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UK economy 'contracted in fourth quarter'
Comments
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bertie is a labour party hack just like DLW. There's no point in talking to someone like him, he cannot be reasoned with.
New Labour not old. Perhaps it was Blairs doing. Somewhere along the line they've lost their roots. As Beveridge would be turning in his grave.
Beveridge saw his welfare proposals as a means of moulding an active, independent citizenry that practiced the virtues of hard work, honesty and prudence. His fundamental principle was that receipt of welfare was to be dependent on what a person had paid into the scheme.
Does that sound like the UK in 2013?0 -
Perhaps the problem is that the modern technological growth and this global economy is centralising wealth into the hands of a relative few, and returning the masses to their former serf status ?
I know we see the state getting poorer, but the growth in multi-million/billionaire shows no sign of slowing. Could the nation state role be shrinking in significance?0 -
Thrugelmir wrote: »New Labour not old. Perhaps it was Blairs doing. Somewhere along the line they've lost their roots. As Beveridge would be turning in his grave.
Beveridge saw his welfare proposals as a means of moulding an active, independent citizenry that practiced the virtues of hard work, honesty and prudence. His fundamental principle was that receipt of welfare was to be dependent on what a person had paid into the scheme.
Does that sound like the UK in 2013?
Can we all please try to remember the honourable and hardworking dads who never lost a days work in their lives and who paid into taxes/schemes all their career until they got laid off due to catastrophic drop in confidence and demand caused through no fault of their own but newbie con government tinkering? Work seekers are not all unmotivated.0 -
Perhaps the problem is that the modern technological growth and this global economy is centralising wealth into the hands of a relative few, and returning the masses to their former serf status ?
I know we see the state getting poorer, but the growth in multi-million/billionaire shows no sign of slowing. Could the nation state role be shrinking in significance?
I certainly think the role of government has been diminished. Multinational corporations and the banks holding sway."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »Tax volumes aren't going to recover anytime soon. Financial services is never going to make the same contribution as it did a few years back.
It wasn't really financial Services alone it was rather more people actually paying some, through greater employment (which would also reduce welfare costs) and consumption. Rather than 1 or 2 big lifters many small ones.
Don't remember Barclays, for instance, overly paying UK tax even in the, near distant, good times apart from employment taxes."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The Americans and the French are both positioning themselves to move in Britain's hold on financial services through the city.... also new european bank controls0
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grizzly1911 wrote: »It wasn't really financial Services alone it was rather more people actually paying some, through greater employment (which would also reduce welfare costs) and consumption. Rather than 1 or 2 big lifters many small ones.
Don't remember Barclays, for instance, overly paying UK tax even in the, near distant, good times apart from employment taxes.
Financial services is more than just the banks alone. Covers a whole spectrum of activities.
Hard for people to become entrepreneurs when they are burdened with debt.0 -
As always, risk taking (even with the hope of making money eventually/turnming a profit) involves good old confidence. Im sorry to say it, but Osborne has failed in delivering that crucial element! No-one appears to truwst him or be prepared to lend under his stewardship of the economy - if things dont turn around in the next couple of months, then there will be calls for him to go... even if only to push him sideways to make it look as if the Cons are doing something about it - not much else Cameron can do is there?0
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