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1 In 4 N E Households Have No Breadwinner, 1 In 6 Uk Generally

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In 1999 the figures were as bad as they are (officially) now. Of course, the reality is probably worse.

But as we know, by 2000 we had HPI, even in the face of those horrific 1 in 6 jobless households figures.

How was the HPI or return to work engineered? Lax lending/liar loans to borrowers for property and businesses?

Can they pull such a stunt off again without bringing the whole system down into full-blown insolvency? Or are they happy to do that and repay over the next 10 years or more?

These are the questions we have to address when deciding if the HPC graph and crash are to come about fully.

Who will lend to the UK and if they won't lend and they QE the bills, will it become increasingly difficult to safely QE back to "normality"?

They want to get property prices up and people back into jobs by borrowing money and raising taxes and making cuts. If we follow the model from 1999 and see where it differs to the present, we probably have our best chance of forecasting what will happen.

To me it looks like Las Vegas or bust.

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Does the "number of households" include pensioner and full-time student households? If so it is not as bad as it looks.

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How many households in the NE have one bread winner who's employed by the state?

This impertinent question does not I trust apply to the Ancient Socialist State of Sheffield?

A model for the whole of (future) Britain

(Have I spelt 'whole' correctly?) :rolleyes:

Edited by Laura

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Does the "number of households" include pensioner and full-time student households? If so it is not as bad as it looks.

Yep it does, it is adjusted for all of the ineligible criteria removed.

The government have shot their bolt on the economy now, we are seeing one or two economies popping their heads out of recession owing mainly to the amount of money thrown at the problem. The UK is deeper in it than most and this report is one of the reasons why.

For years now the economy has been massaged using a very blunt instrument (interest rates) and it has proved to be unsustainable. It never could provide the type of growth long term which is experienced by countries with manufacturing as their economic platform.

While the banks were all announcing huge profits from smoke and mirrors dealings, the Government were happy to let the plebs sit at home and watch jeremy kyle; hell the country could afford to pay them good money to do it.

Now of course the banks are having to start all over again. With the Governments assistance they will be announcing multi-billion pound profits again soon, but until then the Government has to find the money to pay the plebs to shut up and keep watching tv.

Problem the Government has is that by using QE to artificially inflate the economy, the economy started to deflate slower; but now air is pissing out of it faster than they can inflate...

Example; is it 500 million quid they are promising to GM to keep Vauxhall going? Just guarantees I know, but it is a real gamble, with real money. And this will preserve how many jobs? That money would have been a lot less if it had been flung at Rover a few years back, they could have completely revamped a British car company, instead of an American basket case.

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This impertinent question does not I trust apply to the Ancient Socialist State of Sheffield?

A model for the whole of (future) Britain

(Have I spelt 'whole' correctly?) :rolleyes:

Well we did have the old kremlin building at the bottom of the moor, can't find a picture of glorious socialist building, and then there's the great concrete lump that's the Park Hill Flats, which used to be a pleasure to walk past with the stinking nappies just chucked out of the windows and it then gets listed status. I wonder if the nappies will need replacing once the dump is renovated into high class flats. :unsure:

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