http://www.bbc.co.uk/news/business-23079082

In other news, I’ve written to my bank explaining that new data has allowed me to revise the outstanding amounts on my mortgage, and this shows that, in fact, they owe me.

…..I’m thinking that the economy must be even more tanked than we’re being told, if we’re now getting fed this ‘news’.

So suddenly the boarded shops will open, the factories be busy once more, the Job Centres emptying, and that nasty, spiteful, vindictive spending review yesterday will be but a bad dream…

and that nasty, spiteful, vindictive spending review yesterday will be but a bad dream…

Sadly, that has nothing to do with the economy, it’s a fundamental Tory belief that the poor must be made to suffer for their sins so the rich can feel even better about themselves.

you could try doing something, like buy stuff made in the UK whenever possible. Some body may get a job out of it and they’d pay tax. Just a thought.

you could try doing something, like buy stuff made in the UK whenever possible. Some body may get a job out of it and they’d pay tax. Just a thought.

But would European competition policies allow you to do this without tendering for the cheapest European supplier first. 😉

Good news: We didn’t have a second recession, by 0.1%

Bad news: The first recession was worse than we thought, by 0.9%

So really we’re 9 times more screwed than we thought we were, overall 😉

Sadly, that has nothing to do with the economy, it’s a fundamental Tory belief that the poor must be made to suffer for their sins so the rich can feel even better about themselves.

…you heard the chancellor on r4 this morning too then? What little faith I had in his own convictions/belief in himself went out the kitchen window when he trotted out the “we are all in this together”. You know any politician is running out of explanations when the partyt straplines come out. Respect to the interviewer for not laughing out loud at him.

“we are all in this together”

That’s true enough, but he forgot the bit about some people being a lot further in it than others.

It’s naive to blame Britain’s woes on our own government. Arguably past Labour profligacy has put us into debt but I believe that 99% of boom or bust happens DESPITE government policy, not thanks to it. We are part of a massive worldwide economy, from which we have no chance of escape. All we can do is ensure we have the resources to survive the bust bits.

From where I stand Britain is doing rather well compared with our EU neighbours; exports are booming and you can’t get seats on flights to popular business destinations at reasonable prices. My own employer is breaking records almost monthly and desperately building a new £9m automated factory to keep up with export demand.

Sadly, that has nothing to do with the economy, it’s a fundamental Tory belief that the poor must be made to suffer for their sins so the rich can feel even better about themselves.

A kindly benefactor could pay off the entire deficit tomorrow, (Amazon or Google perhaps?) and it wouldn’t make the slightest bit of difference to Tory policy. This is absolutely nothing to do with economics. Its pure politics. Always has been! Since they got in, they’ve been carrying out a ready-prepared agenda. The systematic dismantling of the welfare state, and the abolition of socialist heresy like the NHS.

The fact that its destroying any hopes of an economic recovery in the process, is neither here or there to these zealots! As neither themselves nor their rich, tax-dodging fiends will be effected anyway. Their Turbo- Thatcherite ideology, no matter how bankrupt and discredited, trumps everything! Especially evidence!

julianwilson – I couldn’t believe he’d had the nerve to trot that one out again. We’ve not heard it for a while. A bit like the Big Society

I couldn’t believe he’d had the nerve to trot that one out again. We’ve not heard it for a while.

Barrel-bottom truly scraped there. Perhaps he should have invested in an extra hour’s coaching with his ‘helper’ beforehand. 😕

globalti – Member

It’s naive to blame Britain’s woes on our own government. Arguably past Labour profligacy has put us into debt but I believe that 99% of boom or bust happens DESPITE government policy, not thanks to it…

what he said.

and we haven’t learned anything from the last … 16(?) years, we still seem to think that rising house prices are a good thing.

Better than that! Georges funding of mortgage deposits for people who can’t afford them, sounds exactly like the whole American sub-prime nonsense that caused the whole global financial domino-toppling in the first place. Except the taxpayer will be directly on the hook for the losses this time. The banks having even less risk, and exposure than before to any bubble/crash. Hmmmmmmmmmm I wonder if that’ll effect their usually scrupulous, public-spirited behavior?

But we have to keep inflating the market at all costs! So the lucky punters who own their own properties already can keep using them as cash machines

This is actually what passes for a policy for economic growth in the madness that is the Tory Party

More good economic news!! The Queens income is increasing again!!

http://www.bbc.co.uk/news/business-23065599