Britain out of recession - probably!

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
14/01/2010 11:41

BRITAIN will have emerged from its deepest recession since the second world war when official data is released later this month, with the economy showing modest growth in the fourth quarter after 18 months of contraction, according to a respected economic think-tank.



The economy, reports the Financial Tmes, is likely to expand by 0.3% over the three months through December, according to the National Institute for Economic and Social Research.



However, over the full calendar year of 2009, the British economy is likely to have seen a bigger contraction than in any year of the great depression and the largest annual slump since 1921, NIESR said

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
14/01/2010 13:28

if the tories win the election the recession will only be beginning no1.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
14/01/2010 13:36

No 1. As long as we have the Labour Party in Power the UK will always be in a Mess, Come on David Best Foot forward, He's an Oxford Boy you know.



Keith.

scoobydoo


Joined: 10/11/2008
Posts: 2434

Message Posted:
14/01/2010 14:08

Rowlo,



As long as Labour stay, Britain will not see the end of this mess!

jimmy


Joined: 15/09/2008
Posts: 251

Message Posted:
14/01/2010 14:08

education education education..................................



no more boom n bust................



illegal wars..............................



immigration..............................



100's of extra stealth taxes........



Chav's.....................................



Benefit culture ........................



House prices at ridiculous levels............. (many see this as a good thing - well the one's firmly on the ladder)



Biggest deficit in government spending ever & rising every month....................





The shit hasn't hit the fan yet cos the Labour party keep propping up the economy by printing money to keep the economy going. Can't be much longer before it fails.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
14/01/2010 15:03

Bill

Unfortunately the two real economic indicators are unemployment and property repossessions. When both of those figures are significantly reduced then the UK will be back on track.

AJ

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
14/01/2010 15:47

AJ. Problem with unemploment is that a large proportion of people out of work in the UK choose to be as Benifets are more atractive than working until this is solved unemployment figures will always remain high.

Repossesions are a problem made by the Banks by lending people more than they could afford measures are being taken to sort this but with Mr Brown dont hold out much hope.

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
15/01/2010 07:44

and another thing that disgusts me is that the Bank bonus's to a few financial terrorists will be far bigger than all the aid money donated to Haiti where hundreds of thousands may have died. How can you not be cynical.

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
15/01/2010 07:50

I agree as long as the labour are in we are in S** Street

sienna


Joined: 09/01/2009
Posts: 1627

Message Posted:
15/01/2010 08:40

well if you go into any shopping centre bar or restaurant over here UK there aint no recession plenty of money being spent and dinners being eaten its hyped up by the media - the company I work for has had the best year in 30 years so 'what recession' so far so good



Its all glooom and doom and you can talk yourself in or out of it - message exctly right some dont wanna work theres some kinda work if you want it !

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
15/01/2010 08:54

The ones that dont want to work for their payouts,should be made to do some work,in communities or even cleaning up litter etc!they should have to do something for it,that is able bodied i'm talking about not people that cant work,i think there is worse to come yet for the uks economy,no way are the uk out the water yet!

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
15/01/2010 09:37

they are only trying to buy your vote for the election .



the country after will slip deeper into some form of recession ,especially the back half of the year



who do we think is going to magic the cash for bailing out the banks ?allready talking of massive defense cuts etc .



my own view being in retail is after may the next 2 years will be very very tight



kav

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
15/01/2010 09:40

Should Labour remain in power to get us out of this mess?

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
15/01/2010 10:02

Yes sienna on a world scale UK is rich but the divide is bigger than ever between have and have nots (ironically under a Labour government) and the economic foundations are sand. Also much of the spending is debt spending supported by the Government. It is economics of the loony bin. It may go on this way for years but I don't give it too long before reality hits home when the stimulus billions fade and interest rates start to rise.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
15/01/2010 11:31

No 1 Doyen.No way they will take us even further into debt, Blair, Brown, Darling etc no more please.



Keith.

clarets



Joined: 08/01/2009
Posts: 752

Message Posted:
15/01/2010 11:37

As soon as labour lose the election,Britain will become a better place to live again. It may take some time, as they have dug us into a hole so deep,history has only one precedent.....the Great depression.