GDP figures expected to show the UK economy has slowed

peakoil_2

abaxas wrote: »

The issue is the current 'system' is near breaking point. I simply dont want a situation where society / the economy actually breaks.

And why is it wrong to expect people to honour contracts? Or is 'buying stuff we cant afford' now a human right?

yes because as we all know, the banking crisis and sovereign debt crisis was caused by those clowns who lost their jobs in a recession and cant afford to pay their mortgages. throwing them onto the street will sort the economy out!

well it will sort abaxas' personal economy out because he wants to clamber over the bodies of the reposessed in order to pick up a sweet deal on a house. :rotfl:

Generali

peakoil wrote: »

funny how these solutions always seem to require OTHER people's sacrifices for the greater good. :rotfl:

"one for all and all for me" - the three Abaxasteers!

"the needs of the one outweigh the needs of the many" - Dr Abaxaspoc!

It's always like that. Look at the demands to cut welfare payments or tax the rich or the bankers.

The solution to Governments spending too much never seems to be to increase my taxes, it's always to increase yours.

Blacklight

We had -5% then we had +5%, which is flat.

If we get +0.4% today it will still be proclaimed as a fall in GDP.

abaxas

peakoil wrote: »

yes because as we all know, the banking crisis and sovereign debt crisis was caused by those clowns who lost their jobs in a recession and cant afford to pay their mortgages. throwing them onto the street will sort the economy out!

well it will sort abaxas' personal economy out because he wants to clamber over the bodies of the reposessed in order to pick up a sweet deal on a house. :rotfl:

No, I would prefer people paid their debts down, worked hard and were rewarded for it. Or lose it when they dont.

I'm obviously a nutter for thinking that people should honour their debts and works hard. Shame on me for being such a nasty person. I must immediately take out loans I cant pay, not work and blame the government for not providing everything I need for sitting on my !!!.

I believe in reward and failure. You cant have one without the other.

Blacklight

Confirmed +0.2%

Heyman_2

Weak. But pretty much as expected.

crash123

abaxas wrote: »

No, I would prefer people paid their debts down, worked hard and were rewarded for it. Or lose it when they dont.

I'm obviously a nutter for thinking that people should honour their debts and works hard. Shame on me for being such a nasty person. I must immediately take out loans I cant pay, not work and blame the government for not providing everything I need for sitting on my !!!.

I believe in reward and failure. You cant have one without the other.

I must be a nutter too. Lets start a club.
Unfortunately the prudent are paying for the reckless.

peakoil_2

abaxas wrote: »

No, I would prefer people paid their debts down, worked hard and were rewarded for it. Or lose it when they dont.

I'm obviously a nutter for thinking that people should honour their debts and works hard. Shame on me for being such a nasty person. I must immediately take out loans I cant pay, not work and blame the government for not providing everything I need for sitting on my !!!.

I believe in reward and failure. You cant have one without the other.

yes, because the main problem with this country's economy is related to the few people who over extended themselves financially. nothing to do with bankers throwing caution to the wind or governments building up a huge debt during a boom when they should have been paying it down.

yes lets start at the bottom of the problem and work up. :rotfl:

Graham_Devon

It's no real surprise. There is nothing in the economy to push us ahead and provide real growth at the moment.

People are reigning back any spending they were doing due to rising costs, which are set to rise further, while they "suffer" low, or no wage increases. Theres only so far a pot of money can go, and the pot for most is decreasing.

Meanwhile, we are, it seems, at crisis point continually at the moment, with the Euro and the US, both in the same kinda boat, both trying to fix debt problems with more debt, and investors shouting hooray one day, and "uh ho" the next. Doesn't help investment.

Generali

Blacklight wrote: »

Confirmed +0.2%

That's unlikely to be enough to prevent unemployment rising.

It's probably bad news for the Government but it's hard to see what they can do about it. The seeds for this were sown years ago.