Thursday, Dec 17, 2009

Oh no, the green shoots are withering (again)...

Independent: Confidence falls on fears of 'double-dip' recession

A ComRes survey of 257 business leaders for The Independent found that the proportion detecting "green shoots" in their sector had dropped from 49 per cent in November to 36 per cent this month. For the first time since July, a majority (53 per cent) of businessmen now detect no signs of economic recovery, while 11 per cent are "don't knows".

Posted by mrflibble @ 08:15 AM (1586 views)
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1. crunchy said...

The recovery will now be 6months away. Yes, I have said this a few times now, but bear with me please. It has been reported that the

wrong type of snow is coming that may derail our cunning plans for another false dawn in yet another desperate attempt to save our own

hides. If we do get a hung Parliament, I promise it will be Brown in line first, for the angry swinging voters and peasant onlookers.

Yours insincerely

The Badger.

Thursday, December 17, 2009 09:08AM Report Comment

2. Joe In Praha said...

For there to be a "recovery" there needs to be something to recover.
The "good times" were a bubble and an abnormality.
I thought people understood and accepted this.
If government, business and individuals want to plan for the future they need to take this fundamental point on board.
Either we need to be honest in our terminology and about our ambition - i.e. to re-inflate the bubble (or rather allow it to continue to inflate as in my opinion it was never properly burst) or we need to start considering what is realistic and sustainable.

Thursday, December 17, 2009 09:17AM Report Comment

3. growler said...

... we/you British are a country of cynics.

But with car scrappage scrapped across Europe and various other injections of cash reduced everywhere else, it won't be just the UK that is in danger of a double dip. This will pull Greece, Spain, Ireland, Italy, Japan - and the UK into a problem that will be hard to contain to just those countries

The money has to be on a flight to safe havens and highly volatile flows of capital to countries with better interest rates

Thursday, December 17, 2009 09:48AM Report Comment

4. crunchy said...

The scrappage scheme indeed. I wonder what 'big oil' will try to do in order to bridge the gap in their future falling revenues.

Something of global proportions I'm sure. I think Al Gore will know, after all, he invented the internet?? ; )

Thank God for cynicism and it's true purpose.

Thursday, December 17, 2009 10:38AM Report Comment

5. a saver said...

Well my business hasn't suffered directly at all because of the recession, because it doesn't rely on continual HPI.
But my personal wealth has taken a hit because of this governments actions to stave off the recession and bail out the reckless banks and homeowners - I am losing about 10K a year in bank interest on my cash stash designated for housebuying. I'm renting a crappy ex-council house in the middle of nowhere for £525 a month while reckless idiots sit gloating in detached houses for less than half of what I'm paying. Yes I know that theoretically they should be losing capital value rapidly right now but the HPC that would have allowed me to buy a decent house this year seems to have been postponed thanks to GB/AD.
And next year I can look forward to paying another £1000 in national insurance contributions.
I don't want to hear any more about Browns hardworking families struggling at this difficult time of year or the need to support struggling businesses, bah humbug!

Thursday, December 17, 2009 12:15PM Report Comment

6. andrew said...

You can't blame the Labour Party or Gordon the moron.

The conservatives wouldn't have done anything different blah blah

Paying more tax is good for you and for all of us, didn't you know ?

Thursday, December 17, 2009 12:52PM Report Comment

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