The recession’s over … it’s recovery time! Blog Discussion

MSE_Jenny

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

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

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

lostinrates

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

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

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

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

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

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

moneysavy

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

Nats_101

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

Generali wrote: »

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.