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Scotland Feels The Recession Squeeze

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Scotland's Pain

Scotland has a higher dependence on public sector spending and employment than England.
That helps to explain why retail figures have shown Scottish shoppers spending more confidently than south of the Cheviots. But it also raises concerns about the country's exposure to the expected squeeze on government spending.

Gordon said that cuts are not needed. Mmm, is he lying?? :blink:

Edited by Wait & See

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Guest Skinty

This could be positive news.

If the bubble was due to excessive debt and the bust due to being unable to maintain that debt, then we can't get any proper sustainable growth until this debt is paid off. The more that spending is cut back the faster the debt will be paid off and the quicker the economy can recover. It may be more painful in the short term though.

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An Israeli, a German, a Russian and a British doctor were all attending a medical conference at a luxurious beach resort. Over drinks, the Israeli started to boast of the achievements of his country's healthcare system. 'In Israel', he said, 'we can transplant a kidney from one man to another, and he recovers so quickly that he's looking for work again within six weeks.'

'Russian medical science has come on in leaps and bounds recently', countered his colleague. In Moscow, we can perform a heart transplant on a man, and he's looking for work within four weeks.' 'Ah, but in Germany, we can do a heart, lung and liver transplant, and the patient has recovered enough to look for work in only a fortnight!', replied the third doctor.

'Sorry chaps, but you can't beat the good old NHS', the Brit responded, smugly. 'You see, we can transplant an arsehole from Scotland to Westminster, and within twenty-four hours the whole country is looking for work.'

Edited by The Ayatollah Bugheri

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My word. Scotland, that place immune and less affected by all this nonsense - has finally caught up, and overtook, much of the UK.

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My word. Scotland, that place immune and less affected by all this nonsense - has finally caught up, and overtook, much of the UK.

Wales will be fine - no public sector job losses here. Everything will be fine.

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Wales will be fine - no public sector job losses here. Everything will be fine.

Wales, Scotland, NI - all properly goosed.

Most of England - properly goosed.

Is there anywhere in the UK that may do not too badly (Less worse) than the rest ?

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Wales, Scotland, NI - all properly goosed.

Most of England - properly goosed.

Is there anywhere in the UK that may do not too badly (Less worse) than the rest ?

Westminster.

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