prediction.
Posted 1 year ago # -
We came out of recession under labour
And into it in the first palce....thanks to the muppets that voted for THEM!
Posted 1 year ago # -
There'll be some people on here for whom nothing would make them happier than if we double-dip.
Reputable economist were predicting it
Indeed. Many reputable economists were also saying it wouldn't happen though. I guess we'll get a better idea in the next few weeks.
Posted 1 year ago # -
Because historically countries that QE suffer inflation and all the rest of the ills that come with it, such as a poor exchange rate.
We wouldn't need so many cuts if the previous government hadn't built up such a large infrastructure (as labour governments always do) and put us in so much debt that 1 in every 5 tax pounds is going towards paying interest on that debt.
Posted 1 year ago # -
We're not in recession, we've only had one month of negative growth. We've got to have another before we're truly in recession.
For month read quarter.
The number of economists on here is amazing, considering it's come as a surprise to them [the real ones]
As a real economist (with a real degree in real economics and real econometrics), I was not even slightly taken by surprise. The next quarter, I fear, will show little improvement, if any.
Stagflation, anyone?
Posted 1 year ago # -
Hmm, perhaps all the worry over cuts and joblessness is what cause people not to spend...?
But yes, extremely difficult situation to be in. And we just voted in a bunch of noobs
And into it in the first palce....thanks to the muppets that voted for THEM!
Hang on. The recession was caused by Labour then? Not a world wide economic crisis that'd been brewing for 20 years? Wow.
Posted 1 year ago # -
How would overspending cause a recession?
Well, that just about sums up the Pro left, tory haters here.
TJ, Grumm, you haven't a clue
as demonstrated here:
[Um lots of economists were predicting that such drastic cuts as the government is carrying out would greatly increase the risk of a double dip. Looks like they were right.Yeap, thats right, cos of course, you'd never be able to find an economist who would say what you wanted to here, and they never ever disagree with each other.
Bet you can't find an economist who said we wouldn't DD...
Tsk, numpties Just more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
TJ and Grumm in "we hate the Tories" and heres why you should too, SHOCKER !!
Posted 1 year ago # -
Don't we need 3 consecutive quarters of negative growth for it to be called formally a recession? So this is a bit premptive doom mongering then!
Posted 1 year ago # -
Well done Tories (and all the chumps that voted for them)!
When a house is trashed, someones got to pay for it to be cleaned up.
Posted 1 year ago # -
Christ almighty! Listen to you lot bleating and whining. Its just me! Me! Me! isn't it with you selfish bastards?!
Will somebody think of the bankers FFS!!! The one's who've really suffered over the last few years.
They've got to make do with a paltry £7 billion bonus pool, regardless of whether its technically a double dip or not
Posted 1 year ago # -
And into it in the first palce....thanks to the muppets that voted for THEM!
Oh hang on, Labour caused a worldwide recession? All those people in Ireland must be very cross with Gordon Brown then, seeing as it's all his fault.
We wouldn't need so many cuts.........
We don't need so many cuts. We'll never pay the debt back if the economy slides back into recession caused by ideologically driven, excessively drastic cuts. (A position I seem to remember a Nobel prize winning economist coming out with a little while ago).
Just more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
I'm not a fan of Labour - they are just marginally less reprehensible than the current incumbents.
Posted 1 year ago # -
Someone think of Brown and Blair.
Gold-plated pensions and income for life.
Thanks guys. No matter what nothing will wash the blood from your hands.
Posted 1 year ago # -
Neptune - Member
Don't we need 3 consecutive quarters of negative growth for it to be called formally a recession? So this is a bit premptive doom mongering then!
Yup - its an indication that thats the way we are heading - thats all it is.
Posted 1 year ago # -
Just more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
(a) what's a leftis?
(b) I really don't like sliced bread
(c) Lots of economists (yes, I know we all vary in our opinions), even the more right-wing ones have serious doubts over the current government's policies. Not just the 'leftis'.
Posted 1 year ago #
Topic Closed
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