Madmen in Authority

LauraW10

From Steph

Happily for the government, the bad news keeps flooding in. First, the G20 decides that cutting deficits is now priority number one.
Then David Cameron pulls a Claude Rains, declaring himself "shocked, shocked" to find that the British government had been running a massive deficit. (And it's going to have to pay loads of interest on it - who knew?)

"Shocked - shocked" he is :cool:

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/06/bad_news_is_good_news.html

LauraW10

LauraW10 wrote: »

And worse we are expected to believe they have NO PLAN. Please! - does the coalition really have no plan?! No plan - No ideas ?! They've spent all that time in opposition and they've never planned what cuts they are going to make?!

The coalition should just spill the beans.

I like this comment from Steph's blog

Now it seems the ‘strong’ coalition government would like us all to suggest way to cut public spending as if they’ve already ran out of ideas. Or might it be they are worried their own ideas might fail, and blaming the previous government could become a worn out sound bite, then they can blame me and you our suggestions. What a noble government.

It's your own fault don't you know.

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/06/bad_news_is_good_news.html

StevieJ

davilown wrote: »

e.

Yes I'm being 'jack' but why should we not pay off the UK's debt as soon as possible? Bite the bullet, it'll be very hard for the first year but it will get better as time goes by. Perhaps then people will learn the value of the items they buy, and not just throw them out as they are last year's model.

I voted for change, here it comes but I just pray they take firm and assertive action to sort this mess out.

If you count the second leg of a recession and all that entails (further reduction in tax receipts, benefits, etc) 'better' :eek: I hope you don't regret your wish list.

StevieJ

HAMISH_MCTAVISH wrote: »

But there was no way the incoming government was ever going to say, "well actually, we knew about the numbers before the election and just avoided the issue to get elected"......

Start off as you mean to go on - Lying

mbga9pgf

StevieJ wrote: »

Start off as you mean to go on - Lying

I think it is funny that I was talking about 20% cuts only a year ago on here and the bulls laughed it off... Hamish didnt even know we were running a 25% deficit!:rotfl::rotfl:


Its going to be horrid for about 2 to 3 years. But then things will pick up from the solid foundations we will need to rebuild the UK.

Its got to get a little bit messy before it can get tidy again I am afraid.

LauraW10

UK business confidence sees 'record drop'


Business confidence among UK firms has seen its biggest drop since 1995 due to the government's rhetoric on spending cuts, a survey suggests.
The Business Trends survey from accountants BDO fell to 97 in May from 103.3 the previous month - the largest drop since the survey began.

"But there is a significant risk that the rhetoric has begun to impact on business confidence, and fears of the economic impact of spending cuts may be causing businesses to rein back on growth plans."

OOOOOps there goes business confidence and, consequently, all business investment spending and recruiting in the private sector.


http://news.bbc.co.uk/1/hi/business/10304797.stm

StevieJ

Thrugelmir wrote: »

We've yet to be told the true extent of UK plc's finances. Last years borrowing figure is just one part of a much more complex figure.

This administration is keen on the public being told the truth. .

I think we should call you Mr Naive from now on

Alan_Cross

OP, you've got it in one.

The 'coalition' is about being in power, not saving the economy. That was already underway, as even they might admit someday at some time of their choosing when it won't be quite so embarrassing.

Having got their hands on said power, they feel they have to be distinctive and do something different because to carry on with Labour's policy would be tantamount to an admission that Brown's medicine had been correctly formulated.

House prices and the markets are now on the skids. People are afraid - in the private sector - for their jobs, since the public sector cuts are coming too soon and too deep and will have very significant knock on effects in the wider economy. The double dip recession has been cemented in place by the blind ignoring of that critical matter - perceptions.

Bravo Osborne. A predictable, Tory slash tactic...

... and shame on Cable for swallowing this toxic mix which, of course, was up front as a Libdem manifesto pledge. Your grassroots supporters must be cheering you to the rafters.

Alan_Cross

And just to bolster the point, as if any bolstering were needed:

http://uk.news.yahoo.com/5/20100614/tuk-top-economist-warns-of-double-dip-re-45dbed5.html

LauraW10

And there goes consumer confidence

U.K. Consumer Confidence Slumped in May by Most Since July 2008


U.K. consumer confidence dropped in May by the most since July 2008 as Britons became more pessimistic about the economy, Nationwide Building Society said. The index of sentiment slumped 10 points from April to 65, erasing most of the gains in confidence seen in the previous 10 months

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPS7uWM44ZMU