UK economy suffers 0.5% contraction

Trust the Tories to blame the weather :)

But of course, keep honeymooning with them, as many of you still currently are.

We'll stay with them until the sex begins, wouldn't want to go back to that tired old **** that was in bed for the past ten years. You don't know what you’d catch.
 
Let me make a prediction, By the end of this year public confidence in the CONDEM government will be at an all time low, Everyone will probably be wanting another election but cameron/clegg and their cronies will not budge and us being British won't actually do anything about it (the same that no one wanted brown as prime minister but he didnt seem to take heed).

I for one wanted Labour to stay in (with a new leader), I believe that a lot of voting was done through media "hate" campaigns against labour and a large amount of the voting demographic rode that horse into vote for anyone but labourville. I honestly believe that changing a government whilst in this situation was a mistake, It seems the current government are trying to put as big a dent in the deficit before their 5 years is up, I believe they are taking a massive risk just so IF it works at the end of the 5 years they will be re-elected, I believe Labour would have "eased" us into it without causing as much panic as "SEVERE" cuts seem to be doing, I did read somewhere that we have 14 years to get the Deficit under control (not sure if this is factual though).

Anyway this is my belief.
 
The longer we have tories in the stronger the economy will be before Labour come in and spend our way out of problems, but right into a much bigger problem several years later. Thats what they do, we do NOT have 14 years to get the deficit under control.

Labours truly epic plan was to instead be 1.5trillion in debt in 4 years, to be 1.4trillion in debt and thought this was insanely good. We're 1 trillion in debt now(or when they suggested this) and thought increasing the debt by almost 50% in 4 years was a great plan.

Labour are woeful, they give everyone what they want, whenever they ask for it, they have literally no care or responsibility for the long term. Our government for several decades is based on a cycle, Labour spend us into trouble, give everyone what they want, load up the countries "credit card", plunge us into uncontrollable spending, over tax people, lose jobs, business, increase the numbers on benefit and public sector jobs which don't generate money.

Then Tories come in, act as the bad guys, cut spending, get the country under control, get us on a not sound, but a safer financial footing then the country, upset at their lack of benifits and ridiculous overspending vote Labour back in to make it worse again.

The current government HAS to put as big a dent in the deficit as possible in the next 5 years, because its ridiculously big, completely unstable and causing massive problems.
 
If you really want to win this "who supports the biggest bunch of *********" contest, you should trot out how many manufacturing jobs were lost under labour, how our exports fared under labour, how many shops, pubs and car manufacturers closed under labour, and how many actual unemployed people they left behind even after they tried to hide loads of them in expensive non jobs.

Then lets talk about the artificially inflated housing market they created and the ******* great big mess that has left behind.

Ah, what are the chances that he will either ignore your reply or conveniently turn it around to favour his own biased argument? :confused: ;)
 
The current government HAS to put as big a dent in the deficit as possible in the next 5 years, because its ridiculously big, completely unstable and causing massive problems.

Except that they won't because contrary to popular belief here, there are two sides to the deficit - spending and income. The problem is that we are spending more than we have in income, so the government are cutting spending (fair enough) but they are totally ignoring growth as confirmed by the outgoing head of the CBI. The deficit will not significantly shrink unless sustainable growth returns.

Anyone would think the government actually want to create a huge reserve of labour through mass unemployment...
 
If Labour had stayed in then they would have stayed as 'New Labour'. Admittedly from what they've done so far, they aren't much better now. If we have a system wherein all three parties are essentially the same when they are in power, and none of them represent any majority of the population, then we have a system that isn't worth having.
 
The weather? What 2 or so weeks of snow? :(
i know what a joke for the most part people were spending as they would have anyway just they might have had slight delays on purchases...

omg the snow the snow how will we do our christmas shopping i guess we will have to tell the kids santa couldnt make it this year...

RIGHT... maybe a few old biddies couldnt pop to the bingo as usual... everyone else got on with it
lets face it most people have to be very careful what there spendin these days its not that they dont want to spend its that they cant afford to anymore.

electric bills are going up like crazy
 
i know what a joke for the most part people were spending as they would have anyway just they might have had slight delays on purchases...

omg the snow the snow how will we do our christmas shopping i guess we will have to tell the kids santa couldnt make it this year...

Although the snow isn't the sole reason for the contraction (and a bit silly to blame it really), it also stopped a lot of people getting to work so isn't just about Christmas shopping. Some regions also had a month or so of snow rather than a week as well.
 
i know what a joke for the most part people were spending as they would have anyway just they might have had slight delays on purchases...

omg the snow the snow how will we do our christmas shopping i guess we will have to tell the kids santa couldnt make it this year...

RIGHT... maybe a few old biddies couldnt pop to the bingo as usual... everyone else got on with it
lets face it most people have to be very careful what there spendin these days its not that they dont want to spend its that they cant afford to anymore.

electric bills are going up like crazy

You do realise its not just people going into shops for a few days. Did you know in Scotland for 1 day there was almost no one in work in the central belt, no money being made by companies. Look at all the flights were cancelled over many days, not everyone would have flown on, these are huge, huge amount of lost business.

I have no doubt knowing how much business it cost my company in december, that the weather was the major factor.
 
You do realise its not just people going into shops for a few days. Did you know in Scotland for 1 day there was almost no one in work in the central belt, no money being made by companies. Look at all the flights were cancelled over many days, not everyone would have flown on, these are huge, huge amount of lost business.

I have no doubt knowing how much business it cost my company in december, that the weather was the major factor.

The weather was NOT the factor, the factor was the pathetic council response to the weather.

The weather we actually got was fairly minor.
 
0.5% is now firmed at 0.6%.

Double dip recession here we come.

Yup the important bit is that the effect of the weather is estimated to account for 0.5% of the contraction, meaning that the ONS thinks we would have suffered a 0.1% contraction even if there was no weather disruption in December.
 
Recessions are great if you have a safe job and a mortgage.

I'm hoping there is another recession as then interest rates will stay low woop woop.
 
Recessions are great if you have a safe job and a mortgage.

I'm hoping there is another recession as then interest rates will stay low woop woop.

Whilst I too like the low interest rates, I'm not convinced that a double recession is particularly good for the rest of the country :p
 
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