Cyclone Posted January 20, 2012 Share Posted January 20, 2012 i can go on all day the tories left labour a £400 million debt :hihi: That's right. They didn't leave the current level of debt did they. You were wrong. You've back tracked and changed what you're saying. I don't know why you're laughing about it. Link to comment Share on other sites More sharing options...
espadrille Posted January 20, 2012 Share Posted January 20, 2012 Funded by debt that we'll be paying off for decades... Hard to believe that there are people who are STILL talking about spending our way out of this mess. Incredulity springs to mind. Link to comment Share on other sites More sharing options...
wellyman Posted January 20, 2012 Share Posted January 20, 2012 I fear that the outlook for the EU's economy this year is so gloomy that any stimulus may get lost in the economic fall of the Euro-Zone, whilst the outlook looks so dire for our biggest export market there is little hope for any growth. The best we can hope is that keep our ship steady and we do not get sucked into the oncoming disaster. I suppose in that respect it is a pretty good job that most of the cuts here are based on making the public sector affordable rather than hog tieing business. It seems that the emerging markets are a very good customer when Europe runs out of cash. http://www.telegraph.co.uk/finance/newsbysector/industry/engineering/8976103/UK-car-manufacturing-and-exports-head-for-records.html The country produced 1.9m cars in 1972 but could break that annual record following announcements in the last 12 months from car makers such as Toyota, Nissan and BMW to expand in the UK. The Society of Motor Manufacturers and Traders says the investments in British plants total £4bn and mean that UK automotive manufacturing "could be on course for near-record highs" in the next five to ten years. Car exports are also poised to end 2011 19pc higher than the last year and could reach record-levels in 2012. UK car manufacturing has been revitalised since the recession. It is being supported by the growth of emerging economies, the weakness of sterling, and investment in research and development. The growth is epitomised by Jaguar Land Rover, which posted record profits of £1.1bn in 2011 while also unveiling plans to build a new engine plant and create 1,000 jobs in the Midlands. Link to comment Share on other sites More sharing options...
ricgem2002 Posted January 20, 2012 Share Posted January 20, 2012 You're good at wasting everyone's time. no i just like to point out that you were wrong again Link to comment Share on other sites More sharing options...
Cyclone Posted January 20, 2012 Share Posted January 20, 2012 You saying it doesn't make it so. Link to comment Share on other sites More sharing options...
I1L2T3 Posted January 20, 2012 Share Posted January 20, 2012 Hard to believe that there are people who are STILL talking about spending our way out of this mess. Incredulity springs to mind. It's no less fanciful than a fairytale belief in magical, automatic private sector growth without any measures to facilitate that growth It should be clear that both sides are floundering. When Balls talks about stimulus measures he talks about temporary VAT cuts That's but a tiny fraction of what is needed. Osborne talks like an economist who believes in supply-side measures but then totally fails to grasp how to achieve them. Osborne should be ashamed really - he's implemented few supply-side measures that will do anything meaningful. And nothing on the horizon either. Link to comment Share on other sites More sharing options...
wellyman Posted January 20, 2012 Share Posted January 20, 2012 It's no less fanciful than a fairytale belief in magical, automatic private sector growth without any measures to facilitate that growth It should be clear that both sides are floundering. When Balls talks about stimulus measures he talks about temporary VAT cuts That's but a tiny fraction of what is needed. Osborne talks like an economist who believes in supply-side measures but then totally fails to grasp how to achieve them. Osborne should be ashamed really - he's implemented few supply-side measures that will do anything meaningful. And nothing on the horizon either. Yes I can see how some might struggle to grasp that http://www.invest.uktradeinvest.gov.uk/export/countries/asiapacific/fareast/taiwan/premiumcontent/227980.html Taiwan: UK Exports to Taiwan hit Record Level - November 2011 http://www.eef.org.uk/blog/post/UK-Goods-Exports-hit-record-level-in-October-2011.aspx UK goods exports rose to a record level of £26.5bn in October. Imports of goods also fell, to £34.1bn, meaning the balance of trade deficit decreased to £7.6bn. Exports to non-EU countries hit the record level of £12.6bn. Exports to EU countries also increased. http://www.bbc.co.uk/news/business-16627261 UK car production boosted by record exports http://www.thisisstaffordshire.co.uk/Bentley-sales-40-amid-strong-export-growth/story-14323835-detail/story.html Bentley sales up 40% amid strong export growth GLOBAL sales jumped by almost 40 per cent at luxury car-maker Bentley last year. The Crewe-based firm said demand bounced back to pre-recession levels last year, with strong growth in all its major markets. http://www.ft.com/cms/s/0/93395426-40ef-11e1-b521-00144feab49a.html#axzz1k1t2Hdp8 British luxury brand Burberry sustained its strong sales growth throughout the festive season, reporting a 21 per cent sales increase in its third quarter, driven by the brand’s continued popularity in Asia. Increased sales of leather goods and outerwear, including its distinctive trenchcoats, boosted total sales by 21 per cent to £574m in the three months to December 31. Link to comment Share on other sites More sharing options...
I1L2T3 Posted January 20, 2012 Share Posted January 20, 2012 Yes I can see how some might struggle to grasp that http://www.invest.uktradeinvest.gov.uk/export/countries/asiapacific/fareast/taiwan/premiumcontent/227980.html Taiwan: UK Exports to Taiwan hit Record Level - November 2011 http://www.eef.org.uk/blog/post/UK-Goods-Exports-hit-record-level-in-October-2011.aspx UK goods exports rose to a record level of £26.5bn in October. Imports of goods also fell, to £34.1bn, meaning the balance of trade deficit decreased to £7.6bn. Exports to non-EU countries hit the record level of £12.6bn. Exports to EU countries also increased. http://www.bbc.co.uk/news/business-16627261 UK car production boosted by record exports http://www.thisisstaffordshire.co.uk/Bentley-sales-40-amid-strong-export-growth/story-14323835-detail/story.html Bentley sales up 40% amid strong export growth GLOBAL sales jumped by almost 40 per cent at luxury car-maker Bentley last year. The Crewe-based firm said demand bounced back to pre-recession levels last year, with strong growth in all its major markets. http://www.ft.com/cms/s/0/93395426-40ef-11e1-b521-00144feab49a.html#axzz1k1t2Hdp8 British luxury brand Burberry sustained its strong sales growth throughout the festive season, reporting a 21 per cent sales increase in its third quarter, driven by the brand’s continued popularity in Asia. Increased sales of leather goods and outerwear, including its distinctive trenchcoats, boosted total sales by 21 per cent to £574m in the three months to December 31. All steps in the right direction but still a mountain to climb to remove the trade deficit. Do you think our new found safe haven status will strengthen the pound? Is so then what will happen to the exports? Link to comment Share on other sites More sharing options...
wellyman Posted January 20, 2012 Share Posted January 20, 2012 All steps in the right direction but still a mountain to climb to remove the trade deficit. Do you think our new found safe haven status will strengthen the pound? Is so then what will happen to the exports? I'm sure that it will strengthen the pound agaist the Euro and the Dollar, but the exports are going to countries whose economies never went into recession and are struggling to stop their currency getting too strong too quickly, so I don't think it's going to have a major impact on our exports. On the contrary with China and India enjoying almost double digit growth demand for UK luxury goods seems to be increasing at almost double digit levels. Link to comment Share on other sites More sharing options...
I1L2T3 Posted January 20, 2012 Share Posted January 20, 2012 I'm sure that it will strengthen the pound agaist the Euro and the Dollar, but the exports are going to countries whose economies never went into recession and are struggling to stop their currency getting too strong too quickly, so I don't think it's going to have a major impact on our exports. On the contrary with China and India enjoying almost double digit growth demand for UK luxury goods seems to be increasing at almost double digit levels. Don't count on China - most analysts expect a very serious economic hard landing for them sooner rather than later. India has serious weaknesses as well. Link to comment Share on other sites More sharing options...
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