Saturday, April 18, 2009

‘Well he would say that, wouldn’t he?’

Recovery on the horizon for banks and the Budget

'Alistair Darling will tell Britain to invest in the recovery next week as he balances the worst economic figures since the Second World War with confidence about the upturn. The Chancellor’s cautiously upbeat message that the economy will bounce back to health next year, after similar remarks from President Obama, will come amid signs that the City is detecting the first signs of “green shoots”.'

Posted by hpwatcher @ 06:48 AM (1459 views)
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10 thoughts on “‘Well he would say that, wouldn’t he?’

  • HOGWASH

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  • Complete nonsense , he has to say this to keep his job, there is nothing the goverment can do , we are in a downward spiral and simply talking it up won’t make any difference , the cycle will continue for a year yet

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  • The budget will contain no solid foundation for the future and no effective repair work for the present.

    It will be an exercise in trying to make things appear to get better in the run up to the election.

    But as Darling knows nothing about economics, and his department officials reckon that saving New Labour is a worthless cause; he hasn’t a prayer of achieving anything.

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  • I wonder with all of these false calls that when there really is an up turn, if it will be taken seriously like the little boy who called wolf.

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  • I wonder if its all spin and an excuse to raise interest rates ( as they have too and want to make it look like they are careful this time ).

    I see the MPC member is painting the same reason.

    That said this is a house price lets get real site and none of us really want a recesssion.

    BTW – Friend of mine has a swedish wife, he just brought a one bedroom studio flat there in town freehold, not very big and normal price – £7000 ( yes 7 Thousand ) – you can get a 3 bedroom place detached on 1/4 acre easily for well under 100K……………………….Just our obsession with property here that makes it look ok!

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  • sparky – a year? That’s very optimistic.

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  • “Chancellor’s cautiously upbeat message ”

    He’s cautious because he knows he’s talking chite.

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  • Nervous would be a better adjective than cautious

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  • But then again, “mentally retarded badger” would be a better description than “chancellor”

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  • @ inbreda , yes you are quite right , this downward spiral has no end in sight , I wonder how many years house prices will continue to fall ?

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