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OECD growth forecast puts UK in 6th place
ninky_2
Posts: 5,872 Forumite
out of the G7 countries updated predictions put the UK in 6th place. ahead only of japan where the earthquake and tsunami has had a devastating impact.
of course here in britain we've had our own disaster - a tidal wave of condem cuts and mismanagement.
the japanese can blame factors beyond their control. 'we' however voted for our situation.
http://www.bbc.co.uk/news/12971638
of course here in britain we've had our own disaster - a tidal wave of condem cuts and mismanagement.
the japanese can blame factors beyond their control. 'we' however voted for our situation.
http://www.bbc.co.uk/news/12971638
Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
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out of the G7 countries updated predictions put the UK in 6th place. ahead only of japan where the earthquake and tsunami has had a devastating impact.
of course here in britain we've had our own disaster - a tidal wave of condem cuts and mismanagement.
the japanese can blame factors beyond their control. 'we' however voted for our situation.
http://www.bbc.co.uk/news/12971638
Which the very report talks about...
We'd be worse in the report without the cuts.However, the OECD also called the UK government's cutbacks "ambitious and necessary", saying they were needed in order to achieve a sustainable recovery.0 -
of course here in britain we've had our own disaster - a tidal wave of condem cuts and mismanagement.
if thats a disaster then what would be the "carry on spending what you dont have" option be classed as?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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Graham_Devon wrote: »Which the very report talks about...
We'd be worse in the report without the cuts.
just because the oecd's economic predictions might be correct it doesn't make the moral framework it puts on individual government's economy strategies correct.Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
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just because the oecd's economic predictions might be correct it doesn't make the moral framework it puts on individual government's economy strategies correct.
Are you kidding? UK public sector net debt will exceed £1 trillion in the 2011-2012 fiscal year and is likely to continue to increase to £1.3 trillion by the end of the 2015-2016 fiscal year on current projections, and we all know how these are more than likely to be adjusted upwards.
According to the Office for Budget Responsibility, in the fiscal year just ended, gross government interest on debt was £43.1 billion. Interest payments will be the equivalent of more than half of the education budget and 40% of the health budget.
Roll it up....We can afford it....not!
When we have a Gilt strike on UK Government debt, watch out! These current interest rates will be peanuts in comparison! So far the financial markets have given the UK government the benefit of the doubt, but it would certainly be worse for the economy if bond yields rise and sterling falls sharply.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »Are you kidding? UK public sector net debt will exceed £1 trillion in the 2011-2012 fiscal year
It exceed £1 trillion last year..... :rotfl:Not Again0 -
1984ReturnsForReal wrote: »It exceed £1 trillion last year..... :rotfl:
No, it was actually £889.1 billion at the end of December 2010.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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