So when do you reckon we can say we're over the worst?

kennyboy66_2

Pennywise wrote: »

I think that once the Budget is over, as long as they've announced some serious changes to tackle the debt, then we'll be looking at some fairly steady, sustained growth, maybe not too many percentage points, but certainly more positive than the past few years.

I know so many people who are sat on their hands waiting for a sign that things are being brought under control. They have money to spend, jobs to offer, etc., but have been frightened of the future. The general feeling is that we all want to know what the pain is going to be, whether that be higher taxes, reduced benefits, etc., and then once we know, we can all plan accordingly and get on with our lives and businesses.

One small business client of mine with a small (4) van fleet has always bought a brand new van every year, so he changed his fleet over a 4 year time period. He's done that for the two decades I've been his accountant. He hasn't bought a new vehicle for three years now - that's been down simply to lack of confidence - he's got the money in the bank but he's playing it cautious and keeping the money there until he knows what the future holds.

Remarkably similar to our business, however my main concern will be with the whole of Europe cutting at the same time that we tip back into recession.

I also hope that cuts will largely be targeted towards 'transfer payments' rather than infastructure and investment (and not the G Brown version of 'investment').

I taking it as a given that VAT will go up and some of this will be redirected to not increasing employers NI, corporation tax and personal allowances. All are sound ideas.
I would also scrap higher rate pension tax relief - but would re-direct this into an additional pension relief credit for all tax payers.

ie currently you put £80 into a pension, it is grossed up to £100, I would gross it up to £105 (or whatever was affordable, having removed the higher rate relief).

tomterm8

Really2 wrote: »

My wife is a pessimist, she always moans about my farts.:D

Imagine, if we could harness the farts, it might solve our peak oil problem.

Really2

tomterm8 wrote: »

Imagine, if we could harness the farts, it might solve our peak oil problem.

Gas leaks would be easier to spot for sure.:D

We could export it at peak times, like after Christmas Dinner.

lemonjelly

So when do you reckon we can say we're over the worst?

I would say at around 4.50pm tomorrow...:eek:

1984ReturnsForReal_2

Really2 wrote: »

Gas leaks would be easier to spot for sure.:D

We could export it at peak times, like after Christmas Dinner.

I doubt even Russia could afford to contain it & sell on for a profit....

tomterm8

They have been doing some animal trials on it http://www.physorg.com/news135003243.html .

I wonder if that's cruel?

amcluesent

We'll never be 'over the worst' as the root cause is the diminishing supplies of cheap energy which has been the basis of economic growth over the last 100 year or so. Take that away and you can forget about synthetic fertizers which sustain billions, no more cheap imports as world trade collapses due to resource wars, much of the information revolution halts as making silicon chips is hugely water and energy demanding etc. Etc.

spadoosh

lemonjelly wrote: »

I would say at around 4.50pm tomorrow...:eek:

I think half past!

Really2

tomterm8 wrote: »

They have been doing some animal trials on it http://www.physorg.com/news135003243.html .

I wonder if that's cruel?

You could imagine a child and a lighter in this country turning them into Cow cosmonauts.

chucknorris

We'll be over the worst (or right in the worst of it) shortly after 3pm tomorrow by my reckoning about 3.20pm (that's 1.30pm kick off, 90 mins plus say 5 mins injury time plus 15 mins half time)