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UK GDP Preliminary Estimate Q4 2012 -0.3%
Comments
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Is it about time to say that Osborne's economic strategy is not working?
I think we're not far off....
Come on Wookster, you can say it.
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Is it about time to say that Osborne's economic strategy is not working?
I think we're not far off....
It's better than Germany though, isn't it? And after a good quarter in Q3. Not great that there's been a contraction, but it doesn't seem so bad considering everyone else is struggling.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
We have no other choice than to stick with the plan. If it costs more to borrow the pain will continue but for even longer. Yep I cannot see anything but bobbing along for 10yrs from now not from the start.
We need to realise just how lucky we are with this as there is going to be real pain in other countries. We are lucky with the status quo.0 -
Is it about time to say that Osborne's economic strategy is not working?
I think we're not far off....
Probably, but I don't know if there is one that WOULD work.
It's a shame we can't try two or three strategies at once, as it seems no matter which strategy is picked, the one that wasn't picked always ends up being the "better one". I.e. grass is always greener....
What we do have is evidence of a whole host of strategies across the Eurozone, and to be honest, none of them appear to be pulling things up. You can't swim against the tide. All you can do is try to keep the best position you can.
The problem as I see it, appears too be too much debt, stiffling growth. I don't see how, long term, borrowing and increasing debt can provide growth long term and not put us back into exactly the same situation as we are now. In my mind, it's like taking a few drugs, getting high, and having to come down again at some point...0 -
Graham_Devon wrote: »Probably, but I don't know if there is one that WOULD work.
It's a shame we can't try two or three strategies at once, as it seems no matter which strategy is picked, the one that wasn't picked always ends up being the "better one". I.e. grass is always greener..
Well the government are missed a few tricks.
1. Why are there no huge multi-billion pound house building schemes? It is clear that the market is failing to deliver the number of houses required.
2. Why no airport expansion or other significant infrastructure projects?
3. Why no mass expansion of apprenticeship schemes?
If there are questions as to where the cash will come from, then there should be real cuts to other government departments to compensate.0 -
Is it about time to say that Osborne's economic strategy is not working?
I think we're not far off....
Ahh go on you can say it, plenty of other people have said it already. Doesn't mean Osborne will take any notice.
Today's figures are hardly a surprise, most people knew the last quarter figures were artificially high due to the summer events. Basically we are flat and it's fifty fifty whether the next quarter will be just under again and take us back into recession or with a touch of luck just above, won't really make much difference to most peoples lives either way.
Currently I'm more concerned about what the PM is saying in his broadcasts. Is he being deliberately manipulative in trying to deceive the general public or is he just really incompetent and genuinely not know the difference between debt and deficit? Either way isn't good or reassuring.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
shortchanged wrote: »the main point about the growth of the economy or expected growth is that the budgets are planned on the growth figures and this is why the UK is now on this slippery slope because we keep missing our growth figures hence why the deficit is not improving.
Cant believe we agree on something.:D“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
gorgeyetsun wrote: »With reassuring economic news like this, my mortgage rate is safe and therefore so is my overpayment challenge.
Thanks Reno."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 -
Is it about time to say that Osborne's economic strategy is not working?
I think we're not far off....
No because that assumes that the only short term strategy is growth. The priority is to reduce the crippling debt that Labour left. Growth with increasing debt would be a much worse situation in the longer term.
Say a person or family gets in the s**t with credit card and other debt and has to cut back in order to pay it off. It's no good them, or anyone else, moaning that they've got less to spend as a result, that they can't have as many nights out, holidays etc, that the new bathroom has to go on hold. That's the way it is until they get straight with the debt. Anyone saying to them "You can't go on like this, borrow some more so you can have that holiday" is a fool.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Inevitable.. & so will the next quarter be negative too ..0
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