GDP shocka

[fido]

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

[crankedup]

fesuvious said:

Thinking of a customer of ours;

Went into rented Mid 2008 ('market is crashing, want to have cash') and is now in rented.

Rental £1500 per month. In the market for a house of @£500k

Total rental costs to date knocking on for £30k.

No sign of buying just yet, so assuming we stick another 4 months on that...we are at £35k.

Has the £500k house they sold fallen in value by £35k, yes, Id say so, easily.

Are they better off? Errmmm, Il let you chaps decide that one.

Simply on the money side of this equation, presume he sold his house so guess thats another 5k gone west. I client decides to purchase at some stage that'al be another 8k dead money bringing the dead money to 48k. Agree that the housing market has dropped much more than his current 48k worth of rental package, dependant on exactly where his house is of course.
Also depends on where he placed his cash investment and whether his done OK with that or not.

[crankedup]

Digga said:

johnfm said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

Are you posting rubbish again?

Economic momentum is such that policy changes take 18-24 months to be reflect in GDP figures. This is still a result of Labour economic policy.

Yes, he's blithely ignoring the fact that, in the absence of major economic reforms, sterling faced the very real prospect of becoming a target for the world financial markets.

But the fact remains that all the cutting of public expenditure IS HAVING A HUGE IMPACT ALREADY ON GROWTH PROSPECTS.Without a POLICY FOR GROWTH its extremely difficult to see where we go from here. You cannot just sit back and hope for the best, we need leadership and policies not just cuts. CAN YOU HONESTLY NOT SEE THAT?

[SplatSpeed]

crankedup said:

Digga said:

johnfm said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

Are you posting rubbish again?

Economic momentum is such that policy changes take 18-24 months to be reflect in GDP figures. This is still a result of Labour economic policy.

Yes, he's blithely ignoring the fact that, in the absence of major economic reforms, sterling faced the very real prospect of becoming a target for the world financial markets.

But the fact remains that all the cutting of public expenditure IS HAVING A HUGE IMPACT ALREADY ON GROWTH PROSPECTS.Without a POLICY FOR GROWTH its extremely difficult to see where we go from here. You cannot just sit back and hope for the best, we need leadership and policies not just cuts. CAN YOU HONESTLY NOT SEE THAT?

we need to get the debt down!

[NoelWatson]

fido said:

you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

GDP = private consumption + gross investment + government spending + (exports − imports),

so I'm guessing government spending is an influence, although I'm not sure if they have cut it (below inflation) yet.

[crankedup]

SplatSpeed said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

We have to wait and see, hence my use of words "will be'.

Fair enough - here is your first lot

http://www.dailymail.co.uk/news/article-1350359/40...

What! read a link into the Daily Wail, your kidding right. Its a rag full of ste at the best of times full of rubbish and sensationalism. Mind you they say the ladies enjoy the paper apparently.

what you scared of?

From reading the Wail, the paper that provides hard hitting factually accurate news, yee Gods!

[onesmallstep]

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

at least that gave us a chance even if it was misguided.

this lot are shafting everyone

anyway, it doesn't matter does it?

[SplatSpeed]

crankedup said:

SplatSpeed said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

We have to wait and see, hence my use of words "will be'.

Fair enough - here is your first lot

http://www.dailymail.co.uk/news/article-1350359/40...

What! read a link into the Daily Wail, your kidding right. Its a rag full of ste at the best of times full of rubbish and sensationalism. Mind you they say the ladies enjoy the paper apparently.

what you scared of?

From reading the Wail, the paper that provides hard hitting factually accurate news, yee Gods!

reading mein kampf dosn't make you a racist but allows you to see another point of view.

are you scared that you don't have the brain power to resist the daily mail and turn into soovy?

the point they make is a valid one, people were moved off of the dole to incapacity benefits!

[crankedup]

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

[SplatSpeed]

crankedup said:

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

the policy is simple basic thatcherism

1 reduce goverment spending
2 reduce taxation
3 increase growth through lower taxation (More incentive to earn do overtime)

[crankedup]

SplatSpeed said:

crankedup said:

SplatSpeed said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

We have to wait and see, hence my use of words "will be'.

Fair enough - here is your first lot

http://www.dailymail.co.uk/news/article-1350359/40...

What! read a link into the Daily Wail, your kidding right. Its a rag full of ste at the best of times full of rubbish and sensationalism. Mind you they say the ladies enjoy the paper apparently.

what you scared of?

From reading the Wail, the paper that provides hard hitting factually accurate news, yee Gods!

reading mein kampf dosn't make you a racist but allows you to see another point of view.

are you scared that you don't have the brain power to resist the daily mail and turn into soovy?

the point they make is a valid one, people were moved off of the dole to incapacity benefits!

Its the old adage, those that resort to personal insult have lost their argument. We all know of the history which you quote, its goes back years and years for goodness sake. Its a typical 'Wail' non story for those which do not know better.

[fido]

onesmallstep said:

this lot are shafting everyone

i really don't feel they are shafting everyone - perhaps they are shafting those with non-jobs in the public sector, but i'd rather that happen (or at least implemented via pay cuts or freezes) than to shift the burden onto tax-paying industries who can create the growth to get us out this mess. as for the rich, well we are an even more global economy than in the late 70s, and they can leave the country if taxed too heavily so the pain will inevitably fall hardest on everyone else.

[SplatSpeed]

crankedup said:

SplatSpeed said:

crankedup said:

SplatSpeed said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

We have to wait and see, hence my use of words "will be'.

Fair enough - here is your first lot

http://www.dailymail.co.uk/news/article-1350359/40...

What! read a link into the Daily Wail, your kidding right. Its a rag full of ste at the best of times full of rubbish and sensationalism. Mind you they say the ladies enjoy the paper apparently.

what you scared of?

From reading the Wail, the paper that provides hard hitting factually accurate news, yee Gods!

reading mein kampf dosn't make you a racist but allows you to see another point of view.

are you scared that you don't have the brain power to resist the daily mail and turn into soovy?

the point they make is a valid one, people were moved off of the dole to incapacity benefits!

Its the old adage, those that resort to personal insult have lost their argument. We all know of the history which you quote, its goes back years and years for goodness sake. Its a typical 'Wail' non story for those which do not know better.

asking what you are scard of is an insult??

do you live in a bubble?

all i asked you to do was look at a newspaper, but your predjucices stop you. I am not scared of the guardian!

people have told me they were advised to move from long term unemployed to IB at the jobcentre!

[crankedup]

SplatSpeed said:

crankedup said:

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

the policy is simple basic thatcherism

1 reduce goverment spending
2 reduce taxation
3 increase growth through lower taxation (More incentive to earn do overtime)

If thats the best you can do I, look we are not in the 1980's, its a completely different World to Thatchers time. However, I do agree that Public Spending MUST BE CUT and that is obviously happening. Unfortunately Taxation is rising, at best some taxes are remaining stable. Because the Government cannot afford to cut taxes, the tax returns will be reducing as people lose their jobs, and benefits bill will rise accordingly, we will not see growth through those old policies. Which is a pity.

[SplatSpeed]

crankedup said:

SplatSpeed said:

crankedup said:

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

the policy is simple basic thatcherism

1 reduce goverment spending
2 reduce taxation
3 increase growth through lower taxation (More incentive to earn do overtime)

If thats the best you can do I, look we are not in the 1980's, its a completely different World to Thatchers time. However, I do agree that Public Spending MUST BE CUT and that is obviously happening. Unfortunately Taxation is rising, at best some taxes are remaining stable. Because the Government cannot afford to cut taxes, the tax returns will be reducing as people lose their jobs, and benefits bill will rise accordingly, we will not see growth through those old policies. Which is a pity.

keep the faith growth will come when the debt is under control.

[onesmallstep]

SplatSpeed said:

crankedup said:

SplatSpeed said:

crankedup said:

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

the policy is simple basic thatcherism

1 reduce goverment spending
2 reduce taxation
3 increase growth through lower taxation (More incentive to earn do overtime)

If thats the best you can do I, look we are not in the 1980's, its a completely different World to Thatchers time. However, I do agree that Public Spending MUST BE CUT and that is obviously happening. Unfortunately Taxation is rising, at best some taxes are remaining stable. Because the Government cannot afford to cut taxes, the tax returns will be reducing as people lose their jobs, and benefits bill will rise accordingly, we will not see growth through those old policies. Which is a pity.

keep the faith growth will come when the debt is under control.

haha, um no I have no faith in any of the idiots liars and criminals that control this country.

this is all going to end very badly, either soon or in a few years.

You do know that the idiots in power are increasing the national debt at the same rate as the last lot.

You do know that they are relying on significant growth to remove half the deficit.

You do know that their logic behind their plans is that we always got growth after previous recessions.

You do know that if their plan works we will have a national debt of at least 1.4trn, interest alone will be about 70bn a year.

You do know that they rely on the private sector to create at least 1 million jobs.

oh thought not

[SplatSpeed]

onesmallstep said:

SplatSpeed said:

crankedup said:

SplatSpeed said:

crankedup said:

fido said:

crankedup said:

And what an incredibly stupid thing to say, we had positive growth numbers throughout until this lots policies have started to kick in, and now its zero growth, being kind about the weather affect.

Forgeting about party politics for a moment .. you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

Can I bring you back to my point, policies for growth is what I am looking for from this Government. We are all aware by now of the backdrop to the problem we have as a Nation. I am not raising a Party political point but did think that most of us would agree that growth is prerequisite to a strong economical recovery. This seems to be dismissed in here by some and I am at a loss as to why this should be so.

the policy is simple basic thatcherism

1 reduce goverment spending
2 reduce taxation
3 increase growth through lower taxation (More incentive to earn do overtime)

If thats the best you can do I, look we are not in the 1980's, its a completely different World to Thatchers time. However, I do agree that Public Spending MUST BE CUT and that is obviously happening. Unfortunately Taxation is rising, at best some taxes are remaining stable. Because the Government cannot afford to cut taxes, the tax returns will be reducing as people lose their jobs, and benefits bill will rise accordingly, we will not see growth through those old policies. Which is a pity.

keep the faith growth will come when the debt is under control.

haha, um no I have no faith in any of the idiots liars and criminals that control this country.

this is all going to end very badly, either soon or in a few years.

You do know that the idiots in power are increasing the national debt at the same rate as the last lot.

You do know that they are relying on significant growth to remove half the deficit.

You do know that their logic behind their plans is that we always got growth after previous recessions.

You do know that if their plan works we will have a national debt of at least 1.4trn, interest alone will be about 70bn a year.

You do know that they rely on the private sector to create at least 1 million jobs.

oh thought not

but it is the best plan available, you can't spend your way out of debt!

[Fittster]

SplatSpeed said:

but it is the best plan available, you can't spend your way out of debt!

Do you believe we can pay it off?

[SplatSpeed]

Fittster said:

SplatSpeed said:

but it is the best plan available, you can't spend your way out of debt!

Do you believe we can pay it off?

the first job is to stop it increasing, that allows us to refiance with ocean finance.

[spikeyhead]

SplatSpeed said:

Fittster said:

SplatSpeed said:

but it is the best plan available, you can't spend your way out of debt!

Do you believe we can pay it off?

the first job is to stop it increasing, that allows us to refiance with ocean finance.

Whilst I agree with that, I would like to see some real initiatives to help the private sector. Reduciton of business red tape etc are essential, as are a reduction in god knows how many petty emplyment law requirements that prevent so many one man companies from having any desire to take on any employees.