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Bo E: Cuts Won't Do Any Harm


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http://uk.news.yahoo.com/4/20101110/tuk-bank-of-england-cuts-will-not-lead-t-dba1618.html

Bank of England: 'Cuts will not lead to recession'
The Bank of England has said "substantial" government austerity measures should not send the UK into a double-dip recession.
.../
Governor Mervyn King said the UK's economic recovery is likely to continue, adding that he was not expecting a sudden, sharp slowdown.
UK growth is expected to be "broadly similar" to that forecast in the August report, with the recovery looking to have peaked in the second half of this year and falling back to around an annual rate of 2.5 per cent in 2011 before gradually picking up to just over 3 per cent in late 2012.

So the cuts are insubstantial then? Do we really need them and why can't we just carry on where Brown left off if all is fine?

Seems like Merv's optimism is so glowing that even a HPC can be avoided. Nothing wrong with the economy so no need for any declines in values anywhere. Moreover, Merv sees strong growth a year or so out. Blue skies forever.

Edited by Realistbear
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Seems like Merv's optimism is so glowing that even a HPC can be avoided. Nothing wrong with the economy so no need for any decliones in values anywhere. Moreoever, Merv sees strong growth a year or so out. Blue skies forever.

Don't wory lads, it's Jam tomorrow.

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Just off the phone to my mate. His brother is an architect and has their company has more or less folded. He's got 18 weeks pay in which to find a new job.

Yes this seems to be happening a lot, I dont see a recovery personally. The recent Q3 GDP figures were based on something like an 11% expansion in construction activities having occurred :blink:

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Just off the phone to my mate. His brother is an architect and has their company has more or less folded. He's got 18 weeks pay in which to find a new job.

As I mentioned before, I think construction is totally screwed. Keeping the bubble inflated has made most things economically unviable, housebuilding, company expansion, company moves, house moves the whole damned shooting match is knackered at current costs.

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http://uk.news.yahoo...-t-dba1618.html

Bank of England: 'Cuts will not lead to recession'
The Bank of England has said "substantial" government austerity measures should not send the UK into a double-dip recession.
.../
Governor Mervyn King
said the UK's economic recovery is likely to continue, adding that he was not expecting a sudden, sharp slowdown.
UK growth is expected to be "broadly similar" to that forecast in the August report, with the recovery looking to have peaked in the second half of this year and falling back to around an annual rate of 2.5 per cent in 2011 before gradually picking up to just over 3 per cent in late 2012.

So the cuts are insubstantial then? Do we really need them and why can't we just carry on where Brown left off if all is fine?

Seems like Merv's optimism is so glowing that even a HPC can be avoided. Nothing wrong with the economy so no need for any declines in values anywhere. Moreover, Merv sees strong growth a year or so out. Blue skies forever.

Why is that TOOL still in the job? Just changes the goal posts to suit his own f.uck ups.

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Why is that TOOL still in the job? Just changes the goal posts to suit his own f.uck ups.

This shit is measuring recovery and growth in forcefully devalued currency in a climate of rapidly rising prices and inflation - it is just meaningless, nay fraud to call it growth.

Edited by OnlyMe
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This shit is measuring recovery and growth in forcefully devalued currency in a climate of rapidly rising prices and inflation - it is just meaningless, nay fraud to call it growth.

GBP =

$1.61155

Euro 1.16949

Whatever Merv is doing he has convinced the markets he knows what he is doing. The pound is flying up.

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This shit is measuring recovery and growth in forcefully devalued currency in a climate of rapidly rising prices and inflation - it is just meaningless, nay fraud to call it growth.

It winds me up evertime I hear him going on.. oh and what about his bloody cricketing metaphors he used. Christ I'd like to use a cricket bat on him but that's not in a metaphorical way!

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  • 432 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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