Wednesday, October 22, 2008

But According to Merv

Gloomy forecasts for UK economy

"Meanwhile, the National Institute of Economic and Social Research says the UK is on the brink of its first full year of recession since 1991. It says Britain will "suffer the worst setback" of all leading economies."

Posted by renting2 @ 07:15 AM (1284 views)
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22 thoughts on “But According to Merv

  • Nothing to do with you then Merv. Perhaps our age of innocence should end.

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  • planning4acrash says:

    As I said, boycott imports where possible. Support local farmers, the UK economy, save money and your health at a London Farmer’s Market, or find one outside London if you live outside london: http://www.farmersmarkets.net/ – Or, get your veg in a veg box, google it, or visit riverford. Either buy British goods, or visit your local second hand store or e-bay from a Brit. Buy durable British goods to save you money in the long run over communist crap from China. Do it, Do it.

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  • yep – and anyone seen the mini pound today? battered by the $ – was down 7 cents this am (thats a bit OTT) and a fair bit re the Euro. $ strength? £ weakness? £ crisis? hmmm and how would we cope with that one? IRs?

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  • It’s ok to expect the people to be patriotic and buy british goods, but what is the government doing to apply trade protection? Obama has said he will apply trade protection (import duty) for US companies. We are in the process of moving the manufacturing from China into the UK for our Aquamidas.com products, so now we will be faced with the hinderence and red tape from the UK authorities, perhaps we should have kept it in China!

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  • i remember the 90`s says:

    We have our house so in a way i should not grumble ,but while a lot of people have been out spending ,banks out of control i have been frugel and saved and my reward lower interest rates to save the careless it makes me sick!!!!!!

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  • planning4acrash says:

    Lets hope we can smash through the red tape and rebuild our manufacturing and farming with a lower pound. All peeps. ONLY invest in the productive economy. Invest in producers of good things with rising prices because those are the rip off imports.

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  • @techieman – in fairness and to provide a more balanced view the Pound Sterling is holding up well against South Korean Won (LOL) – lets get those interest rates up to Thatcherite levels and all will be well.

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  • theboltonfury says:

    should do wonders for the UK holiday industry though and finally kill off some high street Travel Agents

    more carnage – not good

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  • planning4acrash says:

    Iremember, even high interest rates are a rip off. They never compensate for inflation. Listen to the lew rockwell podcasts, the ‘what do you know about inflation’ mp3 on the ‘academic papers on house price crash link on the mainpage. Desiring the high

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  • planning4acrash says:

    interest rates is to crave a system that was not ours in the first place. Fiat collapse is an inevitable consequence of the old system. Interest rates are a feature of fractional reserve banking and fiat. The entire system must go! lewrockwell.com

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  • Eternal Sceptic says:

    But Thatcher and crash gordon said the future was in the service economy. The manufacturing base is destroyed, everything has been privatised, and when the sh** hits the fan it becomes abundantly clear that the emperor has no clothes.
    No doubt the increasing unemployment will be mitigated by a vast new army of public sector jobsworths, hellbent on destroying whatever little gems of private enterprise has thusfar survived.
    Aren’t all the politicians a bunch of heroes. So long as the collective snout vacuums the public trough, the rest of humanity can go off to hell in a handcart.

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  • planning4acrash says:

    techieman, sterling is soaring against Australian dollar! Poor Aussies. Totally sucked into the distraction of sports & mindless media propaganda. They lost more manufacturing, got into more debt. Thought resources protected them. No,makes them vulnerable

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  • planning4acrash says:

    Oh. And nobody anywhere should have any lawn whatsoever. Cover the whole Garden for veg, fruit and herb production. Raise rabbits, chickens if you can, pig if you have enough space. I’m not joking here. Also, do guirrilla planting. Apple tree on the verge

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  • theboltonfury says:

    P4ac – that’s right in principle.

    However you can explain to my kid why he is playing in the potato trench as opposed to a nice lawn with a swing on it

    can we not have both?

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  • @planning4acrash – how do people in a rabbit hutch (AKA City centre app) 50ft up in the sky in say Liverpool, Leeds, Newcastle or London take up your suggestions?

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  • planning4acrash says:

    I live in a tower block. Have winter kale in my window box, herbs & basil on my window cills, visit country to get, then freeze berries, grow non perishables like garlic @ my folks. Anybody can sprout seeds, nuts, pulses all yr inside. Mushrooms also.

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  • p4ac – I don’t beleive you live in a tower block.

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  • P4ac – hear, hear.

    Guys, we saw this coming, we’re in recession, our time to make good on our moaning and complaining and do something about it is now. We know the government won’t help us.
    All it takes is supporting local farmers, local business. If it’s extra money, so what – is the food that goes into your and your families mouths really not that important? Make that little effort to avoid the supermarkets, spend less, plant some veg, save some money, brew your own beer, whatever it is.
    There’s always excuses and blame – if we can’t even make these small steps because we’re too lazy, don’t want to spend the extra money or whatever, then we absolutely deserve everything we get.

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  • It’s on wikipedia so it must be true (under smallholding):

    “There is a little-known piece of national legislation in the UK which mandates that a council must provide a smallholding to any group of eligible residents who express an interest”

    I’m ready to embrace this feudal age.

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  • ‘Struth. All this end of days stuff is a bit OTT for me.

    Having said that, I have today been assembling the new chicken house for Mrs Doff and, we are having the Riva log burner installed shortly (despite the recent moderation in oil prices).

    I don’t think I’ll be stocking up on tins of beans and bottles of water just yet though.

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  • p4ac – have you calculated the energy cost required for you to personally go to the countryside and pick berries, versus the energy cost for berries to be brought in bulk to your nearest supermarket? Which is more sustainable?

    I love this argument. Whenever I hear people wittering on about “food miles”, it’s fun to compare the food miles attached to bringing 10000 punnets of strawberries 1000 miles vs driving 1 mile in your car to pick up 1 punnet of strawberries from your local farm.

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  • James – what about the journey to the supermarket?

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