"Oh no, not that one!" UK back in recession. FFS. http://www.bbc.co.uk/news/business-17836624 Stuff above, for anyone who gives a **** (and you should!).
Depressing. A recovery never even got started, yet we were told it was all on track. We won't enter a double dip recession. We enter a double dip recession, government says we're still on track. So was it the original plan? Did you lie? Do you know what day it is? No impetus for growth, minimal investment. Shouldn't have happened again. IM(humble)O
At risk of it becoming political, we had a longer shallower recession than others the last time because instead of lancing the boil certain people decided to try and put a sticky plaster over it. It was pretty obvious that when the plaster was taken off we were going to find an infection. I did like an article a few weeks back though where some union leader was commenting on the potential tanker driver's strike and decided to use the opportunity to try and get more Bank Holiday's for British workers because in several European countries they have more than we do. He'd have had more credibility if the 3 countries he went on to mention as examples to us weren't Greece, Portugal, and either Spain or Italy.
Think a big cause of it has been the building industry not producing as much as they should last quarter. Don't know what it's been like down there, but up here it's been ****ty weather which I think delays projects. They should then catch up in the summer when those projects gets completed and more money can be made than was planned for that quarter.
I read about the building industry being one of the main reasons for this, there's just very little being built. It all kicked off in 2008, the economy has bottomed out and the government has told us it's all part of the plan, we're on the up and a double-dip won't happen. Then it does, and apparently we're still on track. It's the lies that irk me. And the suggestion that there's some masterplan in action that us thick ****s can't see. To me, it seems like they're out of their depth. Either that, or they prefer it this way. They don't have spend as much in places where people don't vote Tory. Like here.
Don't fall into that one. Labour have been trying to play that card by saying they're going to have to relocate people from London to Stoke because their housing benefit cap doesn't allow them to be closer, despite there being 1,000 properties in London at the moment that fall under the cap. Then more locally you can throw in not allowing a development at the KC to create jobs in the same week BAE announced hundreds of job losses at Brough with the Labour MP for the area saying it was the government's job to find them work. As the local MP surely it's her job to put pressure on local councils to approve job creating schemes? They're all as bad as each other though, if it were Labour at Westminster the Tory councils would be doing the same thing. With the building industry I don't know how much of it is a lack of building and how much is the weather. I just know round here because of the bad weather there were lots or properties needing small emergency repairs which took workers from bigger projects that would have produced more money and set them back. Obviously we have seperate budgets done up here for a lot of things as well so we might have chosen to spend more on building than down there which would mean I wouldn't see the lack of it that you lot do.
When I hear about these things on the news I'm not sure what I'm expected to do about it. At least with a natural disaster there's some fascinating footage.
I think you're supposed to get your credit card and go and spend a load of money you don't have so that it boosts the economy.
It's contrary to the recent PMI data. They will issue a revision to the figures soon, which will give a clearer picture of actual position. Thought the markets might take it badly today, but seemed to be absorbed within the Apple results, which bouyed the DOW and, to a lesser degree, the FTSE. Eurozone worries still exist with Northern Europe looking OK(ish), but Southern Europe - UK included - starting to look weak again. Back to the football.
its not the ****ty weather that delays projects its lack of funds ive worked in the building game all my life in ****ty weather!
They wouldn't give me a credit card because I couldn't demonstrate I had enough funds to not need one.
It delays it when the wind is over 100mph with driving rain for several days and is causing damage to existing properties and the housing developments that they have to backtrack on to repair. Like I say, there may be a funding issue down there, but up here we had less get completed than was planned due to the damage caused delaying the projects that were funded.
I always feel a little smug whenever people start worrying about this. That's because im always skint. Get used to it folks,it's quite liberating !
I'm amazed they thought I had enough money to not need the level of available credit I got up to before I stopped working. I wouldn't have let someone borrow that much off me if they were only earning what I was earning.
I've a vague understanding of the difference between a currency with the value of its gold reserve and a fiat currency, but on English notes it says "I promise to pay the bearer on demand the sum of £xx" so if i went to the Governor of the Bank of England with his £20 promissory note, what would he give me in exchange?
Thatcher's humble origins and thrifty background contrast markedly with Milliband, Blair, Brown, Benn, Harman and nearly all other Labour politicians of recent years.
