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Adrian W
Original Poster
8,235 posts
98 months
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oyster
5,300 posts
118 months
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The economic surveys for Feb and March were booming. January must have been horrendous?
Or they've weighted it wrong.
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james_tigerwoods
10,856 posts
67 months
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Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help 
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oyster
5,300 posts
118 months
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james_tigerwoods said: Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help Serious question - what economic indicators made it obvious?
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Adrian W
Original Poster
8,235 posts
98 months
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james_tigerwoods said: Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help I would have thought it would have boosted sales for a short time
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Inkyfingers
1,027 posts
99 months
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Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
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james_tigerwoods
10,856 posts
67 months
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oyster said: james_tigerwoods said: Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help Serious question - what economic indicators made it obvious? The news reports of job losses, companies having profit warnings, manufacturing now increasing, companies closing - from what I heard in the news made it clear that there was little positivity around. However, there is a school of thought that says that the news we see is the news "they" want us to see
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Digga
10,942 posts
153 months
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I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
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Puggit
29,678 posts
118 months
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Inkyfingers said: Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference. I'm no economist, but it's fairly obvious to me that although this is technically a double-dip recession, we are now seeing stagnation rather than a real recession. As you say, Labour will have a field day with this - despite the fact that if they were in charge they'd just be storing up even bigger problems for later...
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sleep envy
59,552 posts
119 months
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Digga said: I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst. We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games. I suppose we'll find out in 3 months time.
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egor110
2,171 posts
73 months
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Inkyfingers said: Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count. You say we need consumers to spend, that's what got us in this mess though, consumers spending money they didn't have on things they didn't need. There are very few things people need, compared to what they'd like. My only debt is a 60k mortgage but there's no way i'd buy a new car or spend money on things i don't need as if a few months down the line i'm laid off i'd find that money useful.
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Turtle head
223 posts
24 months
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james_tigerwoods said: Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help Would love to see the figures for that. :-)
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Puggit
29,678 posts
118 months
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sleep envy said: Digga said: I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst. We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games. I suppose we'll find out in 3 months time. I work in Disaster Recovery - we have firms in London panicking about having to move their operations outside the M25. Bit late now 
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oyster
5,300 posts
118 months
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egor110 said: Inkyfingers said: Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count. You say we need consumers to spend, that's what got us in this mess though, consumers spending money they didn't have on things they didn't need. There are very few things people need, compared to what they'd like. My only debt is a 60k mortgage but there's no way i'd buy a new car or spend money on things i don't need as if a few months down the line i'm laid off i'd find that money useful. That's fine for you, but what part of the economy are you stimulating by your spending restraint?
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sleep envy
59,552 posts
119 months
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Puggit said: I work in Disaster Recovery - we have firms in London panicking about having to move their operations outside the M25. Bit late now Nah, there's plenty of time yet.
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HardToLove
520 posts
70 months
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egor110
2,171 posts
73 months
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oyster said: That's fine for you, but what part of the economy are you stimulating by your spending restraint? So what's your suggestion then? I go out and spend on things not needed instead of overpaying the mortgage then if the worst happens i've spent my savings safety net.
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Mobile Chicane
14,238 posts
82 months
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sleep envy said: Digga said: I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst. We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games. I suppose we'll find out in 3 months time. From last year's 'dry run' of the Cycling Road Race on Box Hill, local businesses had all the hassle of roads being closed, but no benefits whatsoever from the supposed influx of spectatators. Reason being that no-one could get near the place. Due to err... the roads being closed. 
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Balmoral
29,644 posts
118 months
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Retail is a struggle. March was my best month since last July, and April has been even better. But they don't make up for the last seven months of truly dire figures. The last four years have been rough, a few ups as well as downs, but I'm between a third and a half down on pre-crash figures (commission). I've had enough, I'm out of it, on a personal financial level it's unsustainable, and will continue to be so for quite a while.
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CBR JGWRR
5,177 posts
19 months
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Mobile Chicane said: sleep envy said: Digga said: I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst. We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games. I suppose we'll find out in 3 months time. From last year's 'dry run' of the Cycling Road Race on Box Hill, local businesses had all the hassle of roads being closed, but no benefits whatsoever from the supposed influx of spectatators. Reason being that no-one could get near the place. Due to err... the roads being closed. It can work - Isle of Man makes 20 million from the TT. (costs around a million to run.) If only the same could be said for the Manx GP...
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