UK GDP Preliminary Estimate Q4 2012 -0.3%

homelessskilledworker

(Text removed by MSE Forum Team)

NOTHING else really matters (nearly broke out into a Queen song there), as each month quarter passes the panic in Government and our financial/Banking sector panics that little bit more.

Contrary to what this Government is saying our national debt is getting bigger, we are nowhere near the austerity that is needed.
I personally cannot see where the growth in our economy is coming from, and if truth be told I do not think our Government does either.

I am no big fan of BBC question time(to Dogmatic for me), but you do get the occasional gem of a guest, last night it was Ian Hislop and you do get a feel for the pain the public is feeling sometimes.

Hislop after listening to the Labour and Tory puppets snipe at each other then came out with "they have no idea where growth will come from", nobody argued with him, and then a woman from the audience said in no uncertain terms that most of "us" are hanging on by our fingertips, should rates raise then half the population would go over the edge, and thats the truth of it.

We are not going to enter a tripple dip of quad dip, what happened is that fell like a stone in 2007 and we have never recovered since.

It is starting to click with some people that we are entering a Japan style scenario which personally makes me go cold.

"Totally meaningless and not worth discussing", ok keep talking about a house in down town Bognor has gone up or down one percent, if we do not find some way of getting back into growth then no fiddling with the markets will alter the direction house prices will follow.

For what it is worth and with the path these cowardly politicians keep taking, I do not think we will(if ever) get back to growth with the way the world is today.

Mr._Pricklepants

homelessskilledworker wrote: »

NOTHING else really matters (nearly broke out into a Queen song there)

Isn't that a Metallica song?

GeorgeHowell

homelessskilledworker wrote: »

(Text removed by MSE Forum Team)

NOTHING else really matters (nearly broke out into a Queen song there), as each month quarter passes the panic in Government and our financial/Banking sector panics that little bit more.

Contrary to what this Government is saying our national debt is getting bigger, we are nowhere near the austerity that is needed.
I personally cannot see where the growth in our economy is coming from, and if truth be told I do not think our Government does either.

I am no big fan of BBC question time(to Dogmatic for me), but you do get the occasional gem of a guest, last night it was Ian Hislop and you do get a feel for the pain the public is feeling sometimes.

Hislop after listening to the Labour and Tory puppets snipe at each other then came out with "they have no idea where growth will come from", nobody argued with him, and then a woman from the audience said in no uncertain terms that most of "us" are hanging on by our fingertips, should rates raise then half the population would go over the edge, and thats the truth of it.

We are not going to enter a tripple dip of quad dip, what happened is that fell like a stone in 2007 and we have never recovered since.

It is starting to click with some people that we are entering a Japan style scenario which personally makes me go cold.

"Totally meaningless and not worth discussing", ok keep talking about a house in down town Bognor has gone up or down one percent, if we do not find some way of getting back into growth then no fiddling with the markets will alter the direction house prices will follow.

For what it is worth and with the path these cowardly politicians keep taking, I do not think we will(if ever) get back to growth with the way the world is today.

Not sure I agree with all of that analysis.

But it shows what you get with 13 years of Labour government. A false boom held together with smoke and mirrors and massive debt in order to buy votes, followed by a crash, a flatlining economy and no easy way out of it.

Someone will quickly say , "Ah, but the crash was global", to which I say, "Yes, but so is the slump."

Generali

Wookster wrote: »

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.

The trouble with this stuff is you're just shifting things from one pot to another.

While unemployment is high(ish) there's unlikely to be a skills shortage or at least not one that can be solved by a few trainees.

It takes 20 years to build a major road and for a long as I can remember and in fact since before I was born people were asking where the 3rd London Airport would be built to cope with the VC10s that BOAC were buying.

The Government, I think, is doing what it can to encourage housebuilding by removing barriers to planning permission.

The biggest problem Europe has, and New Labour dragged the British economy into the European mainstream, is that the state is simply too big. Stop asking the Government to sort out your problems and sort them out yourselves guys!

Ask not what your country can do for you but what you can do for yourself. Generali

sheffield_lad

balls up just been on radio calling for a vat cut without explaining where the ££ comes from.

Don't you just love the fool.

HAMISH_MCTAVISH

Generali wrote: »

The Government, I think, is doing what it can to encourage housebuilding by removing barriers to planning permission.

Which is great and all, but it's not planning permission that is currently the main reason houses aren't being built.

It's a drought of both mortgage and development finance.

That isn't something the government can fix. It is something the BOE can fix though....

sheffield_lad

Generali wrote: »

The trouble with this stuff is you're just shifting things from one pot to another.

Stop asking the Government to sort out your problems and sort them out yourselves guys!

Ask not what your country can do for you but what you can do for yourself. Generali

Good point, I spoke to a BG engineer the other day who had just been called out to bleed a radiator! I asked how young couples would cope with the old fuse wire lol.

We are in danger of creating a spoon fed generation.

kabayiri

Time to get fracking !

Pump the money into the Fylde coast fields; fast track approve development; and get us into a state where we are a net exporter of gas.

US is self sufficient now from being a net importer; we can follow suit.

Masomnia

kabayiri wrote: »

Time to get fracking !

Pump the money into the Fylde coast fields; fast track approve development; and get us into a state where we are a net exporter of gas.

US is self sufficient now from being a net importer; we can follow suit.

It's keeping manufacturing jobs in the US too as it makes things cheaper to make there.

Generali

Masomnia wrote: »

It's keeping manufacturing jobs in the US too as it makes things cheaper to make there.

In fact it's sucking manufacturing back into the USA too!