UK economy suffers 0.5% contraction
- Thread starter Duke
- Start date
Hmm I suppose.
What I should say is I have no faith in either political block to overcome this.
The conservatives will not get near it in this term anyway.
Pretty much my thoughts, the vast majority of people haven't been affected that much, and all these horror stories only cause people to restrict their spending in case of worse times
Which jobs would that be?
Looks like the UK is heading toward another recession
Maggie thatcher will be angry at David Cameron... because he did it faster then she did
Lol, do you have the memory of a goldfish? I'm not saying the torys have done things perfectly, but they really aren't to blame for this as they haven't had time yet to sort out labours mess.
this is whats wrong with the our place.
managers dont seem to do much to organise the work and then the lower down employee's organise and actualy get whats need doing rather than the people who get 3 times the pay and huge bonus, just seems so unfair.
I've got the attitude in work now just do the least i can do and sod it. company just seems to take the mickey at every turn and you dont get a decent wage for doing your job.
When i first started i would work as hard as i could for as long as i could and was kinda proud of where i worked, now after 2 and half years i just plod along.
can't go into detail of who the employer is really sorry for being so mysterious, just its in our contract not to disclose things and basicaly give a negative imagine of the company. which is why last time we had camera crews in the building we was all told not to talk to the reporters other wise we would see disciplinery.
Permabanned
- Joined
- 25 Oct 2004
- Posts
- 9,078
The whole thing about the weather causing it is total pap, if the weather had been the only reason then there would be no increase or decrease but a steady line. A drop like this only fuels the fears of a double dip recession which is more than likely going to happen following the huge public sector cuts all happening around about now.
I know the funding for one of my contracts is pulled at the end of March, thankfully though its only a very minor contract so the financial loss won't have much of an impact at all on me, but still I know several friends who will be in the dole queue come April because of cuts and they all provide vital services which will be very much missed.
I know the funding for one of my contracts is pulled at the end of March, thankfully though its only a very minor contract so the financial loss won't have much of an impact at all on me, but still I know several friends who will be in the dole queue come April because of cuts and they all provide vital services which will be very much missed.
Soldato
- Joined
- 24 Nov 2002
- Posts
- 16,379
- Location
- 38.744281°N 104.846806°W
Wait. What?
Funny how the Conservatives were happy to take the credit for the economic growth in Q2 and Q3 2010, and saying it shows it's the right time to cut fast and deep despite warnings from Labour and other economic experts to the contrary. Oops. Will the chancellor now admit he's out of his depth?
Soldato
- Joined
- 20 Jun 2010
- Posts
- 3,251
Ahahhahahahaha blame it on the weather. I laughed myself silly when i read that headline. Isn't this supposed to be the warmest year on record or something silly like that.
But no, its the weather. Yeah thats it. The weather. * sharks angry fist at sky*
But no, its the weather. Yeah thats it. The weather. * sharks angry fist at sky*
do a google for UK job cuts and you will see vast amounts of news articles
They are being cut to more or less levels that we had about 10 years ago, i.e. enough to make things work without the bloat. In the long term it is a good thing.
Permabanned
- Joined
- 22 Feb 2010
- Posts
- 1,629
well a reccesion wont bother me.. Im a student and will be for 3 more years.
couldnt care less tbh. it will fix itself
couldnt care less tbh. it will fix itself
Caporegime
- Joined
- 18 Oct 2002
- Posts
- 33,188
No it wasn't.
It didn't help trying to manage or mitigate the impact.
However, Labours public spending did not create a world wide financial downturn.
They aren't that inept.
Yup. Lap it up.
No Labour didn't cause the worldwide financial meltdown, that was dozens of countries borrowing money they shouldn't have borrowed to prop up failing economies due to loss of jobs abroad.
Lots/most first world economies have been losing production jobs, building real products, or doing simple things like mining, and exporting to the east, and we've been pretty much consistantly replacing jobs that generate money, with jobs that move money around, or just move paper around for the sake of having another job.
The increase in borrowing by all the major countries that led to the banking collapse was caused mostly by the borrowing becoming out of control.
There were MANY reasons for that, mostly the vast change in the types of jobs we've based our economies on for years.
As we borrowed more and more, and it stretched less and less far, our governments "encouraged" shall we say banks to be more lenient in their loaning practices, to try to encourage the general population to keep spending, and to keep houses being sold, and built and etc etc.
The world economy simply never, ever, ever comes close to adding up, pensions are a painfully obvious point to this, you've got making up numbers 2 million pensioners but they are being paid by currently 30million people paying into pension schemes. In 20 years we'll have 3 million pensioners and we'll want 45million paying into pension schemes to keep up, etc, etc.
The world economy is completely unsustainable, randomly borrowing from China, and other places, it still doesn't add up. Its all controlled madness with an entire financial system based on world governments just looking the other way at the very top when the numbers don't add up.
Its pure madness, the thing is, it never made any sense, at all, will it all completely collapse one day, or will we go on pretending somehow it does add up and just fake lend everyone money as and when we need to?
Soldato
- Joined
- 20 Jun 2010
- Posts
- 3,251
Actually, labour spent a huge amount of time and resource developing new and enterprise business to prevent the very thing we are experiencing now. That was the point of the election, oh hypocritical goldfish yourself. Brown - spend money to make money, Cameron - Cut now to save later