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Economy Shrinks 0.5%


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I hope this does not sway Osbourne & Co from making the cuts. Whatever happens to the economy, the government still has to bring down its expenditure and start to live within its means, can't go on spending on the never, never and bequething the debt for generations to come.

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No figs then Caparo to back-up your claim:

 

'Apart from the fact that half of the manufacturing industry was also shut down because they couldn't get folk in to work or supplies delivered'.

 

 

Thought not.;)

 

Manufacturing grew in the last economic period, the results were dragged down by the construction industry, which contracted by just over 3%.

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Manufacturing grew in the last economic period, the results were dragged down by the construction industry, which contracted by just over 3%.

 

 

 

Some manufacturers are holding back on investment and recruitment because they are not sure which way the economy will go ie recovery or double-dip.

The construction industry is nose diving.

 

Such a shame as 6 months ago the economy was motoring out of recession.

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Some manufacturers are holding back on investment and recruitment because they are not sure which way the economy will go ie recovery or double-dip.

The construction industry is nose diving.

 

Such a shame as 6 months ago the economy was motoring out of recession.

 

So the manufacturing results are even better then, the increase should encourage the manufacturers who you say are holding back.

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Perhaps if the previous Labour government hadn't made such a "Balls" up of running the economy people wouldn't have voted for the Conservatives or LiDems.

 

 

I think it was called an INTERNATIONAL CREDIT CRUNCH!!! - Labour were taking us OUT of recession the ConDems seem determined to take us back into one.

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I think it was called an INTERNATIONAL CREDIT CRUNCH!!! - Labour were taking us OUT of recession the ConDems seem determined to take us back into one.

 

Labour left us with the biggest budget deficit in the G20. That on top of our debts. Not exactly a legacy to be proud of.

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Labour left us with the biggest budget deficit in the G20. That on top of our debts. Not exactly a legacy to be proud of.

 

 

Well our economy was predisposed to a bigger downturn than the rest of our European counterparts due to our reliance on the service sector ie property speculation and financial services. We all know under whom this started.

 

Give you a clue, Milk Snatcher.

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I think it was called an INTERNATIONAL CREDIT CRUNCH!!! - Labour were taking us OUT of recession the ConDems seem determined to take us back into one.

 

Lol, so the Labour government wasn't responsible for running the economy, so who do we hold accountable for the mess then?

 

Also Labour's only plan to take us out of recession was to borrow money that nobody wanted to lend us. Even this shadow cabinet has learned their lesson and quietly dropped this plan, the problem is that they do not know what to replace it with.

 

What cuts would you make?

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