UK recession deepens

Home Forum Chat Forum UK recession deepens

Viewing 40 posts - 1 through 40 (of 86 total)
  • UK recession deepens
  • El-bent
    Member

    All part of their plan.

    Premier Icon binners
    Subscriber

    And it’ll continue to as well. Its only heading in one direction while these braying, chinless hooreys are at the helm. Effing clueless!!!

    But hey… who cares? When you’re safely insulated from it all

    Revolution anyone?

    dabble
    Member

    I’ll get me pitchfork.

    Premier Icon The Pinkster
    Subscriber

    Yep, we’re all doomed, the end of the world is nigh and the country is going to the dogs.

    As there’s chuff all I can do about it at the moment I think I may as well go for a bike ride.

    Premier Icon zippykona
    Subscriber

    Anyone on here own their own business? How are you doing?
    We are the same as last year ,so not panicking just yet.
    One of my customers has a large building company and he is turning down work.

    CaptJon
    Member

    When they came to power the coalition prediction 5% growth by now, we’ve seen the economy shrink by 0.3% instead.

    Rickos
    Member

    George is too busy meddling with renewable energy subsidies and cow-towing to the fossil fuel lot. His fingers appear to be firmly in his ears when it comes to listening to people about decarbonising the economy.

    wrecker
    Member

    How does this compare with the other countries in europe (on average)?

    Junkyard
    Member

    hold on the mightt=y charriot of free enterprise is just warming up for the onslaught of jobs from the “wealth creators and all the joys it will bestow on us..i think i can hear it coming right now.

    PS nice to see the tories reminding us about tax avoidance
    That is the Tory led governement with the father of the PM who was instrumental in setting up andmade his millions voa a tax avoidance company

    FFS get your own house in order befor epreaching to me you amoral ****

    ah that feels better

    Premier Icon binners
    Subscriber

    His fingers appear to be firmly in his ears when it comes to listening to people about decarbonising the economy absolutely anything at all.

    FTFY πŸ™

    Premier Icon 40mpg
    Subscriber

    BBC:

    “It looks like construction has done a lot of the damage,”

    Actually, that’ll be Govt spending cuts in infrastructure and construction alongside private sector reluctance to invest meaning the construction market is in freefall.

    Premier Icon The Pinkster
    Subscriber

    Can anyone explain to me why construction is seen as the holy grail to get the UK out of it’s current financial mess?

    It may have worked in the ’30’s but I don’t see why it will save us now? After all the whole world is a different place now and the ’30’s ended with a bit of a punch up which might have had something to do with it.

    Junkyard
    Member

    How does this compare with the other countries in europe (on average)?

    have you heard of Google it answers all these questions and more

    Baddly is the short answer though not as bad a ssay Oreland, Spain, Grece or Italy
    Glocbally we are 165 for GDP growth out of 182 countries
    Take that Andorra, sudan and Syria.

    wrecker
    Member

    have you heard of Google it answers all these questions and more

    Why bother? πŸ˜€

    loum
    Member

    Don’t worry about it. Watch the ‘lympics instead.

    mrmo
    Member

    It may have worked in the ’30’s but I don’t see why it will save us now?

    If we start from the premise that there are more households being formed than houses being built there is a demand, the problem is money. Who pays and who buys the houses, someone has to invest money.

    grum
    Member

    hold on the mightt=y charriot of free enterprise is just warming up for the onslaught of jobs from the “wealth creators and all the joys it will bestow on us..i think i can hear it coming right now.

    Yes, because since we decided that we couldn’t possibly introduce a Tobin tax, or regulate the finance industry in any way, and we cut taxes for the highest earners, I believe the ‘wealth creators’ are now really fired up and motivated, free of stifling government meddling – can’t wait for them to really get things going.

    loum
    Member

    exciting times.

    uwe-r
    Member

    Not wanting to be overly gloomy but financially, as a nation, we are stuffed and thus will bounce along the bottom for a long time. As many other nations are in the same boat the tried and tested route of drop your currency value to stimulate growth tactic will not work and as we carry massive public debts this risks impacting the borrowing rate. The only realistic way forward is a long slow recovery with bumps along the way, it would not surprise me if such bumps turn in to a triple dipper or more.

    But it could be worse i.e. Greece / Spain / Ireland / Italy or worse still Germany who will end up facing the prospect of underwriting the whole mess or letting it all blow up and trying to pick up the pieces.

    Junkyard
    Member

    we have just not given them enough money yet [ dig deep plebs]. Is this the third or is it fourth bail out of the banks / giving them funds whilst encouraging them to lend.
    thanks god they did not loose theior bonuses whilst they were being bailed out by us, fiddling the LIBOR and not lending as agreed when we gave them the money…they really are laughing all the way to the bank πŸ‘Ώ

    damo2576
    Member

    Anyone on here own their own business? How are you doing?

    Mid size manufacturer so exactly who should be suffering. But luckily we are continuing to see growth by being in relatively defensive sectors. We do have one sector under performing which I have put down to economic factors and a tightening of budgets but overall up as I say.

    Seems to be quite a unique position, over the last 3 years I have seen so many companies come and go on our Estate!

    Premier Icon molgrips
    Subscriber

    I was worryingly quiet at my consultant job most of this year, but as it happens a load of people have spontaneously quit of their own accord, and I’m now also tied up til the end of the year.. fingers crossed!

    To be fair, they did cite the bad weather and extra bank holiday as mitigating factors. After all one day is 1.5% of a quarter; ok so there was still plenty of activity on that day anyway but it’s enoguh to make a significant dent in output.

    NB I am in no way supporting the current government or its economic policies!

    Premier Icon richmtb
    Subscriber

    The UK recession has deepened, latest official figures have shown, after the output of the economy fell by 0.7% between April and June.

    The contraction was much bigger than expected and follows a 0.3% drop in the first three months of the year.

    Chancellor George Osbourne is quoted as saying “La la la la I’m not listening”

    Premier Icon binners
    Subscriber

    Should we not just throw a few hundred billion of taxpayers money at the banks? That’s worked well so far.

    Oh… Actually ….. that’s probably what they’re preparing to do isn’t it? Again?!

    And to think, these lot used to criticise labour for just chucking money at failing institutions, without reform πŸ™„

    Premier Icon molgrips
    Subscriber

    I am going to coin a new internet acronym.

    IABMCCTT

    It’s a bit more complicated than that, Binners.

    uwe-r
    Member

    Blaming the Banks is a bit of an over simplification. Whilst there have been some unethical and possibly criminal things going on in Banks the overall level of indebtedness of our economy in all sectors is not solely the Banks fault. There are two players in every bank loan and both are equally responsible for the position they take on.

    The Banks are now rightly reigning themselves in and ironically the tighter lending control is a large part of the current problem hence the Politian’s dilemma of bashing Banks for bad practice with one hand yet trying to encourage lending on the other.

    Premier Icon kimbers
    Subscriber

    but we were told that the jubilee would boost spending!

    http://news.sky.com/story/21877/jubilee-britons-set-for-big-spending-spree

    the failure to push for a europe wide (global?) tobin tax and action against tax havens shows exactly whos interests our government are looking out for

    Premier Icon ononeorange
    Subscriber

    molgrips – what does the second “C” stand for?

    Premier Icon molgrips
    Subscriber

    It stands for fat fingers.

    Premier Icon ononeorange
    Subscriber

    Ah. I see. Thanks!

    Klunk
    Member

    blaming the weather and bank holidays is clutching at straws.

    Premier Icon molgrips
    Subscriber

    Why?

    Are you arguing that having 1.5% fewer days on which to make money would not be a factor in a drop of 0.7% in output?

    Premier Icon craigf
    Subscriber

    how come the extra day in february this year didn’t boost the economy then?

    Premier Icon binners
    Subscriber

    molgrips – what does the second “C” stand for?

    Is it ‘that‘ C word? With ‘ing’ at the end of it? So… It’s a bit more ****ing complicated than that, Binners.

    If so, I’m liking that πŸ˜€

    Premier Icon molgrips
    Subscriber

    Lol πŸ™‚

    how come the extra day in february this year didn’t boost the economy then?

    Maybe they factor that in, since it’s a regular occurrence. The ONS chap on the radio did say they’d be revising figures, but I dunno if they are compensating for it.

    No idea how they calculate this stuff.

    Junkyard
    Member

    Blaming the Banks is a bit of an over simplification. Whilst there have been some unethical and possibly criminal things going on in Banks the overall level of indebtedness of our economy in all sectors is not solely the Banks fault. There are two players in every bank loan and both are equally responsible for what the position they take on.

    Some unethical and probably criminal…no need for caveats lets just discuss how
    So the banks are so bad at lending they lend money to folk they should never have lent to who could not possibly pay it back …but it is their fault for applying rather than the banks fault for agreeing.
    So even when they are uttelry shit at their job [ which i assume is to only lend money to people who will pay it back] it is still not their fault.

    Yes it takes two but one is a clueless numpty with no financial training whatsoever and no business accumen and the other is just someone trying to borrow money πŸ˜‰

    damo2576
    Member

    No idea how they calculate this stuff.

    Basically a survey. Businesses have to complete them each month, sales, export sales, new orders received and so on. Not all business of course, a sample.

    tonyd
    Member

    [video]http://www.youtube.com/watch?feature=player_detailpage&v=gEmJ-VWPDM4#t=4s[/video]

    teef
    Member

    how come the extra day in february this year didn’t boost the economy then?

    Maybe it did – it might have been even worse

    Premier Icon binners
    Subscriber

    Should we have a sweep on the next ‘dog ate my homework’ excuse from Gideon, for this present quarters disastrous results

    The Olympics are definitely going to cop the blame I reckon. They’re a shoe-in! Or it could be Bradley Wiggins fault for so many people going to France to watch him

Viewing 40 posts - 1 through 40 (of 86 total)

The topic ‘UK recession deepens’ is closed to new replies.