Crosswords4 mins ago
Is He Right ?
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or will it be scuppered when labour get in?
or will it be scuppered when labour get in?
Answers
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After managing to stretch the bad times out this long a recovery had better be in sight. Is it a triple dip still, or are we trying for a quadruple yet ?
Since the most painful way to cope with a recession is to batten down the hatches and just let the pubic feel the pain until confidence emerges, I can't see anything any other future government can do will make recovery any slower. It's taking it's own sweet time I have faith it'll pull out of the mire eventually.
Since the most painful way to cope with a recession is to batten down the hatches and just let the pubic feel the pain until confidence emerges, I can't see anything any other future government can do will make recovery any slower. It's taking it's own sweet time I have faith it'll pull out of the mire eventually.
Who knows? He's certainly better qualified than most of us but you know what they say - get 5 economists together you'll get 6 opinions.
What is crucial is the unemployment rate - people in work pay tax and buy goods, people out of work draw benefits.
That's certainly now in the worst position it's been since on 1997
That date rings some sort of bell - escapes me for the moment!
https:/
What is crucial is the unemployment rate - people in work pay tax and buy goods, people out of work draw benefits.
That's certainly now in the worst position it's been since on 1997
That date rings some sort of bell - escapes me for the moment!
https:/
The trouble with Mervyn King he knows he's on the way out and coming up with all these positive ideas hopes it will reflect on his stewardship. He achieved almost nothing for the British economy and his use of QE only helped the banks improve their balance sheets.
When the economy does pick up, which it must do eventually, Mervyn King should take none of the plaudits.
When the economy does pick up, which it must do eventually, Mervyn King should take none of the plaudits.
I doubt it, his predictions on almost anything have been woefully wrong over the past 3 years. Remember that phrase 'the green shoots of recovery'? That came from King at the BoE in 2011. Since then, things have got a whole lot worse.
Osborne will eventually do a U-Turn and abandon or slacken the austerity measures that have crippled growth. Though it is getting rather late in the day to have any major effect on the economy before the Conservatives face the electorate and what looks at the moment like a resounding thrashing.
Osborne will resort to plan B and some money will trickle into intrastructure and building projects but as his heart isn't really in it, it will be half-arsed and not be very successful.
Far from Labour squandering the proceeds of a recovery, there won't be one. The Conservatives do not have the political will to it. They have been joyfully printing money so they can claim to be paying off the bankers mess.
The sooner they are out the better.
Osborne will eventually do a U-Turn and abandon or slacken the austerity measures that have crippled growth. Though it is getting rather late in the day to have any major effect on the economy before the Conservatives face the electorate and what looks at the moment like a resounding thrashing.
Osborne will resort to plan B and some money will trickle into intrastructure and building projects but as his heart isn't really in it, it will be half-arsed and not be very successful.
Far from Labour squandering the proceeds of a recovery, there won't be one. The Conservatives do not have the political will to it. They have been joyfully printing money so they can claim to be paying off the bankers mess.
The sooner they are out the better.
Yes Jake, the figures you provided make interesting reading. If you strip out the estimated 600,000 public sector jobs created between 1997 and 2010 the figure may be different. Many of these jobs contributed little or nothing towards the economy, provided little or nothing for the taxpayer and in fact simply leeched money from the exchequer. It's quite true that people in work pay tax but it's not a particularly good deal to pay somebody £25k a year to do nothing useful just because you might get £3k or £4k back.
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