UK 'to grow faster' than other major economies

StevieJ

Thrugelmir wrote: »

There has been a 14% decline in the the past decade in manufacturing output.

I will give you the benefit of the doubt and assume you didn't look at the chronological breakdown of that decline

Bootski

Spiv wrote: »

http://www.telegraph.co.uk/finance/economics/7021071/UK-to-grow-faster-than-other-major-economies.html

Good old Jim, always has faith in Britain. Unlike some I could mention. Sorry for ruining your day Generali:cool:

UK isn't though, I mean growing faster. France, Germany and many poorere countries are pulling out of recession faster than us.

I see an election ahead and all the bull and propaganda released months ahead to gain the vote of the stupid, ignorant minority!

Rochdale_Pioneers

Bootski wrote: »

UK isn't though, I mean growing faster. France, Germany and many poorere countries are pulling out of recession faster than us.

I see an election ahead and all the bull and propaganda released months ahead to gain the vote of the stupid, ignorant minority!

Lets focus on "bull and propoganda". We keep being told by frothers that we've performed worst of all. Yes we're still in recession - just, and they are out of recession - just. The half percent difference between our positions has no real long term impact, its a question of how fast we grow ongoing thats key. Remember also that we entered recession quite late - to compare our exit to say America lets remember they went in 6 months earlier than we did.

And what benefits are the Europeans reaping over us? Higher unemployment and a currency being ripped apart. Saying "we're in recession, they're not" isn't the end of the story - my family in Spain (who are Spanish btw not expats) would love to be over here in recession with jobs rather than in Spain with near 20% unemployment.

For my Tory-frothing friends, some questions. How does unemployment compare to the last recession. Interest rates? Inflation? Home reposessions? Bankruptsies?

StevieJ

Rochdale_Pioneers wrote: »

And what benefits are the Europeans reaping over us? Higher unemployment and a currency being ripped apart. Saying "we're in recession, they're not" isn't the end of the story - my family in Spain (who are Spanish btw not expats) would love to be over here in recession with jobs rather than in Spain with near 20% unemployment.

For my Tory-frothing friends, some questions. How does unemployment compare to the last recession. Interest rates? Inflation? Home reposessions? Bankruptsies?

You are not Portillo are you I thought he had fallen out his ex fellow Tories, didn't know it had got this bad must be mixing with that Abbot women.

Bootski

Rochdale_Pioneers wrote: »

Lets focus on "bull and propoganda". We keep being told by frothers that we've performed worst of all. Yes we're still in recession - just, and they are out of recession - just. The half percent difference between our positions has no real long term impact, its a question of how fast we grow ongoing thats key. Remember also that we entered recession quite late - to compare our exit to say America lets remember they went in 6 months earlier than we did.

And what benefits are the Europeans reaping over us? Higher unemployment and a currency being ripped apart. Saying "we're in recession, they're not" isn't the end of the story - my family in Spain (who are Spanish btw not expats) would love to be over here in recession with jobs rather than in Spain with near 20% unemployment.

For my Tory-frothing friends, some questions. How does unemployment compare to the last recession. Interest rates? Inflation? Home reposessions? Bankruptsies?

Should you not be asking the same of Labour? It is all their doing, at the end of the day! -No point in blaming the tories when if fact they have f all to do with the current economical climate?:cool:

Rochdale_Pioneers

Bootski wrote: »

Should you not be asking the same of Labour? It is all their doing, at the end of the day! -No point in blaming the tories when if fact they have f all to do with the current economical climate?:cool:

Its not Labour making out that its the worst recession ever and that we're performing economically below Haiti. And where am I blaming the current recession on the Tories? I am asking how this one compares to the last one - BTW the answer to all my questions is that things were much worse in 1992.

Bootski

Rochdale_Pioneers wrote: »

Its not Labour making out that its the worst recession ever and that we're performing economically below Haiti. And where am I blaming the current recession on the Tories? I am asking how this one compares to the last one - BTW the answer to all my questions is that things were much worse in 1992.

I'm agreeing with you:o

kennyboy66_2

Rochdale_Pioneers wrote: »

What happened in 2001 and 2002?

That was "the recession that never was".

Dot com crash meant a cut in interest rates in USA and UK.
Add this to the fact that once Labour had come off the Tory spending plans after 3 years in Gov't, that the boost in public sector spending kept the economy going.

Arguably the lack of recession then just stored problems up for this current recession.

Thrugelmir

Conrad wrote: »

Again (and again) - we were told by the Thrugelmirs of 1970 to 1990 that the Japanese, Koreans et al would shut us down.

The thruglemirs got it all wrong, but this time for once you've got your finger on the pulse, yes?

Manufacturing in the 70's was a different beast to that of today. It took the working practices of the Japanese to shake to the core the complancy in this country.

Which seems to have returned today. To an extent. Thanks to the past boom years.

What we are losing is the key engineering skills. The ability to even produce steel products. Far less skill is required to work on an assembly line.

There'll be hi-tech employment in some sectors but not on a large scale to replace the jobs that are being lost.

setmefree2

Rochdale_Pioneers wrote: »

Compare and contrast what is happening in this recession vs the last two or the 1970s. Factories are being put on short time, or given an extended maintenance shutdown, or worst case being mothballed - anything to avoid the solutions of the past: to close and demolish the facilities and throw the workforce onto long term dole. And credit is on both sides - management want to keep factories going, and workers are willing to take hours/salary cuts to make it viable. We've come a long way from unions desperate to run their industries into the ground in the 70s and a government desperate to remove the communist union threat by removing their industry from under them in the 80s

When the axe falls on the public sector - do you think the employer (the state) will be able to react with the same flexibilty to protect jobs (ie reduce hours worked, have pay freezes, etc) or do you think that the unions will prove to be totally inflexible so the only choice will be for redundancies?