MSE News: Construction drop means UK back in recession

JamesU

gadgetmind wrote: »

Yes, but the UK economy is of only passing interest to me, I'm afraid.

Doh, misunderstood. Thought your post meant green shoots for US caterpillars meant UK might be coming out of recession.........:D

JamesU

gadgetmind

JamesU wrote: »

Doh, misunderstood. Thought your post meant green shoots for US caterpillars meant UK might be coming out of recession.........:D

TBH, global economies and markets are now so correlated that I don't think you can have one without the other.

I think we're going to see the US emerge first and fastest as they aren't as reliant on anyone else, which should then give a boost to China, and we'll hopefully hang onto everyone else's shirt tails.

Meanwhile, Europe will continue to grumble like a septic appendix and various messy operations will be required. The patient should survive, but the odd leg might get hacked off, seemingly by accident.

Whether anyone, particularly sovereign states, will come out of this having learned any meaningful lessons about the evils of gearing remains to be seen.

MoneySaverLog

Premier wrote: »

Don't forget, when casting your vote next month, "we're all in this together"

:cool:

Some more so than others I can only assume.

worldtraveller

gadgetmind wrote: »

Recession? What recession?

http://www.google.com/hostednews/ukpress/article/ALeqM5gI4sqJTdz126AZp6vDMlq21EfZZg?docId=B68804471335258736A000

"More than 3,000 senior council executives pocketed pay and perks packages in excess of £100,000 in in 2010-11, with then chief executive of Hammersmith and Fulham Council topping the list."

These public sector troughers, earning £100,000+, will also have, largely taxpayer subsidised pension pots, with values equating to well over £1.5 million, in terms of what anyone else in the real world today would need to have in a pension pot, to enable them to purchase an annuity giving them a similar index linked for life pension, that the troughers will receive for the rest of their lives!

The 52 town hall staff troughers earning more than £250,000 probably have pension pots worth well over £3.5 million!

Oink! Oink!

JuicyJesus

Butterfly_Brain wrote: »

So we are back in recession because house building has stalled....Ye Gods!If that is all it takes then this country is up to its eyes in doo doo.
I blame politicians of ALL parties who, over the last thirty or forty years have run manufacturing into the ground,turned this country into a service industry, sold off utilities to huge foreign owned multinationals, sold off every company they could to the highest bidders (Over 50% of businesses in this country are owned by foreigners ), they have blatentley allowed contracts and jobs to go abroad and not bothered to protect UK workers jobs, printed money like it is toilet paper, allowed the EUSSR to dictate to us about policy, towed the line with the IMF so that we are bailing out the Euro through the back door and how can they say we have to cut, cut, cut when they can give billions of tax payers money to other countries in aid, EUSSR fees, IMF loans, bailing out greedy banks, quangos etc, allowed every Tom, !!!!!! and Harry in from abroad and given them free health care, houses and benefits of which they have never paid a penny towards.
No wonder we are going to the wall.
Time to foreclose on the banks and see if that stops their greed, they owe us over a trillion pounds, get us out of the EU, totally stop immigration, if people are here from abroad who are not working or have been convicted of ANY crime they should be deported and all foreign nationals should have identity cards to prove that they are here legally if they have no card deport straight away. British workers should be first in line for housing and jobs and finally tell the IMF to take a hike and we could be solvent again.
I am voting UKIP because the big three don't put the indigenous populace first.

I was with you right up until you started with the EUSSR stuff. Otherwise you were bang on the money.

The EU is not communist. The EU is not even close. It is as neoliberal a body as one would hope to find.

ghostmadlittlemiss

JuicyJesus wrote: »

I was with you right up until you started with the EUSSR stuff. Otherwise you were bang on the money.

The EU is not communist. The EU is not even close. It is as neoliberal a body as one would hope to find.

I was with them until the 'selling off to foreign companies' bit. That's when the racist ignorance usually shows itself and this person was no exception. Textbook, actually.
Kayleigh

daveyjp

Butterfly_Brain wrote: »

So we are back in recession because house building has stalled..

No because construction in general has stalled. Look for cranes in the sky in city centres. There aren't many about. Offices, factories, shopping centres, hotels, schools, roads, hospitals. The whole sector is sluggish. Houses are actually being built.

Pincher

Recession, stagflation, high unemployment, grumble, grumble, it's the fault of foreigners, National Socialism getting popular.
It's 1930s all over again.

It did revive the German economy, though.

However bad the economy might be, people always find the money for war.

thelawnet

Is it really too much to ask that MSE follows its own forum rules and posts news stories to the right forum?

A thread about the economy in the bank accounts forum, one last week about taxes for the rich, in the charities forum, a political story in the benefits forum 3 weeks ago, it's just constant, and really doesn't set a good example.

gadgetmind

thelawnet wrote: »

Is it really too much to ask that MSE follows its own forum rules and posts news stories to the right forum?

Does it really matter when people like me just take it straight off topic anyway?