UK is "officially" in recession

Chimerical · 23 Jan 2009 at 14:38

Yay.

Happy days.

Pilky01 · 23 Jan 2009 at 14:42

mattheman said:
4 or 5 is a depression.

Not true.

DominicStar · 23 Jan 2009 at 14:48

mattheman said:
yes, immigration can be seen a one of the many factors in the chain of events thats lead to this recession, and no it not racist before you start going on about it.

OK, so how has immigration contributed?

The Dread Pirate · 23 Jan 2009 at 14:50

DominicStar said:
OK, so how has immigration contributed?

1.They came
2.They worked
3.They got paid
4.They went home

Chimerical · 23 Jan 2009 at 14:52

Capn' $qu!ff said:
1.They came
2.They worked
3.They got paid
4.They went home

5. They benefitted the economy?

I'd like to see any western country survive without any immigration.

mattheman · 23 Jan 2009 at 15:02

Pilky01 said:
Not true.

theres no exact def of a depression, but 4 or 5 negative gdp can be seen as partial def.

The Dread Pirate · 23 Jan 2009 at 15:02

Chimerical said:
5. They benefitted the economy?

I'd like to see any western country survive without any immigration.

5. They benefitted the economy while they were still here working after they go so do the benefits they bring to the economy

DominicStar · 23 Jan 2009 at 15:03

Capn' $qu!ff said:
1.They came
2.They worked
3.They got paid
4.They went home

You couldn't make it up...

mattheman · 23 Jan 2009 at 15:06

DominicStar said:
OK, so how has immigration contributed?

ok, immigration cause rents to rise, house prices rises, hardly any increase in wages over the past 10 years, meaning greater loans more mewing etc...

DominicStar · 23 Jan 2009 at 15:06

Capn' $qu!ff said:
5. They benefitted the economy while they were still here working after they go so do the benefits they bring to the economy

So what you're saying is, the jobs left the market at the same time as the people who filled them?

mattheman · 23 Jan 2009 at 15:07

Capn' $qu!ff said:
5. They benefitted the economy while they were still here working after they go so do the benefits they bring to the economy

there were no benefits, infact its cost this government money.

The Dread Pirate · 23 Jan 2009 at 15:09

DominicStar said:
So what you're saying is, the jobs left the market at the same time as the people who filled them?

No but the money that would be in the hands of UK citizens if the immigrants didn't come over has gone with them and I'm sure them leaving is taking more out of our economy than they put in when they came to work.

DominicStar · 23 Jan 2009 at 15:10

mattheman said:
ok, immigration cause rents to rise, house prices rises, hardly any increase in wages over the past 10 years, meaning greater loans more mewing etc...

The right to buy act and second home ownership has had a much greater impact than any of that. And hardly any wage increase in 10 years?!

cheets64 · 23 Jan 2009 at 15:10

I would say people who remortgaging there home to the hilt believing that a home was a financial piggy bank rather than bricks and mortar was more of a factor in the recession, not sure how it is in America but a lot of people in the UK lived beyond the means and spent huge amounts of credit on Range Rover Sports HSE etc. etc. Immigration was only small compared to British people ***** money up the wall, just go on Moneysavingexpert and look at the people in debt by 20-40k from loans and credit cards its sickening and they cant pay it back so its just getting wiped away.

mattheman · 23 Jan 2009 at 15:12

DominicStar said:
The right to buy act and second home ownership has had a much greater impact than any of that. And hardly any wage increase in 10 years?!

right to buy open the doors, 2nd home ownership wanted to cash in on the economic boom.

DominicStar · 23 Jan 2009 at 15:14

cheets64 said:
I would say people who remortgaging there home to the hilt believing that a home was a financial piggy bank rather than bricks and mortar was more of a factor in the recession, not sure how it is in America but a lot of people in the UK lived beyond the means and spent huge amounts of credit on Range Rover Sports HSE etc.

America had the same problems, but Bush brought in much more creditor friendly bankruptcy laws which exacerbated the problem when the bubble burst.

jrodga2k5 · 23 Jan 2009 at 15:14

I feel as if I beat the recession by keeping my xmas temp job and being made a permanent employee!

I win!

Rich_L · 23 Jan 2009 at 15:15

Depends, immigrants leaving also wont need healthcare or pensions when they get old, or have kids which cost money through education, so most of the tax they paid I imagine they won't see any benefit from.

mattheman · 23 Jan 2009 at 15:15

cheets64 said:
I would say people who remortgaging there home to the hilt believing that a home was a financial piggy bank rather than bricks and mortar was more of a factor in the recession, not sure how it is in America but a lot of people in the UK lived beyond the means and spent huge amounts of credit on Range Rover Sports HSE etc. etc. Immigration was only small compared to British people ***** money up the wall, just go on Moneysavingexpert and look at the people in debt by 20-40k from loans and credit cards its sickening and they cant pay it back so its just getting wiped away.

immigration was the one of causes,

Chimerical · 23 Jan 2009 at 15:16

mattheman said:
ok, immigration cause rents to rise, house prices rises, hardly any increase in wages over the past 10 years, meaning greater loans more mewing etc...

Dunno how they caused house prices to rise. If you take the typical Eastern European stereotype working as a plumber, then I hardly see how they're living in nice houses.