UK back in recession. Double dip.

well it does have more money than the American government.

Surprising. not really that's capitalism gone mad over there.

reply to post by woodwardjnr


Thanks for posting, I just read this on MSN. I love the spin:

As can probably be expected, the chancellor is pointing the finger at the previous government - saying the contraction is partly Labour's fault for running up such a huge deficit.

LOL, what about the hundred odd other countries that went into recession?

Labour has argued that the recession is proof the government has cut too far and too fast. However, Osborne insisted it would be wrong to soften his austerity measures, saying: "The one thing that would make the situation even worse would be to abandon our credible plan, and deliberately add more borrowing and even more debt."

What credible plan? If your plan was credible then we wouldn't have double dipped! How stupid do they think we are? It failed, time for a rethink!

Now, to make things worse, the Queen has to go and have a jubilee, dropping DGP for a whole day.

Enjoy the jubilee bank holiday because the economy is potentially going to pay a high price for it. Azad Zangana, a European economist with the global asset management company Schroders, has warned that the extra day off will make a real difference to the country's economic situation.

Personally, I think they should cancel it. Yes, I would get a day off work but what the hell am I gonna do? There will be bugger all on telly, my mates will probably be working cos they are working for the darkside and I will feel guilty for collapsing the economy by not being at work!

Does anyone else feel like the timing of this is rather odd?
SOURCE: MSN

reply to post by Freeborn

Billions are being spent on regenerating and improving the already affluent London and the surrounding areas whilst the rest of this country is being destroyed by these austerity cuts.

Although I agree with the majority of your views, I live in Nottingham and the local council are spending millions on improving peoples homes. They really are making old council houses, really nice houses to live in.

The UK has been in decline for 30 years, due to the manufacturing industry being scrapped, so that we could buy cheaper goods made in China etc and that the corporations who ran British industry could use the UK as a dumping ground for cheap goods, in order to make massive profits from cheap labor costs in China...in other words the rich do not and never did care about the state of Britain, as long as they can squeeze as much profit out of it as possible and every government for at least 30 years has backed this using and abusing of the country in order to keep the very wealthy wealthy at every one elses expense.
However all the Chines goods are generally low end manufacturing, like toys, shoes etc.
All the UK needed to do was produce lots of high end, and luxury manufactured goods for export.
If you look at China, most of the Communist party drive German cars, because they are better quality.
In stead of making high end goods, the UK sold most of its high end manufacturing to German companies. Duh.
I am no economist, but if you do not literally produce goods, you really don't have an economy.
The so called service industry, is just smoke and mirrors because you need everyone to work in the service industry and everyone to purchase services..it simply does not and never did wash with me, that BS.

And for what its worth I am not one bit patriotic, because the UK I grew up in, is the one ive just written about..one of absolute greed, where News Corp has more or less been running the whole political system and brainwashing the idiot on the street for 30 years. How can anyone be patriotic towards that cr4p. Plus we still have some German cronies calling themselves the royal family, not that im in favor of royalty but at least they could be English.

reply to post by splitlevel


Despite what some would have you believe, we are still an exporter.

The manufacturing sector makes up 20% of GDP and we have huge exporters like Jaguar, Land Rover, Nissan, Corus, the big Pharma's etc. We export a lot of "high end" goods to places like china, which is precisely why the likes Jaguar and Land Rover are seeing record profits and are expanding.

That's not to say things can't be better, but you paint a bleak picture which is somewhat inaccurate.

If you say it enough times people will start to believe you, the news talked us into a recession and will do again, my reason for this is the job I have been in for 18 yrs I have not known business like we have had so far this year for about 4 or 5 years.

The company I work for supply materials and hardware for companies who are signmakers, just take a look the next time you walk or drive or cycle down the road and see all the signage there is, from suppliers to signmakers everyone I have spoken to they are lucky to get one or two days quiet each month, otherwise they and we suppliers are stacked out with work.

If the news reports changed tact and said things are going great guns the economy would take off before you know it.

Wolfie

reply to post by Wolfie_UK


Exactly, part of the problem is people being told there is a problem. As a result, people will reign in spending, causing the very thing they were warned would happen.

reply to post by Wolfie_UK


Though there is a lot of truth to what you said, there still is barely any jobs.. Thus spending power has gone down..

I just wish we would get out of europe, start using the money earmarked for those tossers (£30m a day) to reinvest in the country and our infrastructure.. We could also use some to pay the deficit and bring down taxation on fuel etc..

Trouble is

It will not happen until we get rid of the wankers on both sides of the house of commons and replace it with independent MPs with no party affiliation or corporate sponsorship..

I also think that before you can vote you should have to pass an exam!

reply to post by EvanB


The main reason for lack of jobs is outsourcing to other countries and the fact the border agency in the UK is a joke, so all those who enter illegally drop off the radar and take jobs at a lesser rate of pay than the legal UK population would work for, and personally I have no problem for these people for doing this because they need to earn and feed themselves and perhaps family members.

This country is run by leeches and supported on the main by shortsighted idiots, I don't vote myself and have no desire to do so purely because the way elected governments have four years to put everything right before the next election and the hope of been elected..........all they do is put a plaster on the problem when cutting the limb off is needed to save the patient / country.

Wolfie

reply to post by Wolfie_UK


Problem is matey, by not voting, your increasing the strength of those who do vote for the same old crap. At least by voting, there is a chance that if others do as well, there may be a some chance of an upset.

reply to post by stumason


Stu the same old parties same old crap so why vote, the last time I went to vote and asked why the party I wanted to vote for was not on the card (not the BNP before anyone asks) I was told that the said party had not paid / decided to run in the area I live in............this was a national election not a local election........democracy went out the window there and then for me because I was restricted to who I could vote for, that is not democracy but a way to railroad voters to the same old tired #e.

Politics...............I would love to see no one vote just to see the reaction of those in power or wish to be in power!!

Wolfie

i wouldnt say that the UK doesnt make anything but what we do make is of high value.
so as long as rich buggers want to buy our stuff were ok.
one good thing the UK is very good at is innovation.
the company i work for designs and makes biochemistry research machines.
if it wasnt for us innovating new designs we wouldnt exist.
we did try to get our machines made in china but the quality was terrible and when your talking of nanometer measurements, it just doesnt work.

so its not all doom and gloom but the uk is becoming very specialised and if you stand any chance in life you have to become specialised

Originally posted by Wolfie_UK

This country is run by leeches and supported on the main by shortsighted idiots, I don't vote myself and have no desire to do so purely because the way elected governments have four years to put everything right before the next election and the hope of been elected..........all they do is put a plaster on the problem when cutting the limb off is needed to save the patient / country.

Wolfie

How can you complain if you don't vote? I have far far more respect for anybody here complaining from either wing of politics than those who don't vote. Blah blah blah nobody matches my views (including the myriad protest parties?, independents? extreme ?). Tough it';s called making a choice weighing up pros and cons and making your mark. Your last resort (if you can be arsed walking to the polling station!) is to spoil your vote. ALL SPOILT VOTES ARE COUNTED. Imagine an election where the number of spoilt votes was greater than any other party! The press would have a field day. The MP elected would be hounded constantly as having no validity.

By the way the UK is nothing like the US, over here you can elected, as an independent, for a few hundred quid outlay if you can appeal to your electorate. If you can't appeal to the electorate then it's back to my previous paragraph, stop whining, think and make a decision.......unless of course you are one of the sheep waiting for Rupert Murdoch to tell you who to vote for through in the Sun whilst admiring a nice pair of tits!

(for our US cousins : the Sun always has on page 3 a full page topless model)

yeh page 3 orbs do tend to have more useful info compared to the rest of the news paper.
i stopped buying a news paper a long time ago as they tend to sensationise certain stories just breeding more hatred

Originally posted by Wide-Eyes
reply to post by woodwardjnr

 

Thanks for posting, I just read this on MSN. I love the spin:

As can probably be expected, the chancellor is pointing the finger at the previous government - saying the contraction is partly Labour's fault for running up such a huge deficit.

LOL, what about the hundred odd other countries that went into recession?

Labour has argued that the recession is proof the government has cut too far and too fast. However, Osborne insisted it would be wrong to soften his austerity measures, saying: "The one thing that would make the situation even worse would be to abandon our credible plan, and deliberately add more borrowing and even more debt."

What credible plan? If your plan was credible then we wouldn't have double dipped! How stupid do they think we are? It failed, time for a rethink!

Now, to make things worse, the Queen has to go and have a jubilee, dropping DGP for a whole day.

Enjoy the jubilee bank holiday because the economy is potentially going to pay a high price for it. Azad Zangana, a European economist with the global asset management company Schroders, has warned that the extra day off will make a real difference to the country's economic situation.

Personally, I think they should cancel it. Yes, I would get a day off work but what the hell am I gonna do? There will be bugger all on telly, my mates will probably be working cos they are working for the darkside and I will feel guilty for collapsing the economy by not being at work!

Does anyone else feel like the timing of this is rather odd?
SOURCE: MSN

edit on 25-4-2012 by Wide-Eyes because: Edit to add source!

Totally agree with you. I also distinctly remember Osbourne claiming credit for the state of the economy 2 quarters into their administration as proof their policy was turning the tide "left by the previous administration" and the austerity measures were working. What the idiot failed to acknowledge (by looking at economic trend charts) was that economies take about 2 or 3 quarters to react. He turned a rising growth into a flat growth and now reversed it completely.........DUH! John Maynard Keynes is turning in his grave at the lunacy.

The problem with the UK (as with the US) is arrogance where we point blank refuse to look at all the countries out there, take a note on which ones are improving, which getting worse, compare demographics, manufacturing etc and decide what works. Guess what, high taxes are NOT a detractor. High public spending is NOT a detractor. It all depends on what the taxes pay for.......

I'm sorry, but I think its inaccurate to say we're back in recession, because I don't believe we ever truly left the first recession.

We are still in recession, would be more accurate.

Ah well, at least the Olympics are on soon. Should be a good show. Lots of free entertainment for the locals. Jobs, prosperity, gold medals and The Queen in a nice colourful designer outfit. Yep, money well spent I reckon.
>Sarcasm-off

reply to post by yorkshirelad

I left the UK in 92, it was recession time then too. My folks had just lost their house to the banks and were living with Father-In-Law in his tiny flat. Stressful times. Its the same here in Holland now though. There was a piece in the online paper saying that house repossessions are up significantly on last year due to some owners not being able to make the payments anymore.

I believe Ireland's housing market recently dumped also, after its initial boom-period since joining the Euro. They lost 60% of their value in recent years. 60%?

Originally posted by Freeborn
This country is being destroyed by the policies of successive governments who have little regard or interest in the cares, concerns and well being of ordinary people and whose priorities are to maintain a system that promotes the interests of the wealthy elite before anything else.

Cameron continues to waste billions on foreign aid, foreign wars and programmes like The Olympics whilst the majority of the country begins to feel the full effects of his 'austerity' cuts.
This whilst his banker and corporate whore friends and backers continue to bleed this country dry.

And it will remain so as long as we have an electoral and parliamentary system that is outdated, unrepresentative and relatively unaccountable and careerism, self-advancement and gain, cronyism and adherence to dogmatic party line all take precedent over personal belief and conviction or the best interests of members constituents and the will of the people.

Brilliant, lucid and a possible prize-winning quote that sums up the entire system as it stands.

I don't live in the UK but does anyone who does have any solutions?

I feel that the government should try to get rid of the Euro in a controlled way instead of waiting until the thing implodes. If they wait, civil arrest will just build and culminate into large riots and consequently marshall law. I know the global consequences of the retraction of the Euro, but just waiting is going to cost lives. Unfortunately it seems like the politicians of Europe won't let go of the fiat system.

What are the Euro crash failsafes, if any?