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Are the forecast budget deficits sustainable?
Comments
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that's not what wookie boy wanted - he's just stalking Rochdale again
what's wookie boy going to say when the banks repay their bail-outs and the banks shares are sold for a profit... :rolleyes:
Actually that relates to a question I had, does anyone have a breakdown of the debt forecasts, i.e. between Lost tax receipts - Inceased Social expenditure - Bank support?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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and don't forget these are forecast by the government, who are bound to be optimistic.
The Treasury has defended its figures.
http://news.bbc.co.uk/1/hi/business/8022447.stm
Treasury defends Budget forecasts
"The UK Treasury has defended its much-criticised forecasts from the Budget, calling them "realistic".
Chancellor Alistair Darling told MPs last week that the UK economy would shrink by 3.5% this year.
But the International Monetary Fund (IMF) and others predict a much larger economic contraction in the UK.
Dave Ramsden, the Treasury's chief macroeconomist, said that commitments made by the G20 group of industrialised nations would boost the global economy.
"I think our headline fiscal forecasts are realistic," Mr Ramsden told the Treasury Select Committee."
Time will tell;):o0 -
i've asked it when people post how much debt the UK is in - seems to get ignored, i wonder why??
I just thought someone may have dug out those figures, I am sure there will be a reconcilliation on the BOE site, I will have a look at some point. It does seem that the numbers are sensitive to the length of the recession and the performance of the banks. It feels like yesterday when me and others were being laughed at for buying Barclays at £0.50p.
Now we have HSBC raising the forecast price to £3 from £1.10
HSBC:
Barclays Overweight (Neutral) 300p (110p)
JCDecaux Underweight (Neutral) EUR9 (EUR15)
Lloyds Overweight (Neutral) 150p (40p)'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
THURSDAY, APRIL 30
LONDON - Auction of Index-linked gilt.
WEDNESDAY, MAY 6
LONDON - Auction of Conventional gilt.
TUESDAY, MAY 12
LONDON - Auction of Conventional gilt.
THURSDAY, MAY 14
LONDON - Auction of Index-linked gilt.
THURSDAY, MAY 21
LONDON - Auction of Conventional gilt.
THURSDAY, MAY 28
LONDON - Auction of Index-linked gilt.0 -
that's not what wookie boy wanted - he's just stalking Rochdale again
what's wookie boy going to say when the banks repay their bail-outs and the banks shares are sold for a profit... :rolleyes:
He'll just deny that it happened. Facts don't bother him at the moment - why would this change in the future?0 -
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JayScottGreenspan wrote: »What are you going to say in a hypothetical situation with a low probability attached to it?
the low probability of the banks repaying the bail outs? the bank shares being sold at a profit? or wookie boy saying what happens if/when the debt does gets repayed?
so...
the Government will certainly make a profit with bank shares - medium to high probability
the banks are making money which means that the debts will be repayed - medium probability
i can only only imagine the low probablity comment was about wookster and yes you're probably right0 -
I thought Darling was making provisions for a £60bn loss.the low probability of the banks repaying the bail outs? the bank shares being sold at a profit? or wookie boy saying what happens if/when the debt does gets repayed?
so...
the Government will certainly make a profit with bank shares - medium to high probability
the banks are making money which means that the debts will be repayed - medium probability
i can only only imagine the low probablity comment was about wookster and yes you're probably right0 -
JayScottGreenspan wrote: »I thought Darling was making provisions for a £60bn loss.
Prudence must have had a word with him 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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