UK set for double-dip recession, warns BDO

bigheadxx

A double dip recession occurs when governments attempt to hide their incompetence by spending their way out of recession with short lived fiscal stimuli. Our previous Labour government did exactly this and timed it perfectly to coincide with the run up to the election.

1984ReturnsForReal_2

bigheadxx wrote: »

A double dip recession occurs when governments attempt to hide their incompetence by spending their way out of recession with short lived fiscal stimuli. Our previous Labour government did exactly this and timed it perfectly to coincide with the run up to the election.

Not as simple as that though is it?


That stimuli has been cut from Government to business & is now being cut from Government to population with further all round cuts to come.


Hardly reassuring to be draining the economy on all fronts in the "middle" of the biggest "depression" since WWII in such a heavy handed manner.

bigheadxx

1984ReturnsForReal wrote: »

Not as simple as that though is it?


That stimuli has been cut from Government to business & is now being cut from Government to population with further all round cuts to come.


Hardly reassuring to be draining the economy on all fronts in the "middle" of the biggest "depression" since WWII in such a heavy handed manner.

All money that the government spends is money taken out of the economy somewhere. By borrowing money we are taking money out of the future economy and leave ourselves vulnerable to any future shocks in the same way as we have been vulnerable now.

Thrugelmir

1984ReturnsForReal wrote: »

Not as simple as that though is it?


That stimuli has been cut from Government to business & is now being cut from Government to population with further all round cuts to come.


Hardly reassuring to be draining the economy on all fronts in the "middle" of the biggest "depression" since WWII in such a heavy handed manner.

The depression has been caused by fake growth on the back of ever increasing Government spending.

1984ReturnsForReal_2

bigheadxx wrote: »

All money that the government spends is money taken out of the economy somewhere. By borrowing money we are taking money out of the future economy and leave ourselves vulnerable to any future shocks in the same way as we have been vulnerable now.

I know that.

But you are blaming what is coming on Brown.

What you/we are about to see will be (& has already been) heavily influenced by those in power now.

You have people & companies losing billions directly & indirect companies will have already been calculating their own losses as a result of less turnover.


Pay now or pay later is a whole different argument.


This will be down to the pound, a global market & domestic spending.

Two out of them 3 are !!!!!!ed already.


Then you have.............. NO TAX PAID TO THE GOVERNMENT....

1984ReturnsForReal_2

Thrugelmir wrote: »

The depression has been caused by fake growth on the back of ever increasing Government spending.

Now their was little old me thinking it was because of the banking trends set by the likes of Capital One & Royal Bank of Scotland in the 1990s to lend, lend, lend not thinking that money comes from other places other than their accountancy practices. Coupled with the syphoning off of cash to the far east & China.


Now there is a thought...

How much of the billions injected into the British Economy is already in the hands of the Chinese? 6, 7% or more?

bigheadxx

1984ReturnsForReal wrote: »

Now there is a thought...

How much of the billions injected into the British Economy is already in the hands of the Chinese? 6, 7% or more?

]



How much of the billions injected into the British economy is borrowed from the Chinese?

100%

amcluesent

Britain's on the scrap-heap this time, good and proper. Last time Labour borrowed, spent and bungled we had 25 years of North Sea oil sales to help repair the economic wreckage the socialists left behind and to pay the idle not to riot. That's gone for good.

There's nothing now, except ever more desperate sales of public assets at give away prices to sovereign wealth funds who will have us over a barrel and increasingly draconian raids on private wealth to pay for education, health, transport etc. All the while, the millionaire politicians soften-up the middle-classes for the news that Ponzi welfarism has imploded. You've dutifully paid 40% tax for years - but now the pot is empty when it's your parents who need care. Whoops!

India and China are churning out tens of thousands of engineers every year and Brazil has millions under 30 and ample mineral resources.

Britain has three generations of lifestyle idle, uncountable millions of leeching 'seekers', druggie chavs on their sink estates and the 'boomers' now demanding their unfunded pensions and NHS care for free.

It's not hard to see why wealth has moved East, soon to be followed by political power as Britain bankrupts itself pretending we are a 'great power' with nuclear submarines when the real threat is 250,000 Islamist fifth-columnists who we feather-bed and ensure their 'umin-rights are sacrosanct.

The next 20-30 years will see Britain's collapse, with bewildering lurches from mass unemployment and stagflation into currency crisis into civil unrest as a broken society turns on itself and useless politicians wring their hands while the cities burn.

99% of the people in Britain will be paupers within 20 years. We'll soon see living standards worse than in the 1920/30s as peeps spend their lives rummaging in tips and middens for anything to wear, burn or eat. If you can, get out now.

1984ReturnsForReal_2

bigheadxx wrote: »

]



How much of the billions injected into the British economy is borrowed from the Chinese?

100%

plus interest..........



might just as well upped the spending by the interest amount, recovered a lot of it in tax & saved the majority of it from flooding back overseas.