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We're back in recession

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    http://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.
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    Thanks David and George.
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    Is this erm a double dip? How long is it till it's termed a depression? :dontknow:

    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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    Well we did warn you...
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    (Original post by Barden)
    Well we did warn you...
    Warn who from what? Labour's economic policy is pretty much the same.
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    Gotta love party politics. Blame games aplenty, when in reality, those at the top would appear to be as corrupt as each other. Again and again and again and again and again and again and again...

    Democracy lolz
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    (Original post by usainlightning)
    Warn who from what? Labour's economic policy is pretty much the same.
    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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    (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!
    Well as long as Labour look ahem...good (lol)...who cares what happens to the country...
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    (Original post by morris743)
    Well as long as Labour look ahem...good (lol)...who cares what happens to the country...
    The better we look the more chance we have of winning elections and implementing our policies
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    (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!
    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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    Well...that could have gone better.
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    (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!
    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.


    Should just point out the bad manufacturing from China which hit Europe something.
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    (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.
    It was good enough for the IMF...
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    They're still doing a better job than the previous Labour government. Cameron warned us the cuts would be harsh, and to get out this debt crisis we have to accept the risks.
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    meh
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    (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.
    The success of my party is (IMO, obviously) for the good of the people...
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    To 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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    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.
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    (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.
    Haha, 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.

    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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    Back? 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.

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