Matteeboy

I held off and am glad I did.

Probably doing some seed investment in a rather exciting new business but apart from that, we are making f all on it while its sat in the usual savings/isas.

urban

iTrader: (1)

triple dip announcement?

f1_fan

iTrader: (9)

Officially it won't be a triple dip as you need two consecutive quarters of negative growth for it to be classed as a dip/recession, but I know what you mean.

f1_fan

iTrader: (9)

0.3% contraction in 2012 Q4.

Jonathan Portes, an economist from the National Institute of Economic and Social Research, sums up how I feel about the current situation and what I said 2 years ago:

"Underlying it, ignoring all the special factors, what we see is the economy is not delivering the sustainable growth that we would normally see at this point in the cycle."

"This is due to the [UK] government's policies and the failure of governments in the eurozone.

"They should not have cut the deficit so quickly and before the recovery was sustained."

Correct, but too late now!

pslewis

For leading the country into a THIRD Recession!!!

Bring back Labour and let's get this country working again ....... once again to pick up the Economy from the Tories, after they have messed it all up!!

Techno-P

iTrader: (1)

We are in this position because of the previous Labour government.

f1_fan

iTrader: (9)

Partly yes, but also because of a global recession and because of this current government's flawed policies!

To think all our ills are down to the Labour government is stupid or the views of a Tory which is the same thing really

jonc

Ed Miliband as PM............*shudder*...

Techno-P

iTrader: (1)

There were no problems under a government run by Tony Blair, as soon as Gordon Brown became leader of the Labour party and in turn PM (who nobody voted for by the way), things went down hill.
But yes, the banking collapse was mainly to blame for the current financial situation.

The same problems existed in the 80's under Thatcher, recession and lack of jobs, and she had to bear the brunt of people's frustration, but she turned it around and Britain began to prosper and come out of recession, which led to Labour having a relatively easy time of things.

It's foolish to blame strictly the current coalition for the mess we exist in today. People want to be greedy and make money by claiming expenses on second houses and silly nonsense like that, which is another silly reason that the government - past and present - is strapped for cash. And these expenses scandal goes back further than the current government for sure!

Unfortunately the current coalition will always get the blame, and all they are doing is having to make the tough choices that i'm sure Ed Miliband would also have to make if he were in power.

On a personal level, if you have no money, your rather frugal, if you have lots, your more adventurous with your money. Same applies to the government.

LSherratt

iTrader: (1)

UKIP

urban

iTrader: (1)

I don't think its still too late per se, but Osborne will not allow himself be seen back tracking
He's dug his heels in all along and no doubt the slimey b@stard will continue to do so.

warrenm2

Bring back the pslewis who could craft a decent trolling post rather than these tired decrepit examples

urban

iTrader: (1)

Need to get him some elocution lessons first

Gear Head

iTrader: (2)

What I don't get is that they are still over spending, by around £75 billion!
Have they cut all there is to cut or what?
I agree that cuts to capital investment was not a great idea if they wanted growth to return, but they can't keep over spending can they? There has to be a limit.

f1_fan

iTrader: (9)

Put simply if the economy was growing as they hoped then government spending would be coming down, but it isn't so tax revenues etc. are down while benefit payments are higher than expected... so they are over spending and borrowing more than anticipated!

Matteeboy

Ahem...

http://m.bbc.co.uk/news/business-21193525

f1_fan

iTrader: (9)

Ahem...

5 posts up

Saxo Boy

Read the entire report. While interesting it is loaded with techniques to SELL. I know this because:

a) I'm a salesperson
b) I build websites that sell
c) I've read and learned loads about selling

I find it galling that they claim to be impartial and only interested in helping the poor and vulnerable people of Britain for FREE....then they charge £hundreds for their newsletter.

We are in something of a financial crisis and it will probably get worse. However, the people that make money out of it are those that take advantage of the stupidity and desperation of others. Desperate fat people pay £100's for magic slimming pills that do nothing. The same is/will happen(ing) here.

If these people genuinely cared they would forgo profit and offer the advice for free. If the advice was genuinely good then it would be in demand and droves of people would go to their website to read it. All they need is some Google ads on the website and their costs are more than covered. The fact they didn't adopt this model almost certainly suggests that they don't have 'your interests' at heart.

Matteeboy

Saxo; wise words and as a fellow sales person (sort of) I agree but if you skirt around the sales guff, there are still some worthwhile nuggets of info.

Matteeboy

My link looks prettier than your copy and paste... ;-)

Saxo Boy

There's no smoke without fire - as they say - so I would imagine they are drawing on some reasonable facts and analysis. They may even be 100% right about what is going to happen; whether the avoidance advice they give has any value remains to be seen.

Leslie

I did ask you once Pete,what would be your advice to a government which inherited an economy which had been destroyed by the previous government because of their hopeless, irresponsible, and self seeking overborrowing?

Les

pslewis

Les ....... I do not recognise the previous government you state.

All I can see is that Labour 'just happened' to be holding the baby when the baby crapped itself .... that's all'

You cannot hold Labour responsible for the world financial crisis - can you? Look at Greece, Ireland, Spain, Italy, etc. - in much more of a pickle than us!

Labour saved the world by showing the way through the mess ...... the Tory boys don't have a clue!

Mike GT

iTrader: (1)

Labour saved the world.....really..

Both these parties are as bad as each other..

The tories are only ntrested in raping the countrys working mans pockets, to line their own, and pay for second mortgages, and ridiculous expenses..

And labour are only intrested in making the lazy jobless, alcholoic, drug crazed scum of our country sit at home even longer claimin every benifit under the sun.......

Either way the working class of the UK pay for ******** who do nothing but sit on their **** & laugh at the rest of us, it's time for a change IMO

Saxo Boy

If I had to pick one I'd much, much, much rather have my money taken to make the rich richer than to allow jobless, layout, scum with a <80 IQ sit on their **** smoking, drinking and taking drugs all day.

End the benefits system now. End the NHS now*. Stop supporting every tom, dick and harry now.

* FWIW I think the NHS is amazing but we can't afford it. At the very least make people pay when their ailments which are clearly attributable to their own actions/abuse (i.e. morbid obesity, drink and drug use, etc)

Chip

Techno-P

iTrader: (1)

I use that in the loosest sense of the term.. As in no economic instability.

madscoob

iTrader: (3)

if you honestly believe gordon was so brilliant, may i sugest reading
GORDON IS A MORON by vernan cole, eye opener or what

chocolate_o_brian

iTrader: (22)

No they haven't cut enough. Walk around Scunthorpe and see all the benefit scroungers getting their free money and accommodation