UK GDP Preliminary Estimate Q2 2012 -0.7%

RenovationMan

shortchanged wrote: »

Renonman you do realise that the thousands of people registered with MSE can view these pages don't you. Just because they don't post on them doesn't necessarily mean they're not viewing them.

Do you think thousands of people are reading your posts, including economic correspondents from The Times?

Really? :rotfl:

shortchanged_2

RenovationMan wrote: »

Do you think thousands of people are reading your posts, including economic correspondents from The Times?

Really? :rotfl:

Yes, of course they are. I'm sure your mental jibberings are quite an attraction.

RenovationMan

shortchanged wrote: »

RenovationMan wrote: »

Do you think thousands of people are reading your posts, including economic correspondents from The Times?

Really? :rotfl:

Yes, of course they are.

Oh dear, another narcissist for the loony bin. :rotfl::rotfl:

RenovationMan wrote: »

it gives us an insight into DervProfs nacissistic nature and how important he thinks his posts on here are if he likens a few anonymous posts on an obscure and hidden internet forum to the exposure given to a famous celebrity on national TV, radio and media outlets. Deary me, does DervProf think that our whitterings on here are being stored for prosterity and that future historians will be digging up the MSE file servers and studying his ramblings?

Bonkers. :rotfl::rotfl::rotfl:

Mr_Mumble

These are awful numbers.

Policy is just horribly, horribly anti-growth. VAT hikes, employer NIC rises, upper rate tax, the first Tory government to support a job killing minimum wage, giving benefit claimant a 4.8% 'pay' rise while workers are averaging 1%, the North Sea oil tax hikes that killed production.... I'm sure there are many other anti-growth policies I'm forgetting, maternity/paternity rights?

The core problem with the coalition is: it lied. They said their first priority was reducing the deficit but the easiest ways of reducing the deficit without hurting the British economy: less spending on the EU and foreign aid have been growing at double digit rates while government construction contracts (which while I'm not a believer in do help short-term GDP numbers) have halved! The first priority of this government has been to make sure they don't upset Guardian readers - big mistake.

coastline

As soon as minister Gauke says its immoral to pay for work cash in hand....the economy slumps..:(

Thrugelmir

andyroberts1967 wrote: »

Does this mean that the Government will finally see sense and take some radical action by introducing some sort of stimulus, eg tax cuts and lowering VAT to get the economy moving again? Nobody's spending, that's the problem.

Why does the Government need to anything?

Its people that create GDP by undertaking productive activity.

We can't spend money we haven't got. The coffers are empty.

Where's Prudence when you most need her?

Thrugelmir

nicko33 wrote: »

The other 2 days a week are working days for lots of people.

Does 7 day a week shopping actually boost the economy though?

Maybe we'll return to the days of a work/leisure balance in life (particularly for families). Where quality time is more important than spending money.

Wookster

Generali wrote: »

It seems to be the obvious solution: allow people to make a product that people want to buy at a price they are willing and able to pay rather than the Government spending huge amounts on preventing builders from building houses!

It is so obvious but it is such obvious solutions that our dear leaders seem oblivious to (no synonym intended!).

MacMickster

Thrugelmir wrote: »

Does 7 day a week shopping actually boost the economy though?

Did it ever? Were there really people out there complaining that the shops shut before they had time to spend all of their spare money?

Perhaps society was better when people had to spend Sundays together as a family, when we couldn't get a drink in the pub at 4am, when we didn't expect to talk to our bank staff at 7pm etc.

All that this 24/7 culture does is give a greater share of our total spending to those businesses who force their employees (us) to work ever more antisocial hours, claiming that it is to meet a demand from their customers (us), which arises only because their customers (us) have such busy lives that they can't manage to conduct their business during traditional hours.

Thrugelmir

MacMickster wrote: »

Did it ever? Were there really people out there complaining that the shops shut before they had time to spend all of their spare money?

Shopping is a very British culture. That one suspects is losing its sheen.....