Britain now officially in double-dip recession

Ah the old, pretend we weren't really in recession the entire time, I think I already said what the tories did, they have put us in a better position for a recession that was 100% always going to happen due to the handling of the economy in the past 15 years, and specifically for how we "got out" of the last recession.

We FAKED our way out of the last recession, and by we I mean Labour, by borrowing more money and putting us in bigger debt, and increasing the burden of unrequired public service jobs that we could never at any stage afford.

Why haven't tories been able to do much to magically turn around 40 years of horrific economy planning in the UK? Do you really not know, a strong economy needs business, manufacturing, private sector making profit in this country, labour(and past tory governments) have destroyed this countries industry and left us with literally millions to many jobs in the public sector. Labour pushed up benefits and unemployment, and pushed forwards with many incredibly expensive plans to hide unemployement(like pushing as much of the population as possible into 4 years of extra education).

How much more would have been done by now if at every single cut that was absolutely needed to LESSEN OUR DEBT BURDENS, Labour hadn't pretending it wasn't happening. Labour put their heads in the sand, have no care for the economy or the future, they just want to be the "good guys" who wouldn't make cuts, they are campaigning to get in power, nothing more or less. If they cared for the economy they would have backed EVERY cut, made it much easier to slash the deficit by another 40-50billion.


This is where people just don't seem to get it, our economy is built on nothing, it was propped up by borrowing that is completely and utterly unsustainable, a "real" recession has ALWAYS been coming, the question was when and how bad. Labour's plan of keep borrowing more and more to keep buying our way out of one both, made the incomming recession worse, bigger, longer and their current plan is to... keep doing the same.

We've got Abu Dhabi, fully aware that their economy will collapse on the end of their oil supplies who for a decade or two have been investing all their profits into alternative worldwide industries that now have a massive and quickly growing turnover? When they saw one industry ready to disappear, they spent billions WHEN THEY HAD IT, on a NEW INDUSTRY. WHen Labour saw industry disappearing, they hid the unemployment by creating jobs we didn't need, that were paid too much, that unions have MASSIVE power over, and utterly screwed us. When you're making money in a healthy economy you PAY OFF DEBT so when the economy is going badly you AREN'T IN DEBT. What Labour did was when the economy was healthy they INCREASED DEBT MASSIVELY but spending money they never had, on the idea that economys will never ever get worse, they have always done the exact opposite of what we should have been doing. We should have paid off all debt, and then spent money we had on growing new industry, this would have put us in a hugely strong position for future world economic issues. Instead we let industry shrink, we increased public spending massively beyond our means, we got in heavy debt, we got a massive deficit, we got a massive public sector jobs increase, we got massive public sector wage/pension burden that we couldn't afford with our economy at its strongest, let alone now.

Everything Labour has done for the past decade has utterly boned us, completely, and their current plan is to continue making it worse.


Thats two spot on posts so far in this thread. One more and I am recommending you for selection as a potential MP ;)

My only slight difference in opinion is that manufacturing is not dead in the UK, there are some great success stories, take the car industry. Its just a shame we had to go scorched earth to the total industry and start from scratch to get to a point of global competitiveness. Blame who you want for that cycle, unions/labour/tories depending on your political views.

What we have is an unbalanced economy, not only is manufacturing weak but the city is too big. We need to get a balance back, 10 years ago most european nations were loling at Germany for their manufacturing base, I suspect every single other European government would currently kill to have that exact same manufacturing base.
 
Oh well, daft people will vote Labour back in and the idiots there can spend us out of another recession, again, that will result a few years later in the UK being plunged into a horrific recession of the likes America suffered last century, woo.

Here's the idea Scorza, we'd still be in recession under Labour, just with massively higher debt, massively higher deficit and be in a far far worse situation.

It's NOT about avoiding recession, its about riding the inevitable recession Brown put us on course with as well as possible, its that simple. The way to ride it as best as possible is with the lowest debt and lowest deficit they could achieve. Labour have faught tooth and nail at every turn to make cuts quick enough to lessen the blow of a recession while Labours plan was to continue spending to "fake grow" our economy........ WHICH WAS THE RUDDY REASON FOR IT IN THE FIRST PLACE.

Labours years of spending for artificial growth is what got this country in trouble, their plan of doing this again, and again and again is utterly flawed, have the conservatives got everything right no, have they done better than Labour did, without question. LIkewise without the idiots on the other side lying to the press and talking utter rubbish, had they helped come up with cuts and plans for more cuts rather than fighting every single cut and trying to make the other side look bad for every single cut, this country would be in a better place than it is now also.

You can't long term run a country the way Labour did, want to do now, and will do if/when they get back in power, and absolutely disgustingly, rather than admit their mistake, admit their ridiculous plan of propping up the GDP with borrowed money, they have the actual balls to make it more difficult to make the cuts that are absolutely needed?

Here's where Labour put us, a 3% shrink in construction output, a 0.4% manufacturing output reduction and a 0.1% growth(or was it loss) in the service sector averages out to a 0.2% loss overall.

That's right, Labour turned us into a service sector country, with no basis on manufacturing, construction or any world leading industry to rely on that is the entire reason our country is screwed, our economy is bad and Labour are utterly retarded. Their plan for fixing it, keep borrowing money we can't afford to borrow, to artificially create jobs that aren't needed in the public service industry, all the while shrinking the private sector and real "money making" industries.
Stupid post & I disagree entirely.

If you look at the Tory's history of equally high spending, favouring finance/service sector over industry & poor decision making - who to pin the blame on isn't as transparent as you make it appear.

Then examine the cause of the problem (our entire financial system, money based on debt, fractional reserve banking, both political parties gross incompetence).

But don't let me & reality get in the way of the massive Tory circle jerk in this thread.

I'll leave you all to masturbate each other in peace.
 
Stupid post & I disagree entirely.

If you look at the Tory's history of equally high spending, favouring finance/service sector over industry & poor decision making - who to pin the blame on isn't as transparent as you make it appear.

Then examine the cause of the problem (our entire financial system, money based on debt, fractional reserve banking, both political parties gross incompetence).

But don't let me & reality get in the way of the massive Tory circle jerk in this thread.

I'll leave you all to masturbate each other in peace.

wasnt it the tories in the 70s who wanted everyone to get an Access card and ring up the debt?
 
The more you tell people that ITS THE END OF THE WORLD OMG RECESSION (which the Media have been saying constantly for 3 years) the more fear people have and the less likely they are to spend what they have.

Media doom-mongering about recession is a self fulfilling prophecy.
 
images
 
Not sure why you are face-palming... what do you think QE is?.

(it's a stupid idea, but what she said is exactly what we are doing/have done).

If you knew her it would be funnier. Was more the way she said it, like it would solve all the issues and that would be it sorted.

No need to get all uppity on me being attempting to make a ligh hearted comment on a depressing thread.
 
Ah the old, pretend we weren't really in recession the entire time, I think I already said what the tories did, they have put us in a better position for a recession that was 100% always going to happen due to the handling of the economy in the past 15 years, and specifically for how we "got out" of the last recession.

We FAKED our way out of the last recession, and by we I mean Labour, by borrowing more money and putting us in bigger debt, and increasing the burden of unrequired public service jobs that we could never at any stage afford.

Why haven't tories been able to do much to magically turn around 40 years of horrific economy planning in the UK? Do you really not know, a strong economy needs business, manufacturing, private sector making profit in this country, labour(and past tory governments) have destroyed this countries industry and left us with literally millions to many jobs in the public sector. Labour pushed up benefits and unemployment, and pushed forwards with many incredibly expensive plans to hide unemployement(like pushing as much of the population as possible into 4 years of extra education).

How much more would have been done by now if at every single cut that was absolutely needed to LESSEN OUR DEBT BURDENS, Labour hadn't pretending it wasn't happening. Labour put their heads in the sand, have no care for the economy or the future, they just want to be the "good guys" who wouldn't make cuts, they are campaigning to get in power, nothing more or less. If they cared for the economy they would have backed EVERY cut, made it much easier to slash the deficit by another 40-50billion.


This is where people just don't seem to get it, our economy is built on nothing, it was propped up by borrowing that is completely and utterly unsustainable, a "real" recession has ALWAYS been coming, the question was when and how bad. Labour's plan of keep borrowing more and more to keep buying our way out of one both, made the incomming recession worse, bigger, longer and their current plan is to... keep doing the same.

We've got Abu Dhabi, fully aware that their economy will collapse on the end of their oil supplies who for a decade or two have been investing all their profits into alternative worldwide industries that now have a massive and quickly growing turnover? When they saw one industry ready to disappear, they spent billions WHEN THEY HAD IT, on a NEW INDUSTRY. WHen Labour saw industry disappearing, they hid the unemployment by creating jobs we didn't need, that were paid too much, that unions have MASSIVE power over, and utterly screwed us. When you're making money in a healthy economy you PAY OFF DEBT so when the economy is going badly you AREN'T IN DEBT. What Labour did was when the economy was healthy they INCREASED DEBT MASSIVELY but spending money they never had, on the idea that economys will never ever get worse, they have always done the exact opposite of what we should have been doing. We should have paid off all debt, and then spent money we had on growing new industry, this would have put us in a hugely strong position for future world economic issues. Instead we let industry shrink, we increased public spending massively beyond our means, we got in heavy debt, we got a massive deficit, we got a massive public sector jobs increase, we got massive public sector wage/pension burden that we couldn't afford with our economy at its strongest, let alone now.

Everything Labour has done for the past decade has utterly boned us, completely, and their current plan is to continue making it worse.

Undeinably the most accurate explanation, anyone who thinks otherwise is somewhat deluded.
 
The Labour party are behaving disgracefully in the House of Commons right now, shame on them. I would be terrified if they ever got back in power
 
Labour buried their heads in the sand for 10 years. The Tories created a lot of the mess in the first place. Who do we elect? One of those 2 parties, never anyone else. Who does the media blame when things are bad in 2012? The "Coalition".

The media are much to blame IMO, as well as the system that forces us to elect self-serving parties that are only interested in electability.

Personally, I don't think things are too bad for Joe Public right now. However I do think this is just the start of things to come, and possibly not just for Britain but many of the western economies.
 
The economy should be handled by an unbiased organisation, with governments making do with the cash they are assigned.
 
But don't let me & reality get in the way of the massive Tory circle jerk in this thread.

I'll leave you all to masturbate each other in peace.

You've got to love this forum at times. A multitude of actual experts say the Tory chancellor's plans will lead to a recession and present credible evidence for what he should do instead, the Tory chancellor's plans do lead to a recession and this forum's reaction is that it's all Labour's fault.
 
If you knew her it would be funnier. Was more the way she said it, like it would solve all the issues and that would be it sorted.

No need to get all uppity on me being attempting to make a ligh hearted comment on a depressing thread.

Don't worry, most of us know what you meant. Unfortunately though it's not funny, it's kind of sad! Your post sums up the problem with an electorate who don't know or care how their country is run, as long as it isn't affecting them right now.

Whether she was accidentally right about what has/is being done doesn't make any odds.
 
Oh well, daft people will vote Labour back in and the idiots there can spend us out of another recession, again, that will result a few years later in the UK being plunged into a horrific recession of the likes America suffered last century, woo.

Here's the idea Scorza, we'd still be in recession under Labour, just with massively higher debt, massively higher deficit and be in a far far worse situation.

It's NOT about avoiding recession, its about riding the inevitable recession Brown put us on course with as well as possible, its that simple. The way to ride it as best as possible is with the lowest debt and lowest deficit they could achieve. Labour have faught tooth and nail at every turn to make cuts quick enough to lessen the blow of a recession while Labours plan was to continue spending to "fake grow" our economy........ WHICH WAS THE RUDDY REASON FOR IT IN THE FIRST PLACE.

Labours years of spending for artificial growth is what got this country in trouble, their plan of doing this again, and again and again is utterly flawed, have the conservatives got everything right no, have they done better than Labour did, without question. LIkewise without the idiots on the other side lying to the press and talking utter rubbish, had they helped come up with cuts and plans for more cuts rather than fighting every single cut and trying to make the other side look bad for every single cut, this country would be in a better place than it is now also.

You can't long term run a country the way Labour did, want to do now, and will do if/when they get back in power, and absolutely disgustingly, rather than admit their mistake, admit their ridiculous plan of propping up the GDP with borrowed money, they have the actual balls to make it more difficult to make the cuts that are absolutely needed?

Here's where Labour put us, a 3% shrink in construction output, a 0.4% manufacturing output reduction and a 0.1% growth(or was it loss) in the service sector averages out to a 0.2% loss overall.

That's right, Labour turned us into a service sector country, with no basis on manufacturing, construction or any world leading industry to rely on that is the entire reason our country is screwed, our economy is bad and Labour are utterly retarded. Their plan for fixing it, keep borrowing money we can't afford to borrow, to artificially create jobs that aren't needed in the public service industry, all the while shrinking the private sector and real "money making" industries.

100% right - shame labour morons can't see it - thats probably why they think something can be solved in an little as two years.
the damage labour did will effect us for at least a decade or 2, no matter who is in power.
 
You've got to love this forum at times. A multitude of actual experts say the Tory chancellor's plans will lead to a recession and present credible evidence for what he should do instead, the Tory chancellor's plans do lead to a recession and this forum's reaction is that it's all Labour's fault.

Recession isn't technically a terrible thing anyway. Prolonged and steep recession is going to be nasty, but there is very little difference between 0.1% growth per quarter and 0.1% reduction per quarter and hence a recession.

Virtually all governments worldwide are approaching their historic overspending the same way by cutting back. You cannot keep borrowing more and more on the chance of growth, we have tried that and look where it has got us, not just the UK, the whole of Europe practically
 
Don't worry, most of us know what you meant. Unfortunately though it's not funny, it's kind of sad! Your post sums up the problem with an electorate who don't know or care how their country is run, as long as it isn't affecting them right now.

Whether she was accidentally right about what has/is being done doesn't make any odds.

She is only 14, don't be mad at her. :p
 
You all seem to be forgetting that when they came into power they said the fast and deep cuts would promote growth in the country, as he predicted in his 2010 budget : 3.3% growth in 2011 and 3.5% growth in 2012 - just LOL

Naysayers said no, it would stall growth and cause another recession.

I didn't believe in the conservative mantra being put forward - but said ok, lets wait to see what happens...and here we are a recession again.

Since cuts alone will never get us out of our deficit spending, it has to be done in conjunction with growth, so what ever it takes to promote growth and then reduce the deficit is what is needed....and this policy is not working.

And there are plenty of other countries who were in recession in 2008 that are experiencing economic growth now..
 
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