If the recession really does end soon ?

bo_drinker

Coming out of recession on paper and real terms eg people back in jobs, houses selling High St doing well and well occupied etc are miles maybe years apart

Harry_Powell

ad9898 wrote: »

For me, the bad times will continue until we finally know how we are going to pay back the money that the government has borrowed (more debt) to stop the debt fuelled balloon from deflating completely.

I still don't know how they are managing to hoodwink people, for example, if I had a debt problem, say I owed 20k on a credit card, I can't imagine that the answer to my problems would be to get another credit card and spend another 20k, although it would feel good whilst I was spending it, this, I believe is the mode the government are in at the moment.

Two days ago, I heard Gordon Brown proudly explain how public spending was going to rise from £650 billion this year to £708 billion in 2012, how so ?, when I believe only £550 billion is going into the government coffers this year and is likely to get less over the coming years as the recession plays out and unemployment rises.

So to answer............ not the UK.

It's more like a gambler, borrowing money from a loan shark and putting it on a 10-1 outsider at Chepstow, if it wins then he'll pay off his debts and be in the clear, if it loses... well... :eek: