This Could Be The Biggest Recession Since The 1930s

[Chekhov]

2 hours ago, Organgrinder said:

Another instance of our government's catastrophic failure to help this country's people and businesses.

Why should massive companies such as Amazon be allowed to pay no taxes, as they sit there taking trade away from companies such as Wilko ?

Chancellor Hunt was on TV News at teatime telling the biggest load of lies I have ever heard.

Everyone know that we need price controls to bring inflation down.  Doing it with interest rate rises is not working and hurting mortgage payers too much.

We have the most useless government since World War 2

Ehh ?

How is Wilko going bust down to the government ? ! ? Other than the fact the economy is in tatters, but much of that is not just down to the Tories :

 

Brexit is maybe responsible for about 20% of our economic malaise.

It could be argued that one cannot blame the government for leaving the EU when the country voted for it (however dishonest the campaigns were), but, since this government is stuffed full of Leavers I think we can still assign that to them.

 

The Ukraine war may be responsible for another 20%, but all parties have the same policy on that, which I wholeheartedly support anyway, so I am prepared to write that off as not being the fault of the Tories.

Still at 20%

 

Suppressing society and the economy for Covid is probably responsible for 60% of our current economic disaster.

However, even if we'd followed the sensible course and gone for targeted shielding it'd still have done big damage, but maybe only a quarter as bad (maybe less but we'll go with 25%) ?

So take 25% of 60% is about 15%, leaving 45% as down to general suppression. 

Therefore, the government (i.e. the Tories) are responsible for 65% (20% + 45%) of our predicament.

BUT, Labour also supported suppressing society and the economy, so, in a fight between the two, that 45% cannot be laid at the door of the Tories by Labour.

So, unless Labour want to be guilty of gross hypocrisy, they can only blame the government for about 20% of the economic situation.

 

>>We have the most useless government since World War 2<<

 

Bearing in mind what they did during Covid I would agree with you, but since Labour were egging them on all the way that means Labour are the worst opposition since WWII.

Edited August 3, 2023 by Chekhov

[Mister Gee]

26 minutes ago, Chekhov said:

Ehh ?

How is Wilko going bust down to the government ? ! ? Other than the fact the economy is in tatters, but much of that is not just down to the Tories :

 

Brexit is maybe responsible for about 20% of our economic malaise.

It could be argued that one cannot blame the government for leaving the EU when the country voted for it (however dishonest the campaigns were), but, since this government is stuffed full of Leavers I think we can still assign that to them.

 

The Ukraine war may be responsible for another 20%, but all parties have the same policy on that, which I wholeheartedly support anyway, so I am prepared to write that off as not being the fault of the Tories.

Still at 20%

 

Suppressing society and the economy for Covid is probably responsible for 60% of our current economic disaster.

However, even if we'd followed the sensible course and gone for targeted shielding it'd still have done big damage, but maybe only a quarter as bad (maybe less but we'll go with 25%) ?

So take 25% of 60% is about 15%, leaving 45% as down to general suppression. 

Therefore, the government (i.e. the Tories) are responsible for 65% (20% + 45%) of our predicament.

BUT, Labour also supported suppressing society and the economy, so, in a fight between the two, that 45% cannot be laid at the door of the Tories by Labour.

So, unless Labour want to be guilty of gross hypocrisy, they can only blame the government for about 20% of the economic situation.

 

>>We have the most useless government since World War 2<<

 

Bearing in mind what they did during Covid I would agree with you, but since Labour were egging them on all the way that means Labour are the worst opposition since WWII.

Just in case people need reminding how neutral you are politically!

[rogets]

As a general rule I was told by a financial expert that in the case of a serious emergency downturn, the people most likely to be least effected were those with the most money

 

I was shown a graph which featured a man with £39765552 in his bank, he would be fine, but a man with 75p in his bank account could be devastated if he had a sudden increase in financial outgoings

 

So the top tip if there is a serious downturn, have more money, maybe sell one of your homes

 

This is from a top financial expert

[Mister Gee]

1 minute ago, rogets said:

As a general rule I was told by a financial expert that in the case of a serious emergency downturn, the people most likely to be least effected were those with the most money

 

I was shown a graph which featured a man with £39765552 in his bank, he would be fine, but a man with 75p in his bank account could be devastated if he had a sudden increase in financial outgoings

 

So the top tip if there is a serious downturn, have more money, maybe sell one of your homes

 

This is from a top financial expert

No **** Shirlock?

[Padders]

15 minutes ago, rogets said:

As a general rule I was told by a financial expert that in the case of a serious emergency downturn, the people most likely to be least effected were those with the most money

 

I was shown a graph which featured a man with £39765552 in his bank, he would be fine, but a man with 75p in his bank account could be devastated if he had a sudden increase in financial outgoings

 

So the top tip if there is a serious downturn, have more money, maybe sell one of your homes

 

This is from a top financial expert

I'm sorry Rogets, I don't agree with your financial expert...

I'm just short of my first million pounds, £930,000 to be exact.

I was hoping to make the 1 million mark early next year.

Due to this cost of living crisis I'm struggling to make it..

My Heinze tin of beans at 85p have been replaced by ASDA beans at 40p.

Were all in it together mate.

[Guest]

1 hour ago, Chekhov said:

Ehh ?

How is Wilko going bust down to the government ? ! ? Other than the fact the economy is in tatters, but much of that is not just down to the Tories :

 

You got it right in your first line    -    the rest is redundant rubbish.

 

   Yes,  the economy is in tatters and the government in charge for the last 13 years must accept responsibility especially when they added Brexit to the situation.

Knowing you,  you'll find a way of blaming Labour for it all but that's just the weird way your mind works.

The rest of the world is doing much better by the way,  in case you're going to blame the pandemic.   You maybe think we were the only country who had it.

 

Edited August 3, 2023 by Organgrinder

[Prettytom]

2 hours ago, Chekhov said:

Ehh ?

How is Wilko going bust down to the government ? ! ? Other than the fact the economy is in tatters, but much of that is not just down to the Tories :

 

Brexit is maybe responsible for about 20% of our economic malaise.

It could be argued that one cannot blame the government for leaving the EU when the country voted for it (however dishonest the campaigns were), but, since this government is stuffed full of Leavers I think we can still assign that to them.

 

The Ukraine war may be responsible for another 20%, but all parties have the same policy on that, which I wholeheartedly support anyway, so I am prepared to write that off as not being the fault of the Tories.

Still at 20%

 

Suppressing society and the economy for Covid is probably responsible for 60% of our current economic disaster.

However, even if we'd followed the sensible course and gone for targeted shielding it'd still have done big damage, but maybe only a quarter as bad (maybe less but we'll go with 25%) ?

So take 25% of 60% is about 15%, leaving 45% as down to general suppression. 

Therefore, the government (i.e. the Tories) are responsible for 65% (20% + 45%) of our predicament.

 

This is the funniest post that I’ve ever read on this forum.

 

Bravo Checkers. You are truly beyond compare.

 

Except for the obvious comparison with Alan Partridge, of course.

Edited August 3, 2023 by Prettytom

[Anna B]

On 21/06/2022 at 13:06, trastrick said:

She still running things?

 

All you need to do if you are screwing thing up, is blame the other guy, and wait for everybody to clap.

 

Only seems to work well in government.

 

Time for somebody to step up to the plate and take responsibilty.

Thatcher started this particular ball rolling by adopting Free Market Economics in the early 80's.

 

She destroyed most of the industry in Britain in favour of 'The Financial Markets' (which is basically just one big casino) deregulated everything, sold off our assets, and turned Britain into a tax haven for the wealthy. It was a long term mission which Tony Blair did nothing to stop, and ultimately led to the Banks failing in 2008.

 

That is why Margaret Thatcher has always been such a controversial figure   Unfortunately she can't take responsibility because she's dead, but that is how we got to where we are now, and now it's too late to turn back

The only person willing to try and with the will to do it, was Jeremy Corbyn, but he's gone, along with any hope for the future, so now we're stuck with this mess, and yes, it's going to get very nasty.  

 

[trastrick]

2 hours ago, Anna B said:

Thatcher started this particular ball rolling by adopting Free Market Economics in the early 80's.

 

She destroyed most of the industry in Britain in favour of 'The Financial Markets' (which is basically just one big casino) deregulated everything, sold off our assets, and turned Britain into a tax haven for the wealthy. It was a long term mission which Tony Blair did nothing to stop, and ultimately led to the Banks failing in 2008.

 

That is why Margaret Thatcher has always been such a controversial figure   Unfortunately she can't take responsibility because she's dead, but that is how we got to where we are now, and now it's too late to turn back

The only person willing to try and with the will to do it, was Jeremy Corbyn, but he's gone, along with any hope for the future, so now we're stuck with this mess, and yes, it's going to get very nasty.  

 

You have a giant Ponzi Scheme, run by a huge monopoly, known as government, which is stumbling from crisis to crisis on borrowed money.

 

To continue to blame somebody who's dead and been out of office for 30 years, for today's mess, is just absolving them from any responsibility to actually do the job, and earn the money they are so generously paid to do.

 

Doesn't happen in real life, only in government! 

[Anna B]

Britain has undergone a SeaChange, starting in the 80s and finally coming to fruition now, nearly 50 years later.

 

It's important to see the whole picture so 'lessons can be learned.' 

- Unfettered Toryism leads to Neoliberalism, leads to fascism, leads to blood on the streets.

 

We are now one of the most unequal societies in the world.

Pigeons coming home to roost....