Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Andrew Tyrie silenced at Conservative Conference finds his voice again ( away from whips ) says Plan `A`is running the risk of setting back economic recovery.
Since Coalition Government the Economy has Flatlined.
Now at ...........0.9 %..
Olly everyone has a back-up plan.
Olly................hello...................hello.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Find out a little about economics Reg and you will understand why we must cut spending. oops, no my mistake, you are an old Labour supporter and you lot think that you can spend, spend spend, borrow borrow, borrow with no consequences or payback so financial realism does not compute with you..
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i think you have deliberatley misread reg's post barry.
if the economy continues to fail to grow then changes to plan a or an alternative plan are needed to stop the deficit getting any wider.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
If the Coalition gave in on this one, and admitted that plan A was a failure, that they got it all wrong since May 2010, they might as well pack up and call a G.E. now. They know this, so they won't admit it, and the failure will just continue (plan A).
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Howard - growth will happen but currently it is held back by the sovereign debt crisis in the EU.
What Plan B is there anyway?
You cannot spend more because that means borrowing more and that will mean downgrading and getting to the same kind of situation as Spain and Italy (not Greece, slightly different there). Government spending does not really boost growth anyway unless it is spent efficiently in making it easier for the private sector to do business (better roads, better broadband) but that would only impact years ahead and would be limited anyway.
No - we must keep on with deficit reduction and, if anything speed it up and really start cutting down on public spending. Then taxes can be cut particularly on businesses. The other thing, of course that can be done is a wholesale bonfire of government rules and regulations, all the stuff Labour (and the EU) loved to stuff business with. Cut out the many of the employment laws, get rid of the destructive minimum wage, drop the plain daft equality regulations and so on...
Reduce the burden on business, make it easier to employ and to sack people and get back to the market wages. That is what is needed.
Guest 705- Registered: 23 Sep 2010
- Posts: 661
Barry-You've already told us about the benefit to business of returning to 'market wages' by reducing burden. Can you define 'market wages' in terms of benefit to the average worker- say somebody on about 25k? Does this mean that currently wages are too high? I take it that to reduce the burden on business, you would have to reduce wages-or does it work both ways especially for an employee who is prepared to graft for his dosh.
Never give up...
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the way i see it is that barry wants to go back to the times of everyone tugging their forelock when a job is on offer.
abolition of the minimum wage would encourage any incomer who would be happy to sleep 6 to a room so that they could send a few bob back home.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Barry, how on Earth can someone living in normal conditions live on less than the minimim wage?
One might as well sign on!
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
In contrast on this early morning news over here the States propose to raise the minimum wage to £8.28 per hour in order to lift low wage earners out of benefits.
Marek
I think therefore I am (not a Tory supporter)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Marek - an idiot.
Richard - I am talking of getting rid of the minimum wage which is setting a pay norm in some industries holding pay down more than anything. yes drop the minimum wage and some will get a pay cut but many others will get a pay rise in a more competitive market. Just because you may be on a low pay at one point in your life it does not mean that you always will be.
I found out about the effect the minimum wage has in another aspect last week. I was speaking to someone who runs a new recruitment agency in Canterbury. He has one contract to find over 20 new permanent jobs for a new business in Ashford and another 200 temps for it with future expansion throughout the country planned. He is saying that many British people look at a job and if they see it is for a minimum wage simply turn their noses up saying they wont work in a minimum wage job, whereas before the minimum wage and the stigma it provides, they would have taken the job and worked their way up gaining experience towards a better wage. By contrast foreigners just snap these jobs up.
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
Barry
I resent being called an idiot!
Marek
I think therefore I am (not a Tory supporter)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
errr not you Marek - the person you were quoting. It did look as if I were saying that to you but you should know better!!!
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
Very interesting little item on Radio 4 this morning re growth. Germany are still the stars of Europe on growth by a long way, despite running in the beleaguered Eurozone. Growth levels running at 2.8% which is fairly fantastic in these times, even Volkswagen are on track to be the biggest car manufacturer in the entire world this year, destined to surpass Ford. Stunning growth.
One German expert was asked to compare Germany to the UK and was asked about the enormous gap in performance. He put it down to the change in philosophy in the UK 20- 30 years ago when Margaret Thatcher pushed the services industry over manufacturing. In simple terms it left the UK with nothing to export. Germany are an exporting economy.
By the way Reg's post at top of page has not got the percentage right..its .09%.. less than 1%. (So NOT 0.9% as shown by Reg). The decimal point is in wrong place there above. That way it shows growth running at 9%, not the case alas.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
PaulB Germany's success is won at the cost to the weaker currencies in the Euro. The very effect that damages them helps the German economy, a see-saw effect. We are seeing an effective transfer of wealth from the poorer and weaker economies to the stronger economies in the Euro. The German bail-out of Greece should be seen in that light as should their desperation to prevent the Euro from breaking up.
The unbalanced nature of the Eurozone may help some but only by damaging the weaker. A more efficient European economy can only come through a break up of the Euro.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
more the shame really,and as paulb says mrs t has a lot to answer to.damm tory polices.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Brian - Mrs T saved this country's economy and during her period manufacturing actually grew as a proportion of the economy. It only shrank during the Blair/Brown years. What was said simply does not stand up to any scrutiny of the facts.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barryw,if germany is doing better than the uk,then good for them,the uk needs to get its act together and get uts exports moving instead of sitting on there back sides moaning that the euro zone is doing this that or the other to the uk.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
There he goes again Barry who is %100 right %100 of the time being rude again.Again I rest my case. If you do not think the Barry way you are a Idiot,well he thinks so, as he is always %100 right we must be.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barryw,so you say.but as far as i see it the countrys problems started with mrs t and has been carried on through labours 13 years.so much so due to mrs t's tied up agreements around the world,and poor old labour had there hands tied through contracts that she signed.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
LOL Brian - 13 years of Labour and you still prefer to blame Mrs T who left office 21 years ago. What a joke.
Vic - if you want me to actually be rude then I will, to you - grow up and address the issues being discussed as I am.