Guest 698- Registered: 28 May 2010
- Posts: 8,664
Keith they have taken the private sector with them perforce. It's the public sector that needs to realise that we can't afford them any more.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 21.Fllowing that theme,do you feel DDC and other district councils are beyond their sell by date.
Guest 703- Registered: 30 Jul 2010
- Posts: 2,096
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Interesting read that but not really new. A few points:
1/ Recovery from a recession is always messy and 'bitty' and 'second dips' are not exactly an unusual feature either. Contradictory statistics are always a feature.
2/ There are some significant and different features of this recession though. Something of a desirable rebalancing is taking place between the private and public sectors and that can cause significant anomalies in the figures. There are also signs that there is also some rebalancing away from the financial sector though in the UK there have been some significant signs of recovery in that sector which could be temporarily choked off by the Eurozone difficulties getting worse.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,557
peter;
has the cobbled together govt taken private enterprise with them? hogwash
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Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barryw,point 1, germany hasnt yet a double dip,come to think of it nor has any of the others as far as i can see.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Yes Keith the private sector generally is right behind the government's cuts to public sector fringe benefits and their attempt to curb welfare abuses.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
As I explained Brian - Germany did not build up a deficit in the growth phase of the cycle unlike the UK and are therefore far better placed than us. Their manufacturing has also been helped because of the Euro being dragged down by the weak economies. The opposite impact to what happens to those weak countries for whom the Euro is too high pushing them into worse and worse recession.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,i have tryed to work this goverment out,but know its like banging ones head against a brick wall.i personly dont think our ecomany is all as cameron/osbourne has stated,and small signs of panic has set in at the top over europe.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The European Leaders meet to deal with economic growth....the British Prime Minister is `permitted` a phone call.....LOL
Our British Prime Minister tells the European Leaders to clear up their Economic mess......LOL
Our British Prime Minister adds if you do not sort out your economic mess you will make our economic mess ....worse.....LOL
Statesmanship.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Boost growth now or face global crisis,Obama tells EU.Obama welcomes Francois Hollande as potential ally in his push for
Europe to follow US in higher priority to expansionary policies,as a countrweight to Austerity policies.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
try telling that to mr.w.and he will tell you differant.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Boost growth now? well I wonder what is meant by that. One thing is certain you will not boost growth by increasing deficits. The deficits are too big now piling up more and debt problems are never solved by even more debt.
I am all for boosting growth though. Real growth, the growth that counts, growth in the private sector generating more profit and wealth in a competitive environment but there is little a government can do about that other than improve the condition for growth and for that we need.
..Risk takers to be incentivised
..Investment encouraged
..Reduce costs of employing people
..A more flexible market that de-risks employing people
..Lower taxes, simpler taxes, specially reduced at the top rates to generate more revenue for HMRC from economic activity and not by trying to punish people just because they are financially successful.
Yes - that is what is needed and a war on the red tape that hinders business growth and development.
I am all for growth.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the writing is on the wall for the austerity measures, the countries on the south of europe are preparing themselves for a summer of disobedience.
obama is putting pressure on merkel, hollande will do likewise - just watch the big changes as they happen.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
told you so.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
This is why Greece and, perhaps not immediately, other southern European countries will quit the Eurozone. They have to make their countries competitive somehow either by devaluation or by real austerity measures such as which we cannot imagine. Maybe as much as a 40% drop in living standards brought about by their failed Euro experiment and irresponsible government spending.
I have said it before, it is the consequences of years of living high on debt well above their means. Its tough but it is factual, there is no easy way out at all.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
lets not forget barry that the bubbles have a lot of state assets that they could sell off for good money.
italy is the same and they have started by selling off lighthouses, watch that spread to the larger state owned assets once the population has got used to it.
total austerity simply will not wash over a long period of time with no sign of a let up for people that were not comfortably off before this all took off.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,557
like you say howard the tides turning
the promise of jobs and then jobs not coming
the public seen through it
cameron must be shaking in his boots
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Selling assets is one way to pay off some debt Howard but it barely touches the deficit. Neither does it do anything about the big problem of lack of competitiveness and the need for devaluation.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,557
quite interesting barryw that we probably differ on the future,
compitition is an interesting one whilst there should be some,
value for dosh would be of more intrerest as the thanet conservative mp suggests
ALL POSTS ARE MY OWN PERSONAL VIEWS