Public sector borrowing soaring

inspector_monkfish

The government's overall debt now stands at £804.8bn, or 57.5% of GDP.

http://news.bbc.co.uk/1/hi/business/8262434.stm

purch

Economic group the CEBR said the fact that August borrowing was less than many had predicted was "a sign of the extent to which expectations have adjusted to the new realities, rather than any real improvement in the outlook".

Yep.....doesn't matter how hard you try, you cannot make this look anything other than awful !!!!

ruggedtoast

This is bad isnt it.

Does anyone else get the feeling that after the summer hiatus , things are beginning to look seriously bleak again.

Its like the piper has played and now he wants paying, but we thought he'd play for a lot longer, wait a lot later for payment, and wouldnt ask for so much.

(I also have metaphors involving musicians that play other instruments).

also - http://www.guardian.co.uk/business/2009/sep/17/uk-inward-investment-slump

Thrugelmir

ruggedtoast wrote: »

This is bad isnt it.

Does anyone else get the feeling that after the summer hiatus , things are beginning to look seriously bleak again.

Its like the piper has played and now he wants paying, but we thought he'd play for a lot longer, wait a lot later for payment, and wouldnt ask for so much.

(I also have metaphors involving musicians that play other instruments).

also - http://www.guardian.co.uk/business/2009/sep/17/uk-inward-investment-slump

Well its above AD's predictions.

In reality nothings changed. The fundamental issues have yet to be tackled.

Graham_Devon

ruggedtoast wrote: »

This is bad isnt it.

Does anyone else get the feeling that after the summer hiatus , things are beginning to look seriously bleak again.

I think everyone does.

Just been catching up on the threads today and who you would normally class as bulls are now refuting the fact they are bulls. Apart from Hamish of course.

This isn't a pop at that, but I do think it gives an indication of where sentiment is going.

All I seem to be seeing on the BBC at the moment is news about how bad the recession is. Never seen the BBC on that side of the fence. But getting stories of families suffering, newsnights specials which was very bearish and presenters laying in to politicians saying "nothing has worked has it".

However, the markets just seem to be rallying up up up. Every single bit of bad news seems to be wrapped in "well, it could have been worse" and up it rallies.

sammyjammy

Perhaps labour are just putting things on hold until the Conservatives inevitably take over in June, that'll leave them with a right old mess.

Thrugelmir

Graham_Devon wrote: »

I think everyone does.

Just been catching up on the threads today and who you would normally class as bulls are now refuting the fact they are bulls. Apart from Hamish of course.

This isn't a pop at that, but I do think it gives an indication of where sentiment is going.

All I seem to be seeing on the BBC at the moment is news about how bad the recession is. Never seen the BBC on that side of the fence. But getting stories of families suffering, newsnights specials which was very bearish and presenters laying in to politicians saying "nothing has worked has it".

However, the markets just seem to be rallying up up up. Every single bit of bad news seems to be wrapped in "well, it could have been worse" and up it rallies.

People are finally waking up to reality.

The current Government has been far from honest. We all know why. As it destroys one individuals credibility as Chancellor.

I have been consistant with my views for a long time. If anything feeling more negative due to the lack of constructive activity.

chucky

Graham_Devon wrote: »

Just been catching up on the threads today and who you would normally class as bulls are now refuting the fact they are bulls. Apart from Hamish of course.

This isn't a pop at that, but I do think it gives an indication of where sentiment is going.

i know that you're not having a go but the likes of Stevie, Really, ISTL, Dan and myself have never claimed things were back to normal. we just argued the fact that they weren't as bad as they were being painted by most people on this board. nothing else.

if that classes as bulls - it's wrong.

CLAPTON

broadly as expected then...
largely the price of bailing out the banks

CLAPTON

Generali

chucky wrote: »

i know that you're not having a go but the likes of Stevie, Really, ISTL, Dan and myself have never claimed things were back to normal. we just argued the fact that they weren't as bad as they were being painted by most people on this board. nothing else.

if that classes as bulls - it's wrong.

This bull/bear thing is a bit silly, most often at least.

I've been told that I'm a bull and a bear within the same page of a thread several times.

Anyway, it's late on a Friday (for me) so I've got some music on:

http://www.youtube.com/watch?v=IScz-m4BD_0&feature=related

The Kinks. Marvellous.