Recession in Britain 'at an end' - BBC

dfh

the real bad news is yet to come.............

halight

dfh wrote: »

the real bad news is yet to come.............

Why? Were do you think this bad news is going to come from?
And what do you think it will be?

Im not saying that you are wrong, I also think that there will be bits of more bad news over the next few months/years. Its just that i dont really think that there will be anything really big coming out.

doire_2

halight wrote: »

Why? Were do you think this bad news is going to come from?
And what do you think it will be?

Im not saying that you are wrong, I also think that there will be bits of more bad news over the next few months/years. Its just that i dont really think that there will be anything really big coming out.

Never mind the huge debt Britain has to pay back eh?

dfh

the govt printing money,borrowing massively.....one day it has to be paid back !

nollag2006

dfh wrote: »

the govt printing money,borrowing massively.....one day it has to be paid back !

The printed money doesn’t have to be paid back, and the excess government debt can only be repaid once the economy has adequately recovered. Our Debt to National Income ratio isn’t high in comparison to historical levels.

The government really had no other option – left untreated the credit crunch could have driven us into depression, rather than the deep but brief recession that we experienced.

I, for one, am glad its over

nembot

It aint over though...

dfh

nembot wrote: »

It aint over though...

I agree.We will be paying through our noses for quite some time.

downshifter98

But no one is starving, are they; agreed that we have a fair bit to pay back but it will happen, gradually and, of course, belts will have to be tightened and perhaps our 'quality of life' (the cash dependent part, anyway) will get knocked back a few years but we will cope - I truly love the internet but it does have a couple of downsides - one of which is the amount of negative doom mongers that it draws out of the cracks - yes, the game has changed, yes, this country is changing but what's the point of getting stuck in a groove and repeating 'we're doomed' every 5 minutes (truth is we are all bloody doomed but it was ever thus) - much better, surely, to 'keep calm and carry on' - well it won us the war, didn't it - and just imagine how 'doomed' we looked in 1940 - thank God the net wasn't around then.....

Downshifter98

Thrugelmir

bendix wrote: »

Collateral damage. I can only speak for myself and tempting as it is to appear so very nice and shed crocodile tears for others, I can't bring myself to that level of hypocricy.

If those jobs lost were real and needed in today's modern economy, they would still exist. They don't. Ipso facto, they were non-jobs, unproductive and built up when businesses got fat and bloated during a bubble economy.

All very sad at a personal level, I'm sure, but that's the reality of modern economic life.

Jobs for life, my a**e. It's dog eat dog out there, and quite right too.

And there's always a bigger dog around the corner. :rolleyes:

dfh

Thrugelmir wrote: »

And there's always a bigger dog around the corner. :rolleyes:

Hah ! You said it !