Back in Recession Options

[Jayjay]

http://uk.finance.yahoo.com/news/uk-slides...-083031693.html

Very bad news.

[Grumpy]

http://uk.finance.yahoo.com/news/uk-slides...-083031693.html

Very bad news.

You ain't seen nothing yet. The brown stuff is set to get smellier and deeper.

[Bloggo]

You ain't seen nothing yet. The brown stuff is set to get smellier and deeper.

It is of course a possibility but what makes you say that?

[NWNREADER]

http://uk.finance.yahoo.com/news/uk-slides...-083031693.html

Very bad news.

I don't say it is good news, but when the issues are around .1% I do not see death and destruction. In addition, the prime impact is coming from the Eurozone issues, which are totally outside our control. Indeed, some say the forthcoming French elections could lead to a furore that will make Greece look like a day at the races.....

[Andy Capp]

It is of course a possibility but what makes you say that?

The full impact of the cuts are yet to take affect.

[andy1979uk]

The full impact of the cuts are yet to take affect.

The cuts should infact help us out of recession by saving public spending. In my opinion they have not cut nearly enough on Welfare.

[Bloggo]

The cuts should infact help us out of recession by saving public spending. In my opinion they have not cut nearly enough on Welfare.

I agree with that.

[JeffG]

According to the news, there has been modest growth in most sectors, apart from the construction industry, which at -3% has dragged the overall figure below the line.

[Andy Capp]

The cuts should infact help us out of recession by saving public spending. In my opinion they have not cut nearly enough on Welfare.

Well cuts have helped put us in it, so I'd like to think so. The problem with the welfare cuts are that a large amount of people will be made destitute.

[Bloggo]

Well cuts have helped put us in it, so I'd like to think so. The problem with the welfare cuts are that a large amount of people will be made destitute.

It's complex and provactive and some will really be worse off but there are those that are exploiting the benefits system and perhaps will have to cut down on their beer and fags.

[andy1979uk]

It's complex and provactive and some will really be worse off but there are those that are exploiting the benefits system and perhaps will have to cut down on their beer and fags.

You also have the huge tax credits bill, thousands of families having 4+ kids with no way to support them without their generous tax credits payment each month. Daddy works in tesco, mummy stays home full time and they claim child tax credits, working tax credits and end up as well off as people who much higher end jobs.

[JeffG]

mummy stays home full time

Nothing wrong with that. Used to be the norm.

[andy1979uk]

Nothing wrong with that. Used to be the norm.

If they can afford to stay home without a huge handout in tax credits then thats fine, when you are collecting more in tax credits than you pay in tax then clearly we have a situation is'nt sensible.

[Bloggo]

Nothing wrong with that. Used to be the norm.

It was also the norm for women to go out cleaning in the evening to help pay for the children that they had. Many also did piece work at home whilst they looked after the kids.
Fathers were also expected to stay around and support their kids.
It's too easy to push out kids and expect the state to pay for their care and upbringing.
There needs to be a change of thinking from both goverment and society.

[Andy Capp]

You also have the huge tax credits bill, thousands of families having 4+ kids with no way to support them without their generous tax credits payment each month. Daddy works in tesco, mummy stays home full time and they claim child tax credits, working tax credits and end up as well off as people who much higher end jobs.

If they can afford to stay home without a huge handout in tax credits then thats fine, when you are collecting more in tax credits than you pay in tax then clearly we have a situation is'nt sensible.

It was also the norm for women to go out cleaning in the evening to help pay for the children that they had. Many also did piece work at home whilst they looked after the kids. Fathers were also expected to stay around and support their kids. It's too easy to push out kids and expect the state to pay for their care and upbringing. There needs to be a change of thinking from both goverment and society.

I think a greater problem than all that, is a decline in meaningful work, compared to the halcyon days of yore.

The rot started as yearly as the 70s with the housing price explosion. Our housing policy on its own has helped screw this country, that and access to unsecured credit.

While some of the detail above might be true, it is way too simplistic, and doesn't make anything right.

[dannyboy]

If you cut welfare payments, then there will be less money being spent within the economy.

[Newbelly]

If you cut welfare payments, then there will be less money being spent within the economy.

And welfare payments have to be funded by taxation or borrowing. High taxes do not equal growth and interest on borrowing cripples the economy too.

[Cognosco]

http://uk.finance.yahoo.com/news/uk-slides...-083031693.html

Very bad news.

Just think what the figures would be like if Dave and Co had not made everyone dash to purchase petrol and Diesel before the end of March by ordering people to hoard petrol? Even though there was no strike planned on the nearest horizon. Millions extra was purchased so if you take that figure into account then were really are in a serious recession.

[dannyboy]

And welfare payments have to be funded by taxation or borrowing. High taxes do not equal growth and interest on borrowing cripples the economy too.

There is only so much one can buy oneself.

Far batter to tax those with & give it to those without. The less well off tend to spend more too.

[dannyboy]

Just think what the figures would be like if Dave and Co had not made everyone dash to purchase petrol and Diesel before the end of March by ordering people to hoard petrol? Even though there was no strike planned on the nearest horizon. Millions extra was purchased so if you take that figure into account then were really are in a serious recession.

You'd love that eh?