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Business & Finance5 mins ago
Time For Plan B Says Imf
// George Osborne should curb Britain’s austerity plan within months, the International Monetary Fund warned today.
The Chancellor was told the economy still ‘looks bad’ and the Budget in March would be a ‘good time’ to reconsider his Plan A programme of cuts. //
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The Chancellor was told the economy still ‘looks bad’ and the Budget in March would be a ‘good time’ to reconsider his Plan A programme of cuts. //
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You posed an almost identical question on Tuesday, Gromit:
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One or two repondents asked for suggestions as to what plan B might actually be. Apart from a bit of wishy-washy fluff about building a few houses and some infrastructure (for which funds are not available, incidentally, and which would be unlikely to benefit the UK economy by much anyway) no ideas were forthcoming.
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One or two repondents asked for suggestions as to what plan B might actually be. Apart from a bit of wishy-washy fluff about building a few houses and some infrastructure (for which funds are not available, incidentally, and which would be unlikely to benefit the UK economy by much anyway) no ideas were forthcoming.
Are you both suggesting the IMF do not have an idea what another course for the UK might entail?
The economy has a serious lack of growth due to a lack of disposable income in people's pockets. The Government is raking as much money as possible from us all by axing our jobs, high taxes, and under funding services.
It is using all the money to repay our debts within one parliament. Unfortunately they are even failing at that and are continuing to borrow more and more money. We are not obliged to repay in 5 years, it is just a made up timescale. When we borrowed the money there was no 5 years limited to repay the money. We can repay within 20 years, or 15 years. Instead we are trying to pay it back too quickly and as a result the whole country is starved of money.
As it is, the Government will end up repaying over 10-15 years because we simply cannot do it in 5 years, there just isn't the money. And it is the lack of any growth in our economy that means the plan to repay over a life of the present Government is doomed to humiliating failure.
Meanwhile the High Street dies. Communities stagnate. People survive, just.
The economy has a serious lack of growth due to a lack of disposable income in people's pockets. The Government is raking as much money as possible from us all by axing our jobs, high taxes, and under funding services.
It is using all the money to repay our debts within one parliament. Unfortunately they are even failing at that and are continuing to borrow more and more money. We are not obliged to repay in 5 years, it is just a made up timescale. When we borrowed the money there was no 5 years limited to repay the money. We can repay within 20 years, or 15 years. Instead we are trying to pay it back too quickly and as a result the whole country is starved of money.
As it is, the Government will end up repaying over 10-15 years because we simply cannot do it in 5 years, there just isn't the money. And it is the lack of any growth in our economy that means the plan to repay over a life of the present Government is doomed to humiliating failure.
Meanwhile the High Street dies. Communities stagnate. People survive, just.
Come on Gromit just for once , instead of making woolly comments, tell us where's the money going to come from ?
Maybe you should ask the IMF ? The trouble is they didn't know either.
We all know if every country in the world's debter nations spent billions of monopoly money it would create a short term boost, but lumber our chidren
with debts for the next 100 odd years. In addition it would fuel massive inflation.
Now's your chance wave your red flag and tell us your soviet 5 year plan.
Maybe you should ask the IMF ? The trouble is they didn't know either.
We all know if every country in the world's debter nations spent billions of monopoly money it would create a short term boost, but lumber our chidren
with debts for the next 100 odd years. In addition it would fuel massive inflation.
Now's your chance wave your red flag and tell us your soviet 5 year plan.
"...due to a lack of disposable income in people's pockets"
You are joking, of course. Mortgages have never been cheaper, income tax allowances have increased considerably and working people have much more disposable income than they had five years ago.
Go to any restaurant - packed out, can't get a table.
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.
Go to a town centre pub on Saturday night - packed to the gunwhales.
Drive on any motorway or trunk road - chokka block (with fuel at £1.35 a teaspoonful).
Go to any venue where parents take children in school holidays (Legoland, Safari Park, that sort of thing) packed out.
People have enormous disposable income and they're disposing of it as they want to.
The High Street is dying because it does not cater for people's requirements. My wife went to buy a dress at M&S. Was standing there with her cash and wanted her size in a dress displayed.
Wife: "Have you got this in my size"
Sales Assistant: "Can you see it there?"
Wife: "Yes of course I can, I was just testing you. No, I cannot see it"
SA: "If it's not there, we haven't got it"
Wife: "Can you order me one?"
SA:"No, you'll have to do it yourself on line."
Wife: "But I'd like to try it on"
SA: "Well you can try it on at home and return it if it doesn't fit
Wife exits with the money still in her purse.
I went to PC World to buy a new printer.
Me: "I'd like to buy one of these printers"
SA: "The stock is on the shelves below the display"
Me: "There is not one there"
SA: "Then we haven't got one"
Me: "Will you order me one?"
SA: "No, we don't do that"
I retired to home, ordered one online for £15 less, delivered to my door in two days.
Many large High Street chains do not deserve to survive. It has nothing to do with the so-called recession but everything to do with poor service.
You are joking, of course. Mortgages have never been cheaper, income tax allowances have increased considerably and working people have much more disposable income than they had five years ago.
Go to any restaurant - packed out, can't get a table.
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.
Go to a town centre pub on Saturday night - packed to the gunwhales.
Drive on any motorway or trunk road - chokka block (with fuel at £1.35 a teaspoonful).
Go to any venue where parents take children in school holidays (Legoland, Safari Park, that sort of thing) packed out.
People have enormous disposable income and they're disposing of it as they want to.
The High Street is dying because it does not cater for people's requirements. My wife went to buy a dress at M&S. Was standing there with her cash and wanted her size in a dress displayed.
Wife: "Have you got this in my size"
Sales Assistant: "Can you see it there?"
Wife: "Yes of course I can, I was just testing you. No, I cannot see it"
SA: "If it's not there, we haven't got it"
Wife: "Can you order me one?"
SA:"No, you'll have to do it yourself on line."
Wife: "But I'd like to try it on"
SA: "Well you can try it on at home and return it if it doesn't fit
Wife exits with the money still in her purse.
I went to PC World to buy a new printer.
Me: "I'd like to buy one of these printers"
SA: "The stock is on the shelves below the display"
Me: "There is not one there"
SA: "Then we haven't got one"
Me: "Will you order me one?"
SA: "No, we don't do that"
I retired to home, ordered one online for £15 less, delivered to my door in two days.
Many large High Street chains do not deserve to survive. It has nothing to do with the so-called recession but everything to do with poor service.
New Judge I want to live in your world.
I get paid tomorrow. I borrowed a tenner tonight to get by.
I don't buy clothes and to be honest I look a scruff most of the time.
I don't go out.
I live as cheaply as I can but I have nothing. I have no disposable income at all.
Buy shares? What with? I can barely get my 12 year old car through its MOT.
I appreciate it's not tough for all of us but please, try not to be so ignorant and dismissive. These conditions exist on a more regular basis than you might imagine.
I work 40 hours a week and I work hard. My meagre income is not given to me by government. It is topped up by government though which begs the question, why is the government making up my wage instead of the company I work for paying me enough to live on in the first place?
I get paid tomorrow. I borrowed a tenner tonight to get by.
I don't buy clothes and to be honest I look a scruff most of the time.
I don't go out.
I live as cheaply as I can but I have nothing. I have no disposable income at all.
Buy shares? What with? I can barely get my 12 year old car through its MOT.
I appreciate it's not tough for all of us but please, try not to be so ignorant and dismissive. These conditions exist on a more regular basis than you might imagine.
I work 40 hours a week and I work hard. My meagre income is not given to me by government. It is topped up by government though which begs the question, why is the government making up my wage instead of the company I work for paying me enough to live on in the first place?
Salaries of judges:
The most common judges, District Judges and Tribunal Judges, are at the bottom of the ladder, and earn £102,921. The Lord Chief Justice is at the top, and earns £239,845.
And of course they don't produce anything that earnes the country money they are net takers.
And they live on another planet apparently.
The most common judges, District Judges and Tribunal Judges, are at the bottom of the ladder, and earn £102,921. The Lord Chief Justice is at the top, and earns £239,845.
And of course they don't produce anything that earnes the country money they are net takers.
And they live on another planet apparently.
I can't speak for M&S but the following are patently not true:
Go to any restaurant - packed out, can't get a table.
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.
I've been to restaurants at short notice. I've been on holidays at short notice. Cruise prices seem in particular to be heavily discounted. This is because people can't afford them
Go to any restaurant - packed out, can't get a table.
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.
I've been to restaurants at short notice. I've been on holidays at short notice. Cruise prices seem in particular to be heavily discounted. This is because people can't afford them
//Go to any restaurant - packed out, can't get a table.
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.//
Absolutely not true. The places that are packed out and doing well are the ones that offer 2 meals for £10.
Clearly judges eat at establishments the recession has no affects on!
Try booking a decent holiday - unless you do so a year in advance, no chance, all booked up.//
Absolutely not true. The places that are packed out and doing well are the ones that offer 2 meals for £10.
Clearly judges eat at establishments the recession has no affects on!
New Judge,
High street stores are all seriously under staffed at the moment. The stores are working at a bear minimum. Unfortunately, that does not leave any time for the staff to offer service. If they did there would be huge queues, no stock on display, and to be honest most of the staff are second earners working for few hours for near the minimum wage. They do not give a toss if you get your printer or your wife gets her dress because they are on a pittance.
High street stores are all seriously under staffed at the moment. The stores are working at a bear minimum. Unfortunately, that does not leave any time for the staff to offer service. If they did there would be huge queues, no stock on display, and to be honest most of the staff are second earners working for few hours for near the minimum wage. They do not give a toss if you get your printer or your wife gets her dress because they are on a pittance.
People have enormous disposable income......really?
You must be quite rich then .
And can't see further than than the end of your big fat wallet .
People are struggling to pay their bills and put food on the table and you're concerned about the fact that your wife couldn't get a dress to fit her in M&S.
That's disgraceful :)
You must be quite rich then .
And can't see further than than the end of your big fat wallet .
People are struggling to pay their bills and put food on the table and you're concerned about the fact that your wife couldn't get a dress to fit her in M&S.
That's disgraceful :)
Modeller
// We all know if every country in the world's debter nations spent billions of monopoly money it would create a short term boost, but lumber our chidren
with debts for the next 100 odd years. //
Would you care to try and justify the £325billion of Quantative Easing the Government has conjurered out of thin air? . Printed fantasy money p*ssed away.
// We all know if every country in the world's debter nations spent billions of monopoly money it would create a short term boost, but lumber our chidren
with debts for the next 100 odd years. //
Would you care to try and justify the £325billion of Quantative Easing the Government has conjurered out of thin air? . Printed fantasy money p*ssed away.
NewJudge, assuming your name on here is not fanciful, you are on 102k. Which restaurants do you dine in ? Veeraswamy's,Simpson's,The Ivy,Rules , that sort of place? I dine in them too, and they are full.They cater for you and me. But a fact of life in a recession is that the well off don't really notice. In the hardest recession , Bentleys will always sell.
But I have also had to close a fashion shop on the High Street and a city centre garage. That has put twenty people out of work. Why? Because people haven't the money in hand . About 30 per cent of the shops in the town with that High Street have closed down. (The garage in the other town wasn't selling Bentleys).
A lot of people are out of work,and a lot fear they might be. And if you're in business or setting up the banks will not lend.
The fact is, people do not have disposable income.
But I have also had to close a fashion shop on the High Street and a city centre garage. That has put twenty people out of work. Why? Because people haven't the money in hand . About 30 per cent of the shops in the town with that High Street have closed down. (The garage in the other town wasn't selling Bentleys).
A lot of people are out of work,and a lot fear they might be. And if you're in business or setting up the banks will not lend.
The fact is, people do not have disposable income.
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