Double Dip a-go-go. Now senior Conservatives plan to say it is because the pursuance of the (discredited) Fredmanist economic policies has not gone far enough. So cue more cuts, more privatisations and more general ****iness from these ****y Tory *******s.
I'm still trying to work out we can give $10billion to the IMF in the same week as we are cutting $16 billion from government spending. Surely we could **** off the IMF and only need to cut $6 billion. Or it that just stupid?
Yeah but it's all Labour's fault, 2 years on and everytime summat goes wrong they trot that one out, 'we are sorting out the mess that they left behind' ...... they will be saying that in 3 years time as they are packing up and leaving after the General Election, by which time we will all be well and truly f**ked!
What always gets completley ignored by all is that the massive public debt was caused by bailing the banks out but for that the country has assets on its balance sheet, some of which are worthless but others that could be worth billiions if and when they return to health. Job creation via public works is required. Not syphoning off of public money to corporate profits as per the NHS "re-organisation", I mean privatisation. I'm not claiming that Labour are blameless. They are as guilty as anyone at NOT stopping the following of this "market knows best" mantra. Which, given the events of the last 4 years, it clearly doesn't. Until we accept that this style of economy does not work then we will keep coming back here and each time it will get worse than the last.
The markets operate on the guesses of traders. The entire system is one of guesswork and greed. Anyone who can knock 10% of the value of a company almost overnight after it posted worldwide profits of over $3 billion has got something wrong somewhere. Tesco might not have hit their original guess, but still increased group profits and most other companies would love to make 1% of that amount!
Shouldn't wages in the south be cut? Consequently, that would reduce demand for housing (and the price would come down). Just a thought...
Here's a view from Nobel Prize winning economist Paul Krugman who writes in the New York Times most days and is usually worth reading our economic woes http://krugman.blogs.nytimes.com/20...-achievement/?nl=opinion&emc=edit_ty_20120425
I agree and the fact that my pension is dependent on it to some extent is starting to worry the life out of me. My latest pension forecast points to my prudence and preparation for old age being one step away from a complete waste of time and I can't see things changing too much over the next decade or so. At least the bankers and politicians (of all colours) will be fine when they retire which is a very comforting thought; let's face it they've earned every penny.
'Britain will continue on a death spiral of self defeating austerity'.........but we've got Nick Clegg and Danny Alexander ....everythings going to be alright !!!
Can't understand it when we were doing so well under Brown and Darling!! Mind you totally agree this ones a tit too
Last 3 months under a Labour Government - 3.1% growth, In the last 2 years the whole economy of Britain has grown less than that!!!
