The effects of slash and burn starting to show.

StevieJ

Conrad wrote: »

YOU shop around for best value tyres etc, invaribaly made in places outside of this featherbedded greedy entitled population. Cant you see the irony nin this.

Not quite yet but maybe in the future, I think my Michelin tyres were manufactured in Dundee

Mrs_Bones

I think what is worrying for many people is that most of the cuts haven't even been felt yet. Over 80% of the cuts have still to come in the next few months. If people are not spending now, they are hardly going to be likely to spend as things get even harder. This is also just based on things staying along this same bottom skimming course. If things actually do implode in the EU I would expect things to go down hill even further and faster.

HAMISH_MCTAVISH

Mrs_Bones wrote: »

Over 80% of the cuts have still to come in the next few months. .

Not quite.

"Cuts" are only happening in inflation adjusted terms, nominal spending continues to increase.

Conrad

shortchanged wrote: »

What I am concerned about with Osbourne and co is that they really don't have any ideas how to get us out of this mess.

If they realy don't have any ideas, how do you account for the following;


+ 500,000 private sector jobs created in 24 months -

+ Hundreds of thousands of proper old fashioned technical apprenterships

+ Proper dynamic linkeage bewteen University R&D and business - at long last

+ Exports to India up 73%, up 60% to China

+ Exports up to BRIC nations inspite of recesionary times


+ No cash handouts to the EU by Douglas Alexander types


+ A genral change of emphasis away from PS consumption and into wealth creation - this in time will bare fruits

+ car exports doing very well

The_J

I also genuinely find it hilarious that people think this is a mess that can be solved by just standing up and walking out of it.

What qualifications do the people criticising have? There are people with Nobel prizes for Economics disagreeing on the right path yet you are right?

Give me a !!!!ing break, get off the internet and get on with your irrelevant little life.

shortchanged_2

The_J wrote: »

I also genuinely find it hilarious that people think this is a mess that can be solved by just standing up and walking out of it.

What qualifications do the people criticising have? There are people with Nobel prizes for Economics disagreeing on the right path yet you are right?

Give me a !!!!ing break, get off the internet and get on with your irrelevant little life.

I take it you are referring to me.

And this from a so called financial advisor who thinks borrowing massive income multiples is a good thing. No wonder this country is fooked if numpties like you are in anyway responsible for the finances of this country.

Graham_Devon

shortchanged wrote: »

What I am concerned about with Osbourne and co is that they really don't have any ideas how to get us out of this mess. These so called hard decisions that Cameron talked about in his election speeches always seem to be backed down on. This is mainly the reason we are where we are now, it's all half hearted. They've basically created a double whammy by shooting business and consumer confidence to shreds, yet haven't often carried out what they have said they would.

To be fair, neither do any other politicians. Be that in the UK, or indeed, throughout Europe.

People have ideas, sure.....but whether they can get their ideas into practice is another thing entirely.

Thrugelmir

Conrad wrote: »

They need a bit of spin to be frank, and yes more emphasis on growth.

Sometimes a dose of reality is far more effective. As its people that will drive growth and productivity ultimately.

Thrugelmir

shortchanged wrote: »

What I am concerned about with Osbourne and co is that they really don't have any ideas how to get us out of this mess.

Why should they? The numbers flying around are beyond comprehension to the man in the street. There's no quick fix.

Many of the answers lie with each and everyone of us. Growth should be organic i.e. self funding, sustainable. Not borrow short term on the basis of making a quick buck by selling the very business thats been built.

Short termism is the greatest failure today.

The_J

shortchanged wrote: »

I take it you are referring to me.

And this from a so called financial advisor who thinks borrowing massive income multiples is a good thing. No wonder this country is fooked if numpties like you are in anyway responsible for the finances of this country.

My oft stated opinion is that debt is slavery but I concede that debt is means to an end.

I think you may be referring to a situation where I said that a big income multiple was achievable from a high street bank. If someone wants to push themselves to a figure that they feel they can handle then I will tell them how to do it safe in the knowledge that said high street bank has done the research and concluded (with a demonstration to the FSA) that it is an acceptable amount.

If it all goes wrong as you seem to hope it will (clearly of the opinion that they are as bad with money as you are) and they get repossessed then that's another cheap house on the market. Times that by a few hundred thousand and your much vaunted HPC might happen. You should be encouraging this.