I1L2T3 Posted July 16, 2012 Share Posted July 16, 2012 http://www.telegraph.co.uk/finance/financialcrisis/9403384/IMF-slashes-UK-growth-forecasts.html Is it time for more austerity? Maybe next year when the upper tax band is cut to 45p the rich will buy some yachts and Bentleys to get us out of this mess. In the meantime the rest of us can look forward to paying more tax, having less spending power, fewer job opportunities, less job security and public services going down the pan. Now where is that magical private sector growth? What happened to it? Link to comment Share on other sites More sharing options...
Mecky Posted July 16, 2012 Share Posted July 16, 2012 Economists have said these cuts won't improve things and, if anything, they'll just make things worse. I find it slightly suspicious that we shut everything down but are still able to find 9 billion for a train line and borrow even more money to give in foreign aid. Link to comment Share on other sites More sharing options...
truman Posted July 16, 2012 Share Posted July 16, 2012 Economists have said these cuts won't improve things and, if anything, they'll just make things worse. I find it slightly suspicious that we shut everything down but are still able to find 9 billion for a train line and borrow even more money to give in foreign aid. Did the USA make cuts..? http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9401574/Fed-fiddles-as-America-slides-back-into-recession.html I seem to remember a poster on here making a great deal of the fact the the USA were doing it differently to us and were being succesful.. Link to comment Share on other sites More sharing options...
MrSmith Posted July 17, 2012 Share Posted July 17, 2012 Is it time for more austerity? Now where is that magical private sector growth? What happened to it? 1. Yes 2. For it to grow, we would all have to consume more and that’s a bad idea, we should all be consuming less. Link to comment Share on other sites More sharing options...
anywebsite Posted July 17, 2012 Share Posted July 17, 2012 Did the USA make cuts..? http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9401574/Fed-fiddles-as-America-slides-back-into-recession.html I seem to remember a poster on here making a great deal of the fact the the USA were doing it differently to us and were being succesful.. Yes they did. They also had a stimulus program to help their economy grow & it worked for a while, but now the stimulus has finished, the fed has been inactive recently & the stimulus wasn't enough. Keep reading that article past the headline. Link to comment Share on other sites More sharing options...
anywebsite Posted July 17, 2012 Share Posted July 17, 2012 1. Yes 2. For it to grow, we would all have to consume more and that’s a bad idea, we should all be consuming less. If we consume less then we need to produce less too, that means more people out of work & less money for consumption, which reduces production & puts more people out of work. It puts the economy into a spiral. Link to comment Share on other sites More sharing options...
clegane Posted July 17, 2012 Share Posted July 17, 2012 The government is in a very difficult situation. The hangover from the socialist experiment of 1997 to 2010 will be with us for many years to come. Link to comment Share on other sites More sharing options...
MrSmith Posted July 17, 2012 Share Posted July 17, 2012 If we consume less then we need to produce less too, that means more people out of work & less money for consumption, which reduces production & puts more people out of work. It puts the economy into a spiral. Or it means because there is less demand, everything will be cheaper, meaning we all have to work fewer hours to buy the things we need, fewer hours working means more time for family, less stress and fewer health problems. Link to comment Share on other sites More sharing options...
erebus Posted July 17, 2012 Share Posted July 17, 2012 We might consume less but will pay more for it. Its a game, where they give you wages with one hand, and take it back with the other. The country is more bugg**ed than Greece, as in debt, but we have the financial gangsters walled up in the City of no regulations, thus why should the banks destroy the land that allows fraud to prosper, and the tax man gets his cut too? Where are the jobs to come from? Where is the innovation to come from? Most businesses suck on the government or Local Council TAX TAKE tit, where your taxes and rates allow them to cream of their profits. They want the minimum wage scrapped, so they can boost their profits, as everything is to be privatized because its more efficient and cheaper according to the propaganda. We are in a hole and it could take a decade to a generation to get out of it. 1 million people with university degrees on benefit, and the real cuts will have to wait till after the Olympics you nutters! Had they introduced cuts prior then the Olympics would have been in competition with riots, where those 32,000 assault rifles the militarized police have just ordered, can rip through moaning crowds, in the new banana republic we actually are. How the mighty fall, while the people are asleep. Link to comment Share on other sites More sharing options...
caparo Posted July 17, 2012 Share Posted July 17, 2012 Did the USA make cuts..? http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9401574/Fed-fiddles-as-America-slides-back-into-recession.html I seem to remember a poster on here making a great deal of the fact the the USA were doing it differently to us and were being succesful.. And Greece tried to spend there way out of trouble and are now totally up the creek. Link to comment Share on other sites More sharing options...
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