steveo
mine to stay the same please
- Joined
- Aug 30, 2005
- Messages
- 7,545
Bad news for Barna. This isn't really going to plan is it Barna? http://www.bbc.co.uk/news/business-24444134
Bad news for Barna. This isn't really going to plan is it Barna? http://www.bbc.co.uk/news/business-24444134
While welcome,it's still only a forecast.Let's wait and see what the reality is.
"However, it (ie the IMF) warned that it would still take years for the UK economy to recover fully from the 2008 financial crisis."
You've taken your eye off the ball.The argument has moved on to falling living stadards since 2010, which will still be the case even if there is a substantial increase in growth rates by 2015.
Prices are increasing faster than wages.That's why people rightly feel worse off.
the goalposts have only moved in the eyes of Labour apologists and Miliband. The relality is and was the public sector was wildly out of control and the economy unbalanced. The Tories have only being trying to do what they promised. Not easy for them to do and not easy for me to say as I'm not a Tory. They are getting there. TBH I don't feel the country should have gone through this pain foir the Labour party to muck it up which they will do. The analogy for me is that the fat man has now slimmed down and is fitter than he has been for years but the Labour party are ordering pizza.
As the economy picks up then so will wages and everything will go back to normal just like after every recession.
Its not rocket science.
This would be the 2008 financial crisis which was apparently was nothing to do with the government of the time then.
The whole thing revolves around spending money you dont have, I've seen it for years in individuals, families, businesses and Countries. At some stage you need to halt the slide or it gets the better of you.
The current government is trying to halt the slide. Labour would have continued as they were and we would have been in deeper **** had they got in again.
Greece, Spain the bloke down the road, all spending money they cant afford and it takes something dramatic for them to stop, take on some hard times and put their house in order.
When are you lefties going to learn that things have to be paid for and you cant keep living on other peoples money forever and that there isn't a fairy godmother who lets everyone have everything they want whenever they want it?
"However, it (ie the IMF) warned that it would still take years for the UK economy to recover fully from the 2008 financial crisis."
You've taken your eye off the ball.The argument has moved on to falling living stadards since 2010, which will still be the case even if there is a substantial increase in growth rates by 2015. Prices are increasing faster than wages.That's why people rightly feel worse off.
*waits for Barna to come back with a two line quote from The Guardian* ;)
whether this will happen before next year I have no idea.
You'll find this quote in the article which you gave a link to :-
"But overall economic activity is still not back where it was before the recession. The important services sector is higher than the previous peak, but manufacturing and construction some way below. Further evidence is needed before this can be judged a truly balanced recovery".
Of course it's not. For anyone to suggest it would be turned around immediately is just crazy. We can't just "handbrake turn" out of a recession. It's more of an "Austin Powers" style manouevre.
But then he's a Lib Dem, so I'd expect nothing more than a negative side swipe.
. It's more of an "Austin Powers" style manouevre.
Austin Powers is a Lib Dem? That I could believe.
Austin Powers is a Lib Dem? That I could believe.