Jump to content
House Price Crash Forum
Realistbear

Brown's Miracle Economy Is Crumbling

Recommended Posts

http://portal.telegraph.co.uk/money/main.j.../ixcitytop.html

Slump in growth worst since 1992
By Ambrose Evans-Pritchard (Filed: 26/01/2006)
Growth fell last year to the lowest rate since the slump of 1992
as car output declined and British industry continued to lose global export share at a disturbing pace.
But analysts said the economy remained badly out of kilter, with capital investment languishing at record lows and a
trade deficit nearing the danger level of 5pc of GDP
.
"The manufacturing sector is in terminal decline.
There has been a big growth in retail sales but not enough of it is going into our own backyard.
"The fact that our industry remains chronically weak at a time when the world economy is doing well is a concern. Countries like Germany are holding up much better than us."
"UK unemployment is rising,
year on year GDP growth is significantly below-trend, and wage rises and CPI inflation have both eased," he said.

Given the present situation there appears to be nothing holding up the highest house prices in Europe other than desparate propaganda.

http://portal.telegraph.co.uk/money/main.j.../ixcitytop.html

However, as the IFS report also makes clear, the Treasury's ability to borrow even more money is limited whatever the level interest rates.
"We expect net debt to reach 39.3pc of national income
in 2008-09," they predicted.
A spokesman for the Chancellor said: "
The Government's spending plans are fully affordable on the basis of cautious assumptions and decisions made."

Yes Minister............. :lol::D:blink:

Edited by Realistbear

Share this post


Link to post
Share on other sites

Right own up! Who voted these comedians back in again?

defo not me! :lol:

my father who is no long with us, did say he'd leave the country if labour got back in. I remember thinking it was a bit of an extreme view, now i'm not so sure. :o

Edited by CrashBear

Share this post


Link to post
Share on other sites

Seems that Cameron has a real shot at No. 10 now that the LibDems are in dissaray. Even though we are told that "diversity" is PC, there is still a great deal of prejudice among average people against gingers in political leadership.

Share this post


Link to post
Share on other sites

Seems that Cameron has a real shot at No. 10 now that the LibDems are in dissaray. Even though we are told that "diversity" is PC, there is still a great deal of prejudice among average people against gingers in political leadership.

:lol:

Share this post


Link to post
Share on other sites

Seems that Cameron has a real shot at No. 10 now that the LibDems are in dissaray. Even though we are told that "diversity" is PC, there is still a great deal of prejudice among average people against gingers in political leadership.

If only all this was happening a year ago!!!

Share this post


Link to post
Share on other sites

Right own up! Who voted these comedians back in again?

I did'nt last time because of the Iraq war, identity cards and there increasingly draconian approach to drugs and law and order. I probably will next time if they do something about getting public spending under control though.

The concervative party, appart from the obviouse problem of it being mostly composed from crooks and perverts, would only encourage and amplify all the things that are causing house prices to spiral.

Share this post


Link to post
Share on other sites

If only all this was happening a year ago!!!

Gordon Brown used tax payer's money to buy an election. Old people were given a one off hand out and unaffordable public spending plans were announced. We were told that this would be funded by big productivity gains and a 3.5% growth rate. All these hopes were crushed by a moutain of red tape and stealth taxes. Alongside Gordon Brown even Norman Lamont looks quite good.

Labour won an election 10 years ago by screaming sleaze throughout the campaign. They inherited a strong economy with falling interest rates and falling unemployment. The stoked a house price bubble and did an Enron job with the books. Our economy has now been reduced to smoking ruins. It is justice that they are left holding the baby. I hope that legal action is brought against Gordon Brown.

I used to be fairly politcally neutral.

Share this post


Link to post
Share on other sites

I did'nt last time because of the Iraq war, identity cards and there increasingly draconian approach to drugs and law and order. I probably will next time if they do something about getting public spending under control though.

The concervative party, appart from the obviouse problem of it being mostly composed from crooks and perverts, would only encourage and amplify all the things that are causing house prices to spiral.

There are some suggestions going around that a degree of perversion has been manifesting itself in the LibDems. I suppose its a subjective thing as to what "perversion" means especially in an age where anything goes and PC is law. To me perversion is running up HPI on the back of cheap credit whereby lives are destroyed and the economy is left in ruins. The "economic miracle" is a perversion of sound economics.

Share this post


Link to post
Share on other sites
my father who is no long with us, did say he'd leave the country if labour got back in.

Bah! My second-biggest bugbear with NuLab after rampant HPI. Paul Daniels, Michael Winner, Andrew lloyd Webber and all the other "celebs" who'd ever said "if Labour get in, I'll leave the country" should have been escorted to Dover, had their passports confiscated and told to f### right off.

Share this post


Link to post
Share on other sites

There are some suggestions going around that a degree of perversion has been manifesting itself in the LibDems. I suppose its a subjective thing as to what "perversion" means especially in an age where anything goes and PC is law. To me perversion is running up HPI on the back of cheap credit whereby lives are destroyed and the economy is left in ruins. The "economic miracle" is a perversion of sound economics.

Nobody held a gun to anybodies head and said pay an eccessive amount for a house. That is thanks to the stupidity of the great brittish public. Interest rates are not under the control of the chancelor. By crooks and perverts I mean the likes of Archer and Hamilton. I dont consider being gay being a pervert.

Torries all seem to belive that the left is composed from sime kind of Wooly, Liberal doo gooders. I work a 70 or 80 hour week, I have no time for shiftless layabouts that dont pull there weight. Equally I am not going to stand by and be fleaced by some overprivaleged half wit.

Edited by jellybean

Share this post


Link to post
Share on other sites

Equally I am not going to stand by and be fleaced by some overprivaleged half wit.

So why did you vote for Gordon Brown's party (which I assume you did)?

Share this post


Link to post
Share on other sites

Nobody held a gun to anybodies head and said pay an eccsive amount for a house. That is thanks to the stupidity of the greatt brittish public. Interest rates are not under the control of the chancelor. By crooks and perverts I mean the likes of Archer and Hamilton. I dont consider being gay being a pervert.

Ah, so what about Peter Mandelson then. (no, not about him being gay, more like a crook, or at least sleazy - rememer those dodgy passport applications for those rather unsavoury Hinduja brothers, or the small matter of his personal house loans?)

Would you say perverted behavoir is wandering around Clapham Common looking for gay sex? Who was that who got caught with his pants down?

Share this post


Link to post
Share on other sites

In Canada, we had a Finance Minister of the ruling left of centre party who wanted to become PM. When the PM stepped down, the party elected him as the new party leader and, therefore, PM. He lasted 2 years in the job before a new election brought a young Conservative in as the new PM. :blink:

Share this post


Link to post
Share on other sites

Ah, so what about Peter Mandelson then. (no, not about him being gay, more like a crook, or at least sleazy - rememer those dodgy passport applications for those rather unsavoury Hinduja brothers, or the small matter of his personal house loans?)

Would you say perverted behavoir is wandering around Clapham Common looking for gay sex? Who was that who got caught with his pants down?

That's the best you can come up with then? Case proven.

So why did you vote for Gordon Brown's party (which I assume you did)?

I did'nt. But I might in future. Unless the concervative party can convince me that there intentions are to better the lot of the majority of the Brittish people.

I have worked quite a lot in the USA in the past, if that's what a capitalist utopia is, then I want no part of it. I will stick to having free health care and a decent public service.

That's no reflection on Amaricans, who are as decent a bunch as you are ever likely to meet.

Edited by jellybean

Share this post


Link to post
Share on other sites

He stuck to his word then!

well I'm pretty sure I'd be living in another country by now...

...I think i've had enough of the grey skys and the tax,

to be honest there is nothing for someone in there 20's in this country.

Share this post


Link to post
Share on other sites

well I'm pretty sure I'd be living in another country by now...

...I think i've had enough of the grey skys and the tax,

to be honest there is nothing for someone in there 20's in this country.

Amen

Share this post


Link to post
Share on other sites

to be honest there is nothing for someone in there 20's in this country.

I stay for the beer.

Just trying to think of other reasons to stay but not much is springing to mind... to stay close to family and friends maybe?

Share this post


Link to post
Share on other sites

Those that voted for the Labour Party were those who had their hands out for a free lunch in tax kickbacks and freebee's.

They will now run out as everybody is on them, with nobody paying for them as the UK is now bust.

As history has always shown the Conservatives will be the ones to the put together the UK when the Labour Government have to resign having gone cap in hand yet again to the IMF for a handout.

Labour as always are the party of Tax and Spend, God only knows how many times they will have to keep coming to power and F*cking it all up before they realise their politics should be consigned to the Victorian Era when there really was such a thing as the working classes, and the ruling classes.

I'm afraid today, everyone is working class, and the Labour Party are the political elite with a rule for them and a rule for others.

Share this post


Link to post
Share on other sites

England will be heaven on earth post-HPC. Long hot summers, beautiful Springs and gorgeous Autumnal tints. 5th November-28th February is Costa time for 50 quid round trip and 200 Euros per week in a luxury flat. And endless supplies of McVities, M & S desserts and fabulous pints in country poobs. And then there is UK Gold on Sky--classic comedies to keep the spirits flying high. And things are much cheaper now that everything we buy is made in China. IMHO the only thorn in the side is house prices and I am certain we are all going to get paroxic once the VIs give up and admit that the crash is happening.

Share this post


Link to post
Share on other sites
Guest Riser

IMHO the only thorn in the side is house prices and I am certain we are all going to get paroxic once the VIs give up and admit that the crash is happening.

We are currently seeing a dead cat bounce in the market caused by the cut in rates last Summer. Vendors are increasing asking prices and buyers are looking but things are different now. Talking to a friend today whos neighbour is selling their house I noticed the emphasis had changed from what a nice house it was to what a large amount of money they were asking.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.