The economy is over the worst and Labour did it, says Brown
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Discuss The economy is over the worst and Labour did it, says Brown at the Current Affairs, News and Analysis forum within the The Army Rumour Service website; Originally Posted by ashie
Originally Posted by Whet
Originally Posted by Conrad_Cock
Back to the ...
Milliways the restuarant at the end of the universe
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1,571
Re: The economy is over the worst and Labour did it, says Br
Originally Posted by ashie
Originally Posted by Whet
Originally Posted by Conrad_Cock
Back to the start of the thread Whet what is your take on the statement put out by The Prime Minister
Who am I to gainsay such organisations as the IMF link, the CBI link or indeed the FSB link.
If those big guns are firing out recovery stories, why are so many on here saying that there isn't one?
Blimey whet, you're not trying to suggest that some on here wouldn't recognise an inconvenient truth if it was slowly walking past them with a placard saying "I am an inconvenient truth" and giving a cheery wave, would you?
Ashie, have you really read the links or just looked for the words that suited you, they say it is getting worse just not as fast a bit like the blips that the Government used to say happens all the time, so if you have a blip against the flow in the good times then surely the same happens in the bad times, also FTSE doesn't appear to think so as yet
But then if you did get rid of Scotland, Wales and Northern Ireland, you wouldn't have a whipping-boy for your own failure to govern yourselves in a way you actually like, would you? Or for imposing a system of government - based on the English Parliament pre-1707, I'll remind you - that allows PMs to be appointed without holding a general election to provide a mandate?
Let the "but that's different"'s and "Porridge"'s commence.
but then we would be able to make our own mistakes for ourselves. A bit like the SNP wanted for themselves. Still the only way to be certain is to let it happen and that will solve the situation.
Re: The economy is over the worst and Labour did it, says Br
Originally Posted by heard_it_all_before
The recession will only be over when the debt that Mr Brown has burdened the nation with is repaid, and not a single moment before.
It's like the person that's lost their job and re-mortgaged the family house to see them through. After several months in the doldrums they may be back at work and earning, but they still have the excess debt to repay.
So growth in the economy is one thing, but the nation being free from debt and into credit is when it's over; and that won't happen for many, many, years to come.
Based on that logic we've been in recession since WW1.
Re: The economy is over the worst and Labour did it, says Br
Originally Posted by ashie
Originally Posted by Whet
Originally Posted by Conrad_Cock
Back to the start of the thread Whet what is your take on the statement put out by The Prime Minister
Who am I to gainsay such organisations as the IMF link, the CBI link or indeed the FSB link.
If those big guns are firing out recovery stories, why are so many on here saying that there isn't one?
Blimey whet, you're not trying to suggest that some on here wouldn't recognise an inconvenient truth if it was slowly walking past them with a placard saying "I am an inconvenient truth" and giving a cheery wave, would you?
Nice one! Whet/Sven is using his other troll account to reply to and agree with his boll0x.
25 Klicks West of Army Nick Fortress Camoludunum on A12 towards Londinium UK
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Re: The economy is over the worst and Labour did it, says Brown
" I doned it... I dooed it... I saved the Economy!" witters Pa Broone..... "More like good luck, than good judgement..!" says Teflon b'Liar commenting on Pa Broone's abilities as Prime Mentat..... allegedly course....
Well, I for one will wait until Broone and his whole boiling incompetent crew are kicked into the long grass before I start to use my 'Flexible Friends' and get out the old Champers....
Brown and Darling are still in denial about the fiscal mess that will have to be cleared up... and it won't be them that will do it...
Milliways the restuarant at the end of the universe
Posts
1,571
Re: The economy is over the worst and Labour did it, says Br
Originally Posted by parapauk
Originally Posted by heard_it_all_before
The recession will only be over when the debt that Mr Brown has burdened the nation with is repaid, and not a single moment before.
It's like the person that's lost their job and re-mortgaged the family house to see them through. After several months in the doldrums they may be back at work and earning, but they still have the excess debt to repay.
So growth in the economy is one thing, but the nation being free from debt and into credit is when it's over; and that won't happen for many, many, years to come.
Based on that logic we've been in recession since WW1.
There is a difference between in debt and a recession
Re: The economy is over the worst and Labour did it, says Br
Originally Posted by ashie
Blimey whet, you're not trying to suggest that some on here wouldn't recognise an inconvenient truth if it was slowly walking past them with a placard saying "I am an inconvenient truth" and giving a cheery wave, would you?
Gah, attack of the automatons! I swear it, they work in shifts in that bunker
Ashie, I'd suggest that there are loads of people who've taken wage cuts/on short time/been paid off/who are just holding things together using credit cards etc. I reckon that things will get a lot worse before they get better when interest rates rise and credit card debts and stuff starts to mount up. Christ, the b@stards are fcuking us up the arrse with petrol increases just now FFS.
Still, fcuk the working man eh, just as long as Cyclops gets re-elected!
Re: The economy is over the worst and Labour did it, says Br
For those who haven't bothered
The IMF said
The aggressive action taken in the UK to contain the financial crisis has been a success, the International Monetary Fund (IMF)has said.
In a report on the UK and its economic prospects, the IMF said authorities had “set the stage for a sustainable recovery” and confirmed signs of improving conditions.
Small businesses which were hit hard by the worst of the credit crunch and the recession nearly a year ago are starting to experience a tentative recovery, according to analysis by the Federation of Small Businesses (FSB) which has documented the economic downturn's impact on small firms since last September.
A comparison of FSB data collected over the past ten months suggests that the economic position small businesses are in is starting to improve since a low point at the end of last year.
And yes, whilst the CBI report did say
However, order book levels told a more negative story, with 63pc of manufacturers reporting that orders were below normal levels, and 9pc saying they were above normal. The resulting balance of -54pc was a slight improvement on July's 17-year low of -59pc, but still "in a range well below normal" according to the CBI, and worse than the -50pc predicted by economists.
. . . . . . . . it also said
[quote]Economists warned however that the CBI's reports on order books had not been a good guide to official data in recent months. "This reading from the CBI generally tends to be a poor guide to manufacturing output growth in the official data," said Allan Monks, economist at JP Morgan.
He added however that the CBI's output expectations measure had proved to be a better guide to actual output, and that the CBI survey sent "another signal" that manufacturing output would begin to grow again in the third quarter.
So Conrad, one report said that it was a slowdown in recession and not the beginnings of a recovery (refuted by Monks) it did say that output would begin to grow this year.
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