Debt

macaque_2

Anyone who says that we need to get people spending again to revive the economy is an idiot. We need to start start making things again.

A total of 1.2 million households in the UK have sunk into debt and are struggling to pay bills since the start of the double-dip recession in September.

http://www.citywire.co.uk/money/a-million-more-households-sink-into-debt/a587440?re=18960&ea=174368&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary

guitarman001

I don't think you'll get many people on this sub-forum agreeing - unlike myself (engineering) I suspect many here are paid rampers or in the property business/have a vested interest.

I agree with you, however.

Thrugelmir

macaque wrote: »

Anyone who says that we need to get people spending again to revive the economy is an idiot. We need to start start making things again.

Until people have the disposal income (i.e. pay down debt) then they aren't going to spend.

CLAPTON

making things?

don't you need customers to buy those things?

and we are the 6th largest manufacturer in the world

ukcarper

guitarman001 wrote: »

I don't think you'll get many people on this sub-forum agreeing - unlike myself (engineering) I suspect many here are paid rampers or in the property business/have a vested interest.

I agree with you, however.

Do you know who I should apply to, to get a job as a paid ramper.

abaxas

If you spunked all your money in beer and fags on a friday night...

You have non left for a Saturday session.

guitarman001

ukcarper wrote: »

Do you know who I should apply to, to get a job as a paid ramper.

You might mock but these people exist. One of my graduate friends "works" in London doing this on the stock market side of things.

macaque_2

CLAPTON wrote: »

making things?

don't you need customers to buy those things?

and we are the 6th largest manufacturer in the world

If you are talking about making things that are overcharged to UK consumers (water, electricity, gas etc) who 'overconsume', you might have a point. If you are talking about making useful things that we can sell to other countries, I don't agree.

http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Manufacturing/dtt_2010%20Global%20Manufacturing%20Competitiveness%20Index_06_28_10.pdf

Generali

guitarman001 wrote: »

You might mock but these people exist. One of my graduate friends "works" in London doing this on the stock market side of things.

I don't know if your mate is bothered or not but he may well be working for a boiler room, a type of fraud.

kabayiri

CLAPTON wrote: »

making things?

don't you need customers to buy those things?
...

There is a burgeoning middle class emerging in places like China, India etc. These people have material aspirations to separate themselves from the masses in their own country, just as it happens here.

They could be just as fickle and brand-led as their Western counterpart, given half the chance.

We need to value our own heritage and brands to tap into this market though. Flogging off classic Marques like Jaguar; Land Rover; Mini; makes it look like everything can be flogged off in UK plc.

CLAPTON

macaque wrote: »

If you are talking about making things that are overcharged to UK consumers (water, electricity, gas etc) who 'overconsume', you might have a point. If you are talking about making useful things that we can sell to other countries, I don't agree.

http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Manufacturing/dtt_2010%20Global%20Manufacturing%20Competitiveness%20Index_06_28_10.pdf

I made the point that selling manufactured objects requires customer who are able to pay

I also noted that the UK is the 6th largest manufacturere in the world

I don't understand your point about water, electricity or gas as these aren't normally seen as manufactured products

I don't define 'useful' as things that foreign people buy although I am pleased if anyone buys british whether it is manufactured here, is an insurance or financial product, is an artisitic product or is an educational product or a computer game or a design or a holiday here or agricultural product or .........................