UK double dip fears rise as forecasters predict slow recovery

Really2

doire wrote: »

They haven't a clue what they are doing

Neither did the last one, there was a large rug in downing street and someone swept the economy under it for a fair few years.

lemonjelly

2010 wrote: »

Can someone tell me when the first "dip" (recession) was because I seemed to have missed it.

People were spending like mad before and over Christmas despite the bad weather.
Prices in the shops are rocketing,and at the pumps but it doesn`t seem to deter people.

To miss quote Jim Callahan "recession? what recession?"

This isn't true though. Sales in december were down approx 3%.:eek:

Really2

lemonjelly wrote: »

This isn't true though. Sales in december were down approx 3%.:eek:

0.3%
http://www.financemarkets.co.uk/2011/01/11/brc-reports-0-3-fall-in-december-retail-sales/

Conrad

We are at the beginning of the boom. Doubters please please remember my words - diarise my words here and hit me in 10 months time if you like.
Now is the perfect time to invest ahead of the herd.

Butterfly_Brain

This Government? hasn't got a clue - they should have bolstered the economy first and then followed with cuts when the economy increases.
They are pushing people out of work with their cuts.
Their tax hikes and re-organising of the benefit system are too much too soon.
How can they increase growth when the public sector hasn't got enough jobs?
Their answer is to have talks with the supermarkets who deliver minimum wage jobs, with unsocial hours and the staff are treated like sh*t - I can vouch for this first hand because I worked for T'co for 12 thankless years - but I had the foresight to go to college at night and train up for office work.
It is highly likely that we will go back into reccession and if so we should fight for a general election.

IronWolf

Butterfly_Brain wrote: »

This Government? hasn't got a clue - they should have bolstered the economy first and then followed with cuts when the economy increases.
They are pushing people out of work with their cuts.
Their tax hikes and re-organising of the benefit system are too much too soon.
How can they increase growth when the public sector hasn't got enough jobs?
Their answer is to have talks with the supermarkets who deliver minimum wage jobs, with unsocial hours and the staff are treated like sh*t - I can vouch for this first hand because I worked for T'co for 12 thankless years - but I had the foresight to go to college at night and train up for office work.
It is highly likely that we will go back into reccession and if so we should fight for a general election.

I've still to read a proper argument that government spending "boosts" the economy in the long term. Governments wasting money inefficiently providing services which arent essential is just taking money from people that work privately and giving it to other people that work publicly. The money isnt lost from the economy if you withdraw services its simply given back to the taxpayer, or if you're in huge debt, paid back to the debtor who has been boosting your economy temporarily for years by putting his money into it.

2010

The techical definition of a recession is:

A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.

This means very little to Joe Public who just basically "gets on with it".

Credit crunch, recession, double dip etc. all jargon meaning very little to JP.

When I see people with handcarts in the street, full of their "worldly goods", looking for somewhere to live, instead of supermarket trolleys full of booze, then maybe we can say things are bad.

Until then keep running up your debts on your credit cards and don`t worry about your mortgage because afterall the BoE is keeping interest rates artificially low to help you out.

Recession

---

what recession.
We`re all in it together.

shortchanged_2

Conrad wrote: »

We are at the beginning of the boom. Doubters please please remember my words - diarise my words here and hit me in 10 months time if you like.
Now is the perfect time to invest ahead of the herd.

If nothing else Conrad I have to admire your optimism.

dealer_wins

Butterfly_Brain wrote: »

This Government? hasn't got a clue - they should have bolstered the economy first and then followed with cuts when the economy increases.
They are pushing people out of work with their cuts.
Their tax hikes and re-organising of the benefit system are too much too soon.
How can they increase growth when the public sector hasn't got enough jobs?
Their answer is to have talks with the supermarkets who deliver minimum wage jobs, with unsocial hours and the staff are treated like sh*t - I can vouch for this first hand because I worked for T'co for 12 thankless years - but I had the foresight to go to college at night and train up for office work.
It is highly likely that we will go back into reccession and if so we should fight for a general election.

That the equivalent of advising someone who is drowning in debt to borrow more and continue living beyond their means, and hopefully they will be able to pay it back later if their circumstances change.......And then UK plc goes bankrupt

[Deleted User]

2010 wrote: »

The techical definition of a recession is:

A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.

This means very little to Joe Public who just basically "gets on with it".

Credit crunch, recession, double dip etc. all jargon meaning very little to JP.

When I see people with handcarts in the street, full of their "worldly goods", looking for somewhere to live, instead of supermarket trolleys full of booze, then maybe we can say things are bad.

Until then keep running up your debts on your credit cards and don`t worry about your mortgage because afterall the BoE is keeping interest rates artificially low to help you out.

Recession

---

what recession.
We`re all in it together.

things are very very quiet out there,my DD works for one of the top non food retailers they have just had their worst week EVER(been open 10 years the branch she works at)
yesterday i have never seen asda so dead,out of 32 check outs only 9 were manned and not a queue at one of them
xmas was dire out there in the real world,the sales were no better than average,january will be carnage