News1 min ago
Bad News For Mr Milliband & Mr Balls?
24 Answers
But excellent news for the rest of us.
Looks like we are finally seeing some turn. Given that Labour seemed to have positioned themselves on the poor economy ticket (despite having caused it in the first place), what will they do now given this sort of news ?
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Looks like we are finally seeing some turn. Given that Labour seemed to have positioned themselves on the poor economy ticket (despite having caused it in the first place), what will they do now given this sort of news ?
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Answers
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Any sign that the economy is showing a sustained recovery - rather than a transient blip = is to be welcomed.
What we can never know is whether the economy would have shown signs of a sustained recovery earlier, had we followed a slightly different course, one of targeted austerity.
What we currently have is a fragile recovery, an effective downgrade of standard of living for many within the country, wages still lagging behind inflation, the suspicion that many of the "jobs" that have been created are part time, zero hour contract based, or paid barely above minimum wage, an economy still too heavily reliant upon the housing/building sector and consumer spending and borrowing,and swingeing cuts in infrastructure projects that may have led us out of recession and into growth sooner.
Not at all sure there is too much to celebrate just yet...
What we can never know is whether the economy would have shown signs of a sustained recovery earlier, had we followed a slightly different course, one of targeted austerity.
What we currently have is a fragile recovery, an effective downgrade of standard of living for many within the country, wages still lagging behind inflation, the suspicion that many of the "jobs" that have been created are part time, zero hour contract based, or paid barely above minimum wage, an economy still too heavily reliant upon the housing/building sector and consumer spending and borrowing,and swingeing cuts in infrastructure projects that may have led us out of recession and into growth sooner.
Not at all sure there is too much to celebrate just yet...
The main reason factories struggled in this country for so long was a combination of outdated technology and practices and Union Militancy
You don't mention management incompetence? Like (to cite British Leyland again) selling Minis at a loss?
As others have pointed out before, British workers seem to be producing good cars nowadays - just not for British managers.
You don't mention management incompetence? Like (to cite British Leyland again) selling Minis at a loss?
As others have pointed out before, British workers seem to be producing good cars nowadays - just not for British managers.
interesting reading, from 2012, but still relevant, and one suspects that there are British Managers involved
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Jaguar is Indian-owned. Minis are German-owned. MGs are Chinese-owned. Aston-Martin are mostly Italian (I think) after a period of Kuwaiti ownership. VW make Bentleys.
However, I think Bristols are still British
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However, I think Bristols are still British
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not only that, mikey, people are inquiring why Dave's been letting people sell nerve-gas chemicals to Syria
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Probably perfectly innocent, just to be used in Assad's ophthamology clinic.
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Probably perfectly innocent, just to be used in Assad's ophthamology clinic.
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