Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#1
mervin king the boe boss has stated yesterday that the uk has zero growth for the forseeable future,with the the 2 dinosuars in charge who are to adapt or change i can see where he is coming from.coupled with uncertain markets and gpds decreacing and with no one speanding or lending,it seems that the whole world is getting the jitters.time for a globel plan b me thinks.
ps,barryw,i will not accept brown,blair or the eu as am excuse.ok.
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
#2
Thankfully the Chancellor is going to give "110%" attention to the economy. Are we sure he is the man for the job?!!
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#3
Gawd laughed out loud at that one.
But yes Merv has painted a very gloomy picture with no prospect of good times on the horizon. And Brian is right we can no longer keep blaming this guy that guy or even the EU.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
Mervyn King did just that PaulB - he said that this is down to the damage caused by the Eurozone crisis. The reasons why are very important.
That said, it is not an excuse for Osborne not to push ahead with the supply side reforms that are necessary and needs to ignore the LibDems who have been blocking them.
The Eurozone is set for a turn for the worse, by the way, and the Conference season could well be dominated by a renewed crisis. Let us hope this time they grasp the nettle and stop just applying plasters.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#5
barry,barry,allways trying to blame some one else,and not where the blame really stands.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#6
if you think we have a problem with low or no growth, the eurozone are not helping.
http://www.telegraph.co.uk/finance/debt-crisis-live/9462653/Debt-crisis-live.htmlGuest 714- Registered: 14 Apr 2011
- Posts: 2,594
#7
Bald men arguing over a comb.
We have too many people and too much debt, theres not a politician in sight who can resolve it.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#8
Brian - I quoted Mervyn King and what he said is born out by todays trade figures.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
#9
You can blame who you want to or quote who you want to, BarryW, the majority will be cherrypicked by you and only be opinions, not fact.
I do have to agree with you though about the LibDems holding the Tories back, things would be much worse if they were left alone to fullfill their ambitiions to Lord it over the rest of the country.
Of course, that is only in my opining and might not be a fact.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#10
barry,it was only a mere mention along with the rest of the world as he all so qouted.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#11
GaryC
My economic commentary is based on informed professional knowledge and that is the difference to most people. I also differentiate between facts and opinion. The facts are the specific events and actions that have brought the economy to it current state and opinion is what we should be doing about it.
Incidentally - I have full confidence in my opinion and have reason to be as a result of my professional knowledge.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
#12
You are economic with many things BarryW.
In #4 you forgot to add " tough austerity measures and tight lending conditions" to Mervin Kings "the eurozone" as reasons for this mess we are in.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#13
The telling thing about todays figures is that its not just the Eurozone anymore. The rest of the world, places like Australia and so on have bucked the slump and recession, but still the UK's trade figues with countries like Australia and the rest of the world have fallen considerably.
"Exports to non-EU countries fell 9.6% to £11.9bn, according to figures from the Office for National Statistics" said the BBC today.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#14
The Eurozone is having a world wide impact and as they are our major trading partner we are more severely affected than others.
Nobody is denying the austerity measures Gary. The reason for these is the enormous deficit the UK started the recession with. If we had some sensible economic management we would not have had a deficit in 2007 when the slowdown started and austerity measures would not be necessary. The economic effect of not cutting excessive revenue spending would be more damaging than cutting given the starting point we were at. Would you really like interest rates to be shooting up and capital to be feeing the UK as is happening in other countries that went spending mad when they should have closed their deficits?
Tell me - in what part of the economic cycle should deficits ideally be closed? If that is not done then what are we left in? The brown stuff is the answer which is the position we were in due to economic mismanagement by 'I banned boom and bust' Brown.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#15
Oh, PaulB - yes Australia is among those who I too have quoted in the past who are in a better economic condition than we are. Look closely at their economy and you can see why. As I have said before we are only suffering as badly as we are due to the impact of the massive state burden that is placed on businesses.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#16
india have just announced an unexpected drop in output, not surprising given the fact that their main markets have no money to bu their products.
it really is a global economy now, each country dependent on other countries.
the next ones to announce bad figures i expect will be brazil and russia, the former are hosting the next olympics too.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
#17
I have had to cancel my HD contract with sky today, another £10 a month I can put towards my utilities.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#18
and not forgetting china,there gdp has droped as well.
barry,told you once stop blaming brown,you have a yellow card for mention him in your post.the next one will be a double red.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#19
Oh gawd blimey, now barryw turns his attention to the lib dems
its all there fault.
we have had a world crisis, we are all waiting with baited breath as to what the cobbled together govt will be doing to get us into a more secure level.
sadly though its clear not much change till gone 2016
help
but of course barryw is the expert
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#20
Yes not long now, till the utopian word of the public sector gets the chop