Are the wheels falling off the wagon?

shortchanged_2

http://www.bbc.co.uk/news/business-14364578

So UK manufacturing actually declined in July. Figures revised down. Could this happen with the latest GDP figures? :shocked:

What are the reasons why??

Best answers earn themselves a hot date with Georgie Osborne at your local chippy. Well we are all in this together and times are hard.

geneer

Very probably.
It had to happen eventually.
We may have staved of a global depression by throwing money at the problem...again.
How many more times can this work?

Mrs_Bones

I'd say the reason is because the money crisis isn't over, it's just been swept under the carpet while everyone tries to borrow from Peter to pay Paul who still owes Pat.

We have the benefit of being able to lower the £ meaning our exports are cheaper which should and has helped manufacturing. Problem is even if we are cheaper we still need to have the customers with money in their pockets to buy and they are going to get increasingly harder to find both at home and from further afield.

edinburgher

Are the wheels falling off the wagon?

I didn't realise the wagon had any wheels - stop being such an optimist

shortchanged_2

edinburgher wrote: »

I didn't realise the wagon had any wheels - stop being such an optimist

Yes, I stand corrected.

Wookster

shortchanged wrote: »

What are the reasons why??

Uncertainty in the Eurozone & US - the two largest economic blocs.

Then there's also the huuuuuuge amounts of debt being paid off limiting capacity for growth & consumption. No surprise here really, infact its surprising we have had this mini-growth spurt.

nearlynew

Not only have the wheels fallen off the wagon, but it's spilled coffee everywhere but only some people can smell it.

originalmiscellany

I think we're in for a very rough 5 years, with a serious readjustment in living standards in the UK and most of Europe. Capitalism just doesn't give the majority of people a good deal and exploits many at the expense of the elite few I feel. In 2012, that'll be when the rubber hits the road, and we smell tyres and coffee at the same time as listening to a large opera singer.

edinburgher

In 2012, that'll be when the rubber hits the road, and we smell tyres and coffee at the same time as listening to a large opera singer.

I am loving our hyperbole/metaphor contest

Blacklight

I expect they'll be more chilling news of crisis or very serious and frightening times ahead which may or may not include an abyss or meltdown of some sort.

I anticipate by 2012 we'll all be so desensitised to the daily threat of global armageddon, that when something truly shocking happens (Norway) the media will have run out of words.

I think most people stopped caring a loooong time ago.

purch

How many more times can this work?

It hasn't and it won't.