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MSE News: Economy shrinks by 0.2%
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Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"The UK's economy suffered a 0.2% contraction in the final quarter of 2011, fuelling fears of another recession ..."
"The UK's economy suffered a 0.2% contraction in the final quarter of 2011, fuelling fears of another recession ..."
Read the full story:
Economy shrinks by 0.2%
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Economy shrinks by 0.2%
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments
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It's hardly a surprise - I think we'll be back into recession before we know it.
Things are still going to get worse before they get better.Thinking critically since 1996....0 -
Should cheer up the doom and gloom merchants. Whatever happened to I'm back Britain.0
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I think i sit in the same boat as many brits it feels like we have been in recession for two years and staying that way. Its very clear to me that the savage cuts that the goverment are making and not forgetting chucking people out of work has focrced the uk past the 1 trillion debt mark and yep the contraction begins i don't think it will be long before we lose our AAA credit rating as we all know this carnival goverment will bulls**t their way out of it somehow. I am a working man who after tax earns about £20k and i have never felt so poor i am i supppose the squeezed middle yet look on the bright side the bankers will get their bonus so ou never know they might boost the economy with the millions handed to them NOT :mad:0
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I think i sit in the same boat as many brits it feels like we have been in recession for two years and staying that way. Its very clear to me that the savage cuts that the goverment are making and not forgetting chucking people out of work has focrced the uk past the 1 trillion debt mark and yep the contraction begins i don't think it will be long before we lose our AAA credit rating as we all know this carnival goverment will bulls**t their way out of it somehow. I am a working man who after tax earns about £20k and i have never felt so poor i am i supppose the squeezed middle yet look on the bright side the bankers will get their bonus so ou never know they might boost the economy with the millions handed to them NOT :mad:
:rotfl:
Please tell me how much in (either real or nominal terms) the govt has cut total spending by, and how much extra borrowing has resulted from these cuts!
PS you're not just wrong with your logic, the tone of your response is wrong as well. Need to cut harder and faster.0 -
It's all wealth transfer folks.
All jobs are going abroad what can you do. The very own British companies are outsourcing our jobs and we cannot pay tax to the Govt or live what used to be the british way. Companies are saving more on salaries by offshor'ng also getting themselves the exposure of so called emerging markets. Govt coffers are empty as tax paying resources are reduced and transfered to other countries.
GDP can never reach the levels we have seen unless we see a shift in policy which stops companies being greedy and lookafter shareholders by offshorn'g or outsourcing.
There are various arguments about this topic but I only have one thing to say, if you earn in Britain provide jobs in Britain else pack your bags and gets lost to the country you are providing the jobs too!0 -
If you try to stop outsourcing and offshoring, the companies will do the minimum they need to make a profit. If the cost of doing business here is higher than somewhere else, they will outsource, contract or close shop.
Companies exist to make money for themselves, we work to make money for our families.Before anyone screams inequality, if you tax and legislate, the jobs go.
The alternatives have been tried and failed. At least capitalism destroys itself on the way to rebuilding. Bailing out and printing money has simply postponed the inevitable and saddled us with the £1T debt.No country has ever taxed it's way into prosperity.
1 of the 35 undeniable truths
We are fooling ourselves if we believe anything else.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0
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