Double Dip now inevitable?

[NoNeed]

ShadownINja said:

NoNeed said:

pilchardthecat said:

We only came out of recession because the BoE printed 200 billion quid, and effectively gave it to the state to spend, and the government borrowed a similar amount from the bond markets. This money is all included in the GDP figures.

The "recovery" is a myth, it's not real growth, it's the spending of debt and devaluation money by the state.

It's just one big dip.

The Mugabe way of doing things.



Eagerly awaiting a one billion pound note

This do?

Nope, I want a pisture of Gordo the great on it.

[ShadownINja]

NoNeed said:

Nope, I want a pisture of Gordo the great on it.

That is him. The signature is usually the bank chief though.



Lass on right is not the chief cashier... see?

Edited by ShadownINja on Wednesday 28th April 11:23

[WhoseGeneration]

ShadownINja said:

This do?

What's frightening about this is that Gordon would consider it very appropriate that his face should be on the currency.
Whilst announcing to us that this note does indeed show how "wealthy" the UK is.

[Soovy]

It's coming, and it's going to make the first one look like a picnic.

[RichardD]

ShadownINja said:

This do?
...

That is great, BUT it has been 10 minutes since you originally posted it.

So can you create a 100 million note now please!

[Fittster]

Soovy said:

It's coming, and it's going to make the first one look like a picnic.

It?

And more importantly will Goldenboy return to laugh at us all!

[ShadownINja]

RichardD said:

ShadownINja said:

This do?
...

That is great, BUT it has been 10 minutes since you originally posted it.

So can you create a 100 million note now please!

[Andy Zarse]

ShadownINja said:

RichardD said:

ShadownINja said:

This do?
...

That is great, BUT it has been 10 minutes since you originally posted it.

So can you create a 100 million note now please!

I fully expect the next Chancellor to alter the BoE MPC target inflation rate upwards, say to 4.5%. Then they won't have to raise interest rates.

[ringram]

Fittster said:

Silver993tt said:

First step is to retrospectively remove final salary pensions and base them soley on the individual's contributions and their growth as invested.

I would think that will prove to be a bit tricky from a legal perspective.

Why do you think laws cant be rewritten? Its not as if the government is averse to changing the law to suit itself.
In this instance its prudent.

[Scooby72]

pilchardthecat said:

We only came out of recession because the BoE printed 200 billion quid, and effectively gave it to the state to spend, and the government borrowed a similar amount from the bond markets. This money is all included in the GDP figures.

The "recovery" is a myth, it's not real growth, it's the spending of debt and devaluation money by the state.

It's just one big dip.

Exactly what this man said !!

[AJS-]

Russia did basically just this after the USSR collapsed. Pensions simply stopped, and after a few years so did the complaining. Of course Russia has the dubious luxury of very cold winters...

[Futuo]

ringram said:

But IMO taxes should be cut to do this not raised and offset by massive public sector cuts.

That is the only way out of this Labour made mess, huge cuts to the public sector and tax cuts for those in the real world.

Einion Yrth said:

Castrol Craig said:

Vince Cable as Chancellor...

Ye gods, NO.

Ken Clarke is the best option, everyone knows it.

[Fittster]

Futuo said:

Ken Clarke is the best option, everyone knows it.

Yes, let's join the Euro and bail out the PIIGs.

[Maxf]

What would huge cuts to the public sector do though in the short term? Surely the welfare state would just become more overburdoned? It has to be a gradual shift, IMO. Not replacing natural wastage and cost cutting, rather than a wholesale chop.

Don't get me wrong - I'd love to chop the non-jobs, I just don't think we can completely. Winky et al really have woven the public sector into the economy to such an extent that it will take years to unravel - probably generations.

[Tony*T3]

Maxf said:

What would huge cuts to the public sector do though in the short term? Surely the welfare state would just become more overburdoned? It has to be a gradual shift, IMO. Not replacing natural wastage and cost cutting, rather than a wholesale chop.

Don't get me wrong - I'd love to chop the non-jobs, I just don't think we can completely. Winky et al really have woven the public sector into the economy to such an extent that it will take years to unravel - probably generations.

Agreed. Move 500,000 people from being Tax payers (contributers) that spend their money on products and services to being benifit burdens, long term unemployed and probably the majority of them never gaining reasonable levels of employment again. Cant see how thats going to help really.

[ShadownINja]

Good point. Clown would make al qaeda proud.

[Digga]

Fittster said:

Futuo said:

Ken Clarke is the best option, everyone knows it.

Yes, let's join the Euro and bail out the PIIGs.

Funnily enough, under current circumstances, I cannot think even Clarke would cross the road to join that fight. He might now even be considered a safe pair of hands, now the Euro temptation has removed itself, by meltdown?

[Yeast Lord]

They've brainwashed the people into thinking that the only way to achieve growth is though higher taxes, holding off cutting public sector waste and a huge debt.

[Futuo]

What is better for the tax payer, paying some lentil munching politically correct non jobber 60k a year plus perks or giving them £60 a week, mmm that's a toughies isn't it?

In effect they don't pay tax, as it's tax payers money in the first place so they just give some of it back, it's just an adjustment in the amount we lose.

[Maxf]

Futuo said:

What is better for the tax payer, paying some lentil munching politically correct non jobber 60k a year plus perks or giving them £60 a week, mmm that's a toughies isn't it?

But they will pay an average of say 30% in income tax, then VAT on items bought, money pumped into the local economy etc etc. Of course, it is money 'gifted' via the non-job but as long as it stays in the country then its not too terrible.

Assuming you put them on the dole instead, you'll pay them £60 a week, plus a number of benefits and freebies - council tax waived, housing paid for and lots of cash taken out of the private sector through lower spending.

Again, not agreeing with the non-jobs but I just can't see how cutting them overnight would be positive for the economy.