News

**MSE Jenny** · 23-04-2009, 5:02 PM

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's 'The recession’s over … it’s recovery time!' Blog.

Click reply to discuss below.

tattoed bum · 23-04-2009, 6:19 PM

there is no way this recession is over ,it's going to take a long time to get through this .
these mp's need to be out in the real world helping businesses that are struggling if they help them then there might not be so many redundancies .
by that i mean the small and medium sized businesses not one's like tesco who made billions of profit last year

kezbabybabe · 23-04-2009, 7:38 PM

Oh Martin, I thought it was time for me to find a new mortgage deal...

lostinrates · 23-04-2009, 11:57 PM

I think the Debate house prices and economy board would be pleased to see this. Martin sounds as glum as most of we regulars there.

tomstickland · 24-04-2009, 12:29 AM

I've been having a good look round the online blogs and newspapers and everyone seems to be in agreement that things look bad and the budget didn't face up to the problems.

Even Labourlist.org has some good articles on it.

Generali · 24-04-2009, 2:51 AM

There's no way that the UK can get out of recession before her main trading partners (the US and Europe) do. As there's no imminent sign that things are getting better in those places, the UK will remain in the mire.

Longer term, the higher taxes required to service the vast amounts of debt the British Government is taking on in your names will be a massive drag on British competitiveness.

Labour is ruining the British economy for many years to come.

ginger tosser · 24-04-2009, 8:18 AM

How can we be heading out of a recession when most of the planned economic activity is to be paid for with debt - isn't that how our western economies got into this mess in the first place. The money will still need to be paid back and unless it is spent very wisely in making stuff that other people outside the UK want then it is simply a job creation scheme.
This guy has a nice round-up of the UK fiscal position cynicuseconomicus.blogspot.com/2009/04/2009-budget-madness.html and from this particular post it looks like the main stream media have cottoned on to the fact that UK PLC is pretty much bankrupt. I think I'll go and convert my £GB savings into Chinese currency right away...

pepe2008 · 24-04-2009, 4:30 PM

Would the last person to leave the Country please turn off the lights.......

......sorry, they appear to have already gone out...

moneysavy · 24-04-2009, 9:51 PM

oh well at least we will be the greenest of the green

Nats_101 · 25-04-2009, 11:31 PM

Bearing in mind the emphasis has been on hyping up the negative for so long regarding the downturn - it was made worse through the media before it was so bad, because it sounds so much more exciting when it's dramatic, maybe it's not such a bad thing for the focus to be more positive and uplifting.

Although it doesn't change the reality of job losses, reductions in household incomes, etc. it's time that people think about how to manage what they do have, their current realities, and believe that there is a way forward.

Maybe just maybe, at some level, there's a lesson or two to learn, such as how to manage your money, your life, your future, in a responsible and mature way.

Too many people have been too concerned with what they have and what they own rather than the really important things in life.

And the latest media drama - about how much the super-rich have lost; can you imagine a parent wondering how to pay for their child's school uniform, while watching this article on the news!!

martinisfab · 26-04-2009, 12:41 AM

Quote:

Originally Posted by Generali

Longer term, the higher taxes required to service the vast amounts of debt the British Government is taking on in your names will be a massive drag on British competitiveness.

Labour is ruining the British economy for many years to come.

Always easy to blame others and its a cop out to always blame the governement for every single thing. While the British government undoubtedly had a huge part to play in bringing this country to its knees, the British people were stupid in spending like the party was never going to end. Sales of champange, flat screen teles and holidays to places like Bali went through the roof. If the government had kept urging restraint, people in this "live for today" society would have called them party poopers, which is what they called me when I kept encouraging my friends to save a few pennies for a rainy day i.e. today.

I don't have a penny in debt and saved up during the so-called 'boom' years for the downturn which I knew was coming.

Holes in my pocket · 26-04-2009, 9:15 AM

We are a service country rather then a manufacturer one so uk recover wont happen until all other countrys have recovered we will be the last one

edinburgher · 26-04-2009, 10:12 AM

Quote:

Originally Posted by moneysavy

oh well at least we will be the greenest of the green

I was very disappointed in the 'green' measures included in our budget. When you look at investment levels for smart metering and the like in the US the amounts allocated appear somewhat pathetic in comparison

shinkyshonky · 26-04-2009, 2:06 PM

The problem is/was our biggest industry was the finance sector
and look what it has done imploded
A large service industry was built up around this which is now also imploding

We need to get back to what can we make...
learn How to stop this happening in future
stop thinking of a house as a profit...it`s a home
invest in jobs that will be around in 20+ years and can adapt to market forces
And learn mostly to live within our means

Regardless of who`s in power..the message has to get across , learn from it..move on

At the moment, i feel there will be a small boom, and then if its not sorted an even bigger crash in year or so

lotsadogs · 27-04-2009, 1:50 PM

Personally, I think that the media hype is largely responsible for many of the problems this and other countries now face.

Suse, the banks shouldnt have been lending money to people who couldnt afford to may it back and equally it people who couldnt afford to borrow should not have been encouraged as they where to borrow.

But I think that it is the media "view" that the we are all doomed financially that to a large degree has made us all doomed financially.

There is now ammasing and increasingly strong evidence that we GET what we focus on. Qhantum mechanics, states that the THought determines to a large degree the outcome. If we focus on debt and loss and depression then that is what we get, as an individual, as a coutry as a species.

Personally, when I see any good news news, I read it and focus on it.

It makes me feel good, and if I feel good, I function bettter, perform better, enjoy my day more, enjoy my life more, have more friends as a result, have more work as a result, have more money as a result. AS a result of all this feel good, I am greatful and in a place of gratitude, seems to come better performance still, bringing further rewards.

In summary, I fel that if you focus on what you can do, can establish control over, can improve, can do, can enjoy, can ehlp out with, then you will feel better. Whatever the TRUE state of the worlds ecomony, if YOUR world feels better, then you will be better equpped to deal with the worlds "reality" - if we ever find out what that is........

Good luck everyone with everything. And remember, whatever happens this time will passm and we wiull handle it!

filterman · 29-04-2009, 8:37 AM

Yes, of course, the bank policies on lending were the major cause of this recession but what a great job the media did of talking us deeper and deeper into the mire. Never ending doom and gloom and continual brainwashing style comment really did not help an already very serious situation.

So, maybe it is time that someone began to talk us back out of recession! Don't let's knock anyone for trying to breathe a little hope and optimism into our world. We need all the help we can get!

We will come through in the end and some positive thinking for a change can only be beneficial.

jumpsystems · 29-04-2009, 8:29 PM

Not for me it isn't. I'm self employed and my last contract ended in September. Since then I've worked in Boots over Christmas and gone for any temp work I could find; a total of 14 days!

It's about time that those at the helm looked around them and saw the carnage that's going on.

lotsadogs · 30-04-2009, 12:04 PM

Quote:

Originally Posted by filterman

Yes, of course, the bank policies on lending were the major cause of this recession but what a great job the media did of talking us deeper and deeper into the mire. Never ending doom and gloom and continual brainwashing style comment really did not help an already very serious situation.

So, maybe it is time that someone began to talk us back out of recession! Don't let's knock anyone for trying to breathe a little hope and optimism into our world. We need all the help we can get!

We will come through in the end and some positive thinking for a change can only be beneficial.

I agree. THinking better, makes performance better, makes feeling better, makes life better.

Life is not whathappens to us, it is what we DO with what happens to us. And i chose to lie in a world where I ignore the bad and focus on the posititve. Its a nice place to be, i hope many chose to come join me there.

To those that are affecteed badly, I hope you can view the future with some positivity. I wish you well and good fortune.

MothballsWallet · 30-04-2009, 9:55 PM

We have a long road to follow before we get out of Recession Valley. I think Mr Darling has rose-tinted spectacles (and those only worked for John Lennon and Yoko Ono).