UK contraction worse than thought

IronWolf

The estimate was probably revised from -0.53 to -0.56 or something.

Hardly newsworthy

flaire

Ah - it was the wrong sort of snow. Is the British economy so fragile that it can't stand some snow? I wonder if Mr Osbourne does have a Plan B.

Generali

flaire wrote: »

Ah - it was the wrong sort of snow. Is the British economy so fragile that it can't stand some snow? I wonder if Mr Osbourne does have a Plan B.

I keep seeing this Plan B stuff. Does it have some meaning that I have missed being out of the country?

Mostly Governments have a range of policies to deal with the economy. Does this coalition have only one single economic policy?

flaire

Generali wrote: »

I keep seeing this Plan B stuff. Does it have some meaning that I have missed being out of the country?

Mostly Governments have a range of policies to deal with the economy. Does this coalition have only one single economic policy?

Mr Osbourne is quoted as saying that there is no Plan B, which is rather....worrying.

http://www.telegraph.co.uk/news/newstopics/spending-review/8077541/Spending-review-2010-Theres-no-Plan-B-says-George-Osborne.html

Niksan

The only Plan B he has is.

I got my peeps them telling me they know where its at
So I pull out twenty notes and jump straight into a cab
I'm on my way to where I'm going thinking I need more Jack
But that probably ain't the brightest idea I've ever had

Cos

I always stay too long
Long enough for something to go wrong

Generali

flaire wrote: »

Mr Osbourne is quoted as saying that there is no Plan B, which is rather....worrying.

Have previous Chancellors proudly boasted of a Plan B? I can't recall any although I can think of a few that have had one forced on them. Dennis Healy and Norman Lamont spring to mind.

Wookster

RenovationMan wrote: »

Spend money and pass the problem onto the next generation. It's the Socialist way.

And then have the audacity to say 'won't someone think of the children'.

1984ReturnsForReal_2

I wonder if you could ever get Osborne to say "negative"?

doire_2

flaire wrote: »

Ah - it was the wrong sort of snow. Is the British economy so fragile that it can't stand some snow? I wonder if Mr Osbourne does have a Plan B.

Didn't Germany have just as much snow? If not more?

Wookster

flaire wrote: »

Mr Osbourne is quoted as saying that there is no Plan B, which is rather....worrying.

http://www.telegraph.co.uk/news/newstopics/spending-review/8077541/Spending-review-2010-Theres-no-Plan-B-says-George-Osborne.html

What do you expect? George to say well we'll cut a bit and if people don't like it then we won't cut?

How successful will his retrenchment plans be then?

He must make a plan, defend it and stick to it until it changes.