UK set for triple dip recession.

[beorhthelm]

Banks don't seem to be lending the sort of money to allow growth and the timescales for major public spending projects are a couple of years away.

this is because both at a national and international level they are being given new regulations that require them to hold more cash or AAA/AA+ rated assets. yes, the governments tell the banks to lend at the same time they tell them to the hold back more reserves and also to invest more in government bonds which are tanking... its a mess.

as for Balls, we have to bear in mind his policy is the same as the Tories, he'll just do it slower (not as far, not as fast). so the current economic stalemate would just go on for longer. Neither party is offering any actual policies on how to encourage growth.

 

[Herr Tubthumper]

Retail has suffered badly which is always on the cards in a recession as people spend less.

And when an economy like ours is so reliant on retail you're f***ed. We really need to start making quality stuff to sell to the emerging economies, it's a no brainer so why are the government not doing anything noticeable to regenerate (or start) the manufacturing sector?

 

[Beach Hut]

And when an economy like ours is so reliant on retail you're f***ed. We really need to start making quality stuff to sell to the emerging economies, it's a no brainer so why are the government not doing anything noticeable to regenerate (or start) the manufacturing sector?

Because we can on compete on high engineering skilled manufacturing not mass production.

 

[Mancgull]

Well with the Olympics, probably.

Yes, you're right here. We have gone into recession due to two consecutive quarter drops in GDP (the formal definition of a recession). Q3 is very likely to show an increase in GDP compared with last year due to the stimulus of the Olympics. Therefore we'll formally be out of recession.Q4 will likely dip again and if the same happens in q1 of 2013 then we'll had a triple dip.still looking on the bright side the recession doesn't seem to have hit BHA season ticket sales!

 

[Mutts Nuts]

According to the Sunday Times, UK is set for Triple Dip recession.

Gormless Gideon and the Bullingdon Bullies are set to create another economic record and yet more social unrest.

All caused by B liar spending money we do not have to prevent an inevitable recesion that we normaly go through every 7 years

 

[Beach Hut]

All caused by B liar spending money we do not have to prevent an inevitable recesion that we normaly go through every 7 years

I wonder how many billions were spent looking for these weapons of mass destruction ?

 

[Herr Tubthumper]

Because we can on compete on high engineering skilled manufacturing not mass production.

I've said before we need to be making high quality white goods, cars, plant machinery which the emerging economies and their new middle-classes are hoovering up.

 

[Herr Tubthumper]

I wonder how many billions were spent looking for these weapons of mass destruction ?

one pound would have been too much.

 

[Herr Tubthumper]

I have been on here way too much today, I need to get a life...and some sleep. Good night everyone.

 

[slimes]

the only way we are going to go out of recession is for when the house prices drop at least 40% in a year,or we just wait it out for 15 years.all these countries that are far worse now will come out better and quicker.we will be stuck like this for many years .all thanks to gordon brown and letting half of europe into the uk

 

[Mutts Nuts]

I wonder how many billions were spent looking for these weapons of mass destruction ?

this as well the wanker should be locked up

 

[Mutts Nuts]

the only way we are going to go out of recession is for when the house prices drop at least 40% in a year,or we just wait it out for 15 years.all these countries that are far worse now will come out better and quicker.we will be stuck like this for many years .all thanks to gordon brown and letting half of europe into the uk

exactly what happened in the 90`s recesion,the 40% drop in house prices caused by 15 % interest rates on loans

 

[slimes]

exactly what happened in the 90`s recesion

it did ,and yes we were out of recession quicker. the banks wont let it happen this time(greed),hence were are going to see a generation of young adults lose

 

[Lord Bracknell]

I thought it was all the fault of the weather, but can't remember the details. Was it the drought? Or the rain?

Oh. And the fact that we took a Tuesday off, because the King died 60 years ago.