Britain now officially in double-dip recession

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.

Clearly you have a warped sense of history or you are too young. It was the tories who turned us into a service industry as part of Thatcher's plan to squash the power of the unions by squashing the size of industry.

All the great industries of this country had a strong union presence; Thatcher gambled that by getting rid of them she would also limit the power of the unions to bring the country to it's knees, much like what happenened in the seventies.

Labour under Blair and Brown was a continuation of the Thatcher project but with a massive redistribution of wealth (i.e. from borrowing) to support an over generous benefits and tax relief system.

The tories did this as they assumed that an office worker working in finance is more likely to vote Tory that an engineer working in a steel works. Labour did it assuming giving people handouts would ensure a Labour voter.

The only difference between the parties is their strategy for manipulating the population to ensure their own political classes survive. They should be all rounded up and shot, not one is trustworthy. Political parties need to be removed from government completely.
 
Why people bash each other for their views and opinions on the political different parties baffles me.

Either which way you look at it, ANY political party in charge right now would have seen this happen. There is no magic wand or quick fix for the problem we're in, it is as many have said, something we just have to make the best of, and go with it..

The differences in the top three political parties these days are so slim I can't imagine one doing a better job than the other, they're all run by the same posh boys with privelged backgrounds who in all honesty probably don't care..
 
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Either which way you look at it, ANY political party in charge right now would have seen this happen.

You can't say that with any certainty, who knows what would have happened. All we can do is comment on what has happened with the policies that were enacted.

There is no magic wand or quick fix for the problem we're in, it is as many have said, something we just have to make the best of, and go with it..

No, there isn't a magic wand. But other countries who were in recession with us in 2009 are now experiencing growth, so it can be done...
 
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..

True, but to be fair it was impossible to predict that the Euro issues would still be unresolved to this day. Go back 3 years no one would have predicted we would be where we are now.

Do you honestly think its that easy for a government to promote growth with the set of circumstances we had/have? We cannot live in a bubble and expect to vastly differ from the global average, its just impossible to achieve.

One thing is for sure, borrowing more and more for longer and longer will sooner or later get you to the point where someone calls your bluff and says you cannot afford to pay this back.
 
Clearly you have a warped sense of history or you are too young. It was the tories who turned us into a service industry as part of Thatcher's plan to squash the power of the unions by squashing the size of industry.

All the great industries of this country had a strong union presence; Thatcher gambled that by getting rid of them she would also limit the power of the unions to bring the country to it's knees, much like what happenened in the seventies.

Labour under Blair and Brown was a continuation of the Thatcher project but with a massive redistribution of wealth (i.e. from borrowing) to support an over generous benefits and tax relief system.

The tories did this as they assumed that an office worker working in finance is more likely to vote Tory that an engineer working in a steel works. Labour did it assuming giving people handouts would ensure a Labour voter.

The only difference between the parties is their strategy for manipulating the population to ensure their own political classes survive. They should be all rounded up and shot, not one is trustworthy. Political parties need to be removed from government completely.

correct,the trouble is with many on here they are to young to understand what thatcher did to the working class man of this country.
 
How anyone expects to fix years of spending in 2 years is baffling, they said from the beginning it'll be painful (as well as unpopular), but it all takes time and to be frank we should be worrying about ourselves and our family, money is tight not just in the government but in peoples homes, I expect the Gov. to do what it can to help growth etc but I don't expect it done in 2 years, in the mean time its all about protecting your own pocket! (although not spending lends itself to further recession, we have to find a balance and ride it out slowly.)

Although I do concede that DC & Co. have handled some things awfully, BSkyB deal (& hacking), the Home Secretary's failings et cetera. Certainly not helping their public image, which unfortunately is important in this fickle world, a confident government helps easy potential unease in markets, take the euro 'crises' for example.

To be fair also, that clown in the opposition waffling about the decisions the Gov. are making, when he won't stand up for what he believes in or make comments about what he would do instead is laughable, all he does is nick-pick at the current paper talk topics to scary the general public.
 
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.

At the end of the day, one thing that is undeniable is, that while the Tories have tried to re-structure the debt, they have made absolutely zero plan for if the Country drops back into a recession. They've promoted nothing because they are withdrawing investment.

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.

I agree 100% but to just raise this so laterally, but why were the cuts loaded top end heavy? For example, the first year had for most departments the heaviest swing of cuts with the least coming in the final year of Parliament. It surely, would have made more sense to have the heaviest cuts toward the end of Parliament, thus giving the maximum amount of time for departments to be able to identify their own savings, i.e. going digital, reducing contractors etc... from the "poor mans point of view"... why not give them plenty of time to identify savings... you know, much like how the Government has given the "rich" 3 or 4yrs to move their cash from Tax havens in Europe? It would make a practical sense. A Business that just slashes and burns will inevitably over a few years start to go down the tube... my last employer for example.

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.

It is, i agree. Its just like i actually argued in 2010 when the Tories came in... unemployment will rise massively (now proven). The UK will go back into a recession within a couple of years (now proven). I argued that by having investment put into the country (like the US, Germany, France etc) it can avoid a recession. Consumer confidence is what makes an ecomony. How much Labour would spend is open to debate.

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?

You certainly can't. But equally you can't cut the opportunity of the young can you? The young are this countries future. EMA is gone, its replacement is a joke and a shamble of a system that is only beneficial for a tiny percentage. University fee's sky rocketing, according to the figures a 20,000 fewer applicant count that will continue to rise. The most sensible thing i've probably ever heard a scouser say was the head of the Student Union (you best friends from the tone of your posts), who said that "after a recession, investing and supporting the young at College and University is the fabric for success... the Government is making a massive mistake here"...

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.

Lets see where the tories put us at the end of Parliament shall we?

What i've recently discovered is that the latest round of QE (£50bn) could fund in full:
- 9million Apprenticeships in full
or
- 2million University 3yr Courses in full

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.

Well... if you are arguing about the negatives there. It only seems to be supermarkets taking on. In fact i'd argue that if there were 100 jobs going as a proportion supermarket positions would occupy 30 of those. And to draw light to your last part: money making industries... Cameron's buddies in Private Business are not keeping to their end of the bargain in taking on people are they... you can imagine at one of his £250,000 premier league dinner meetings a few years ago now... we'll cut your tax on your business we'll cut your tax for you (50% to 45%) but you must hire some of the 400,000 workers we're planning on sending down the tube... around the same time (boy) George was sitting down to the Bilderberg meal with these titans... "Yes! David has a plan for these people... you are going to take them on"... "Really?"... "Yes, really. And, whats more we're looking to ensure that you Mr Klein have an opportunity to gain money through the NHS"... "We will talk some more"...

Its quite ironic that even now, these private individuals are not keeping to their end of the bargain. I seem to recall Cameron or Osbourne predicting that the private sector will pick up in 2012 and recruit vast numbers of people (in the hundreds of thousands)... but again Business isn't playing ball.

One thing to consider and realise is that a Country needs to have investment whether it is in recession or in a boom. I believe you used Dubai as a case in point. Its housing bubble has burst (and burst even during the Contruction phase)... its even now unspoken there... but there is vast debt and the plans for some super projects are still being given the go-ahead.
 
correct,the trouble is with many on here they are to young to understand what thatcher did to the working class man of this country.

Not a lot, the unions had to be broken. They made themselves un-economical and paid the price. We still have a large industrial sector. It's just wages aren't low enough to make coal or make cheap products.

If labour hadn't created so many pointless jobs and wasted money, we could have borrowed money when we actually needed it. It's like maxing a credit card out in good times. Then wondering why we are so ****** when we hit trouble and need credit.

Not that torries are perfect or even good. But they do manage it better than labour.

As for other countries not in recession, well some are some aren't. It depends on what GNP sectors they have. What debt they had and such like you can't say other countries are doing well, so we should be. Take Australia barely felt it, but we can't copy them. We don't have low population with huge natural resources.

Conservatives however should be spending more on emerging markets like renewable energy. Not only creates usefull jobs and provides a resource we need. It also gives us the expertise and manufacturing to export around the world.
 
You can't say that with any certainty, who knows what would have happened. All we can do is comment on what has happened with the policies that were enacted.

You can't honestly see any of the other two parties dealing with the situation in any better way (not siding with tories here) can you?



No, there isn't a magic wand. But other countries who were in recession with us in 2009 are now experiencing growth, so it can be done...

What sort of growth level though. Granted.. growth is growth but is that only to a level where you're still 0.5 points away from negative growth. Let's also not forget our economy is completely reliant on Europe, and thats also going down the pan. What country are you speficially refering to, and are they really comparable to the UK?
 
So what, blips come and go and we are doing ever so slightly worse than predicted. This may even be a blip of blip as the real picture will not be known for a few months. If anyone expected us to be out of **** creek with constant plan changes or a magic fairy waving a wand then they are just deluded.

No one expected us to be out of **** creek by now, that is not what is being talked about.

When the Tories came in, Osbournes plan was to do the cuts hard and fast to promote growth, which was predicted to be 3.5% by 2012. It was this growth, combined with the cuts that would see our deficit reduced/removed by the end of the 5 year parliament.

I and many others said, why do it so fast, why not cut slower, don't take the risk and look to remove the deficit in 10, 15, 20 years time..look at it like a mortgage and not a credit card.

So, here we are...back to a technical recession and without the growth that was expected, the deficit is getting bigger not smaller. So, I think we can justifiably look at Osbournes plan and think...it's not working.

And when people say you couldn't have predicted what has happened....err, that's exactly what his job is, many businesses make long term financial plans over years, corporations over decades...and guess what, when external factors change or the plan doesn't seem to be working, you change the plan.
 
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

GDP is 0.5% below where we were 6 months ago, what do you think happens to the debt and the deficit, which is expressed as a percentage of GDP if GDP goes down? Technically it's awful, which is why we're more likely to lose our AAA credit rating, which Osborne has staked his reputation for competence on, as a result.

No one has said that spending shouldn't be cut, they have argued about what should be cut, when and by how much. There are much more credible plans than the one the chancellor has adopted. You cannot cut your way out of economic turbulence, you need growth and it's this one fundamental of economics that the chancellor doesn't seem able to understand.
 
[TW]Fox;21763030 said:
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.

^This. Agree. It's all about the "race to the bottom" in the majority of stupid Joe Public' mind who actually believes the clap trap being pedalled week in, week out. When they are told it often enough then they are more likely to accept without question anything austerity measure wise the government care to come up with.
 
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

The concept of an ever expanding, exponentially growing economy as being sustainable is a fallacy. All money eventually goes back to the bank plus some as debt anyway, this ever growing economy is what is technically needed to keep the system running and the banks happy.

So the markets go up and down, borrowing is cut, businesses go bust, large financial institutions aggressively capitulate and takeover large sectors of the defunct market during these recessions which the 'media' seem to place such a large emphasis on. As more 'money' is made from the eventual sell off of these devalued commodoties/limited companies back to the same institutions and governments they bailed out in the first place, larger and larger amounts of money filter up to the top. One of the side effects of this is QE, money made from money, or essentially nothing, by these large financial companies, hence inflation and rising living costs for the common person.

In the past decade the gap between the rich and poor has increased massively, and this gap is the highest, in the UK.

Everyone whos shouting herp derp tory this, herp derp labour that, you are as bad as the politicians themselves. The issue is not political parties or your own personal alignment or whichever party you think is to blame, its the whole bleedin financial system which is broke.
 
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