Are We Heading For A Recession Like In The 30s?

[El Cid]

Didnt Boris promise not to raise taxes?

[tinfoilhat]

VAT 25%. Penny on income tax, maybe a rise in NI - it will be for the NHS.

 

But don't tax big corporations. We'll leave those nice big loopholes open.

[andyofborg]

On 07/04/2020 at 13:23, ECCOnoob said:

 

I have all too often wondered what it would be like to live in the fantasy land that is planet Guardian.  

probably better than here though it depends which version of it's fantasy you actually end up living in.

[happyaslarry]

Certainly bad for the restaurant trade as you can see here https://wp.me/p5wFIX-1ot

[poppet2]

There is only one way to overcome this, just print money. After all who is really going to know? 

 

 

[*Wallace*]

Well we will.

[Padders]

1 hour ago, poppet2 said:

There is only one way to overcome this, just print money. After all who is really going to know? 

 

 

Iv'e often wondered that... After all every country is in the same boat, why doesn't the world bank (or whoever is in charge) just print X number of billions , and distribute it amongst the worst hit countries.

[poppet2]

15 minutes ago, *Wallace* said:

Well we will.

Not if they don't tell us. Look, they can pretend we can't afford all our debts, but secretly be paying the country's debts, while pretending we can't afford anything, hence another excuse for cutbacks, just like we've had since 2008.

[Domin0]

20 minutes ago, poppet2 said:

Not if they don't tell us. Look, they can pretend we can't afford all our debts, but secretly be paying the country's debts, while pretending we can't afford anything, hence another excuse for cutbacks, just like we've had since 2008.

It's not imaginary debt. Do you have any idea how much of our tax payer's money goes to repaying national debt and its interest each year? 

[El Cid]

2 hours ago, poppet2 said:

There is only one way to overcome this, just print money. After all who is really going to know?

I did that as a joke about 20 years ago, a friend spent the £5 on a taxi fare. For every action, there is always a reaction.

Printing money for someone, will disadvantage someone else.