We're back in recession
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We're back in recessionhttp://www.bbc.co.uk/news/business-17836624
Two consecutive negative quarters of growth=recession
I predict that unfortunately the conservatives are about to see their worst local election results for decades.Last edited by usainlightning; 25-04-2012 at 09:37. -
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Re: We're back in recessionIs this erm a double dip? How long is it till it's termed a depression?
Don't blame Dave and George, they were too busy trying to push the Sky bid through for the Murdochs to raise billions for the economy in erm...taxes. -
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Re: We're back in recessionWarn who from what? Labour's economic policy is pretty much the same.(Original post by Barden)
Well we did warn you... -
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Re: We're back in recessionNo it was not. It was less cuts over a longer period of time. We weren't gonna take the unnecessary risk that the Tories did. But I'm not complaining... you gambled and lost!(Original post by usainlightning)
Warn who from what? Labour's economic policy is pretty much the same.
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Re: We're back in recessionWell as long as Labour look ahem...good (lol)...who cares what happens to the country...(Original post by Barden)
No it was not. It was less cuts over a longer period of time. We weren't gonna take the unnecessary risk that the Tories did. But I'm not complaining... you gambled and lost!
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Re: We're back in recessionThe better we look the more chance we have of winning elections and implementing our policies(Original post by morris743)
Well as long as Labour look ahem...good (lol)...who cares what happens to the country...
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Re: We're back in recessionWell that's fine then. As long as the tories are screwed you don't give a toss about any of your fellow citizens.(Original post by Barden)
No it was not. It was less cuts over a longer period of time. We weren't gonna take the unnecessary risk that the Tories did. But I'm not complaining... you gambled and lost!
If you actually look at the finer detail the differences in economic policy are not as stark as the parties make out. A £40 billion difference in fiscal tightening over the course of this parliament (5 years), which works out at £8 billion a year. In a £1.5 trillion economy the idea that an extra bit of borrowing would be the difference between a depression and a boom is quite frankly laughable. -
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Re: We're back in recessionThey gambled, everyone loses this shouldn't please you unless you place more importance on the success of your party than the good of the people.(Original post by Barden)
No it was not. It was less cuts over a longer period of time. We weren't gonna take the unnecessary risk that the Tories did. But I'm not complaining... you gambled and lost!
Should just point out the bad manufacturing from China which hit Europe something.Last edited by TheHansa; 25-04-2012 at 10:15. -
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Re: We're back in recessionIt was good enough for the IMF...(Original post by usainlightning)
Well that's fine then. As long as the tories are screwed you don't give a toss about any of your fellow citizens.
If you actually look at the finer detail the differences in economic policy are not as stark as the parties make out. A £40 billion difference in fiscal tightening over the course of this parliament (5 years), which works out at £8 billion a year. In a £1.5 trillion economy the idea that an extra bit of borrowing would be the difference between a depression and a boom is quite frankly laughable. -
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Re: We're back in recessionThe success of my party is (IMO, obviously) for the good of the people...(Original post by TheHansa)
They gambled, everyone loses this shouldn't please you unless you place more importance on the success of your party than the good of the people. -
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Re: We're back in recessionTo be honest, its no great surprise, with all the external factors like the euro being screwed, the US economy in recession, major currencies going through the floor, its hardly surprising that we are back in recession.
Neither Labour nor the Conservatives could have protected the economy from such wide, far reaching global economic problems.
It's just one of those things, the end of boom and bust I once heard. I think not. -
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Re: We're back in recessionHaha, there is some truth in that as well, I hardly go out for meals in restaurants but every time I do, they are hardly struggling.(Original post by TheCurlyHairedDude)
What recession?
I'm getting a pay rise soon, going on holidays, going out for meals. Ain't no recession life is only getting better.
I work in the holiday industry (cruises) and we are not struggling to fill cruises up in the Summer.
This recession is a funny one, maybe it is the availability of credit nowadays, dunno, many people still have disposable cash. -
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Re: We're back in recessionBack? We never left...
If we ignore a few minor numbers, percentages and economic definitions spouted by the banks, media and government, the obvious fact is that the economy is f*****, has been for years and isn't anywhere near recovering.
