Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
...........as UK growth prospects are slashed...........again.
The Organisation for Economic Co-operation and development forecast 0.1 % .....contraction for UK this year and gowth of
0.9 % for 2013.......considerably lower than latest figures in May.
Office of Budget Responsibility ( OBR ) are about to give `knife edge` verdict on state of public finances.....and Osborne`s fiscal
rules.........
The OCDE said Osborne could,`finally,`be forced to abandon his targets -to put `debt` as share of the economy on a downward
course by 2015 / 16.
Negligible growth is expected in the forth quarter.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
It's my view that the mouse will limp away to 2015, the country after all those years will continue to see the divide widening between rich and poor, but after the mouse loses the election, more knives will be out.
Don'tknow the guys name but an ex tory MP has broken ranks and encouraging people to vote UKIP and in his interview this guy was stating how no one trusted the mouse.
He also stated he had the support of Conservative MP's and that a leadership election should be the order of the day
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
reg,thats old news.i knew about that a week ago,so is there any new developments arrising.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Osborne`s £ 37 Billion QE cash grab won`t help him says Mervyn King.
As Osborne prepares for ....gloomy debt forecasts next week,Bank of England Governor said it ``is very clear``that any
`headline`grabbing to boost the public finances from Treasury`s move would not help the underlying position -and it should not
be presented to the public as doing so......there was no benefit to the Taxpayer of making this change.....
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
reg,thats last weeks news.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I see nothing here that actually relates to the real 'British Economy Today'.
A lot of out of context extracts and statements from various sources are not a basis for a sensible economic debate. You will see more intelligent economic comment in the Beano than from Reg's posts.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
oh dear reg#barryw dont like it up him lol
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 651- Registered: 12 Mar 2008
- Posts: 5,673
Been nice knowing you :)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Keith. I would just like to have an intelligent informed economic debate with a proper exchange of points with Reg. It will never happen of course, simply because I have not seen anything to demonstrate that Reg has the knowledge to participate. Blimey, he cannot even bring himself to refer to me and others with whom he disagrees by name, let alone have a proper discussion. What does that tell us...
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Barryw
lots communicate in different ways, you also get very touchy/personal at times.
Reg gives a viewpoint which you dont share and thats fine
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
That's just it Keith - we do not get a viewpoint. Just a series of out of context one-liners, no cohesive points, he makes no case, fails to engage even when challenged to do so. This is not being personal, this is a critique of his posts not of him. I will not hold my breathe for any kind of intelligent engagement. But then he does not have a case to stand up to examination.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
G. Osborne, Barry, has failed in his "Government's borrowing programme", but somewhat dismally.
The budget deficit is something he has utterly failed in. He's a QE money-printing chancellor, how sad!
Poverty is on the increase, loans at not affordable interest rates are on the rise, unemployment has not gone down since May 2010, youth unemployment has risen...and he has promised austerity for years to come.
He has been told by many people: both British economists and the IMF, that without an economic growth plan, his whole project for the British economy is doomed to failure. Which it is!
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
alexander
on this [post we agree
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
I should hope so, Keith! Just about every economist in Britain agrees on this.
What I wrote there is common knowledge. They're all saying the same!
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Trouble is we have a serious problem
not only with the economy, but also primary schools bottom of the league tables in kent
plus much more
its all looking grim
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
The plot is lost, Keith. We need a Cabinet reshuffle without jokers this time!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Alexander. You don't even know who is responsible for QE - the Governor of the Bank of England, not Osborne. Monetary policy is dealt with by the BoE these days.
There are some elements of truth in what you say, though I suspect you don't know why!! QE, I agree is a failure and very damaging. Osborne has not done enough for growth, he should be cutting public spending a lot faster and deeper and cutting taxes including the top rate to below 40p and he needs a range of other supply side measures too like reducing red tape and the risks associated with employing people. Reforming the tax system too would help with low, simple and flat taxes.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
Whatever the truth of the matter on whether Osborne is any good or not..and there are doubts, he will most certainly be in place for the next election. There is no way on earth Mr Cameron would be able to remove his close friend chancellor half way through the term. Firstly he is short of close supportive friends by the look of it..what with his revolting backbenchers waving their proverbial daggers daily, and secondly for a Prime Minister to remove his chancellor mid term would be seen as a gross admission of complete economic failure. His political enemies would have a field day!
Cameron will sink or swim with Georgie boy.
Here is George Osborne getting a finger wagging from Labour Leader Ed Miliband yesterday during Prime Ministers Questions in the House. Miliband calls him the 'part time chancellor' but as you can see George is settled well down very comfortably in his front bench seat and aint going nowhere.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
whilst the games go on we all suffer
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email: dover7@msn.com
