Unemployment To Fall

[lie to bet]

unemployment is predicted to fall from 8.1% to 6.1% over the next 4 years according to the chancellor.

It is difficult to see how this will happen with most Whitehall budgets being slashed y 25%.

Presumably the bulk of government spending that can be cut is staff.

[Snugglybear]

Predicted by whom? Gypsy Petulengro? Some bloke down the pub? The intern in George's office whose task it is to make up pleasing figures?

[lie to bet]

Predicted by whom? Gypsy Petulengro? Some bloke down the pub? The intern in George's office whose task it is to make up pleasing figures?

The Chancellor.

http://news.bbc.co.uk/1/hi/politics/10374475.stm

UK ECONOMY

Growth forecast revised down from 2.6% to 2.3% in 2011.

The economy is predicted to grow by 1.2 % this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and in 2015.

Debt to peak in 2013/14 at 70% of GDP.

Unemployment is forecast to peak this year at 8.1% and then fall for each of the next four years, to reach 6.1% in 2015.

[Abstra]

unemployment is predicted to fall from 8.1% to 6.1% over the next 4 years according to the chancellor.

It is difficult to see how this will happen with most Whitehall budgets being slashed y 25%.

Presumably the bulk of government spending that can be cut is staff.

Oh for Gods sake! Tractor production will increase and the collective wheat harvest will double.

[Si1]

Oh for Gods sake! Tractor production will increase and the collective wheat harvest will double.

why do socialists avoid the most basic lessons of history and act as if it is so f*cking ***obvious*** that jobs and god things exclusively and only derive from the state? what fould stupidity.

[Snugglybear]

Just seen George on BBC Breakffast. Sian asked him where the jobs would come from, and mentioned Japan.

He said people would have the confidence to invest in Britain, and British manufacturers would be able to export to the rest of the world.

So that's alright, then.

And Si, dear, one is not necessarily a socialist merely because one doubts whether the private sector is going to create the jobs needed in the present global economic situation. I doubt whether Tamara is a socialist, for instance. Tamara, are you?

[Snugglybear]

The Chancellor.

As he said this morning on t' telly, this is an Office for Budgetary Responsibility forecast.

On the OBP website it is introduced thus http://indusdelta.co.uk/story/new_independent_office_budget_responsibility_produce_first_pre_budget_forecast_including_unemp

"The new independent Office for Budget Responsibility has produced their first pre-budget forecast. The claimant unemployment forecast in the new document has moved from the old practice of being deliberately cautious (and using the average of independent forecasts)."

Looks as if it has moved to the new practice of wearing rose-tinted spectacles.

I haven't time to log in and read the whole report, as I have a job to go to (for the present). I may do so tonight to scan the report and look at the comments, if any. Interesting to note that only 232 reads are recorded.

[pathfinder]

They could pull it off if they taxed salaries to oblivion or required a min requirement of 16 hrs a week for any benefit at all.

Lowering unemployment figures does not have to be a good thing, but I am sure you can make it happen.

[robo1968]

why do socialists avoid the most basic lessons of history and act as if it is so f*cking ***obvious*** that jobs and god things exclusively and only derive from the state? what fould stupidity.

Because they lack the enterprise to make money on their own and assume anyone that does is stinking rich and should be taxed to the hilt, mainly because of ignorance of what it takes to do so but also because of envy.

Edited June 23, 2010 by robo1968