Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

http://www.bbc.co.uk/news/business-18977084

Now will they sack Osborne?


BREAKING NEWS:



UK GDP shrank by 0.7% between April and June, ONS says



UK economy continues to contractboarded up shop

The UK economy is still in recession, official figures show, after the economy shrank by a much-larger-than-expected 0.7% between April and June.

We are still better off then most of Europe , thank's to not joining the Euro zone

But if we were in Euro, we wouldn't let then to get into this mess. That would be better for the world.

Anyway, our NHS is providing free service to everyone who entersthe though, they just need to come to the UK to get free treatment.

Ahoj,

But if we were in Euro, we wouldn't let then to get into this mess.

Perhaps, reworded may mean we could have help them avoid some of the economic problems and the decline of British economy.

Also, may have given the various governments the bottle to to restrain the Financial Services which were overall as responsible for the chaos we have had.

The necessary reforms won't happen with a gutless government in hock to them.

It will be interesting to see Moody's next ratings.

Borrowing rates are high and with a down rating by them or decline may increase.

The problem was that the great schemer Osborne was hoping to be able to pump money into the economy just in time for the next election and give a false impression.

It could be seen as a scam which has backfired.

well explained Fred. Agreed.

I think they will end up spending on infrastructure to tigger growth. Companies will gain as no new competitor enters the market, but economies will continue suffering for long time.

It is good to see that Theresa May is on the ball at last.

http://www.newsbiscuit.com/2012/07/13/home-secretary-admits-illegal-chips-may-infiltrate-olympics/


Home Secretary admits illegal chips may infiltrate Olympics


Home Secretary Theresa May today admitted that she had grave doubts about G4S’s ability to keep non-McDonald’s potato products from entering the Olympic Park during the Games.

That's certainly not as bad as buying adult films using tax payers' money though!

Ahoj,

If the present coalition had spent a little more on the infrastructure when they took power, which was the positioning of some Lib/Dems and a few tories and many outside observers, probably we would not have had a recession.

What is happening is what many call biscuit time economics without any foresight and long term planning.

Also, cutting income tax and raising VAT was crazy, the latter does little for the economy in the way it was done, while the latter depresses it.

I noted when in France over 18 months ago, that money was being ploughed into the infrastructure in an attempt to lower their unemployment and hopefully enable them to"operate" more efficiently in any upturn.

" But if we were in Euro, we wouldn't let then to get into this mess "

Did Germany prevent the mess ? No they didn't , they just made it happen in their pursuit of a FREDral European state , by letting Greece and other country's into the EU

Just heard Prof David Blanchflower , (previous member of Monetary Policy Committee) scathing summation of Osborne's and the present governments naivety and economic strategies.

Suggesting that with the present policies that recovery will be postponed until 2020 or later.

Madness!

Well said, Aldwickk,

If we were in the Euro, we would be in that much bigger mess than we are now.
Anyone who feels that anyone taken much notice of this 'Always obey the rules, whilst letting everyone tread all over you' country is living in cloud cuckoo land.
As for putting billions of pounds in infrastructure, thats all well and good as long as the multiple contracts that it would take are not those ten times over inflated contracts that are always agreed by those too ready to sign up tax payers money.

What this country needs, is action, not words.
If just 50% of what was promised by Camerons/Cleggs lot re cutting waste had been delivered, we would not be as far down the road to ruin that we are.

Cutting Government waste.
Cutting Welfare.
Cutting Immigration.
Cutting Bonuses for Failure.
Cutting Bureaucracy for businesses.
Cutting red tape.
Cutting the compensation culture.

Every one of the above has increased!

I'm sure there are many other broken promises we could all think of.

Also it is accepted by the financial and banking sector monitors that the true figure of this countries debt, is still being hidden.

If the true total of off the books debts were known, I think we would all be queueing up at boarder control to jump ship.

Problem being of course.
Where do we go.

Take a risk view :


http://vimeo.com/46360805
http://vimeo.com/46360805

Fred1new post 17745
We would not have had a recession??
I'd already become resigned to the fact your understanding of anything government or financially related was not what anyone would term normal or sensible or even above childlike levels, but it appears your memory is not as it should be either.
I suppose your blind hatred of anything Tory, libdem or coalition seriously affects your rationale and judgement.
The country was already in recession by the time the labour government had doubled the national debt to a level which will never be repaid.
I continue to feel very sorry for you, it must be such a difficult life, coping with so much anger, rather than enjoying every day. Have you considered counselling?

Chuckle,

Which country are you living in?


Check your economic facts about the UK economy over the last 3years, 10 years, 20 years and then 50 years.

Look at shrinking GDPs.

Little anger, but some sadness and a little despair at the quality of leadership and the hangers on in this coalition misgovernment and their mistaken ideological based policies.

These policies have been found wanting. To a certain degree I am insulated against many of the disastrous actions of this government, but I am less than happy of the possible effects that the policies will have on my grandchildren and their futures.

I have witness tremendous advances in the quality of life in the UK since the 1940s and I don't wish to see those advances diminished by what many think is pig headed ideological stupidity, being practised at the moment.

-----------

I think that perhaps you are more in need of counselling than I am.

---------------------------
PS,

Did you view the video or hear Will Hutton condemnation of Osborne economics?

Listen, you may learn something.

I don't think Will Hutton is a reasonable person to criticise economic policy. He just fits into your view of things.

I don't think Will Hutton is an unreasonable person to criticise economic policy. He just doesn't fit into your view of things.

Hutton is keen for us to join the Euro.

http://www.express.co.uk/posts/view/333141/William-Hague-tipped-to-be-Chancellor/-William-Hague-tipped-to-be-Chancellor

I know who I trust, its not you Mr Balls.