Saturday, January 9, 2010

Recipe for Depression

Big Deficits Cloud Britain's Future

Even as Britain recovers from recession, it faces one of the largest budget deficits in the world at more than 12.5% of gross domestic product. That's nearly twice the deficit level it faced during the last major economic crisis of the early 1990s. Paring it down will drain billions of pounds from the economy, as the government boosts taxes and squeezes spending at a time when British consumers face mountains of debt.

Posted by devo @ 02:20 PM (1284 views)
Please complete the required fields.



5 thoughts on “Recipe for Depression

  • But i thought in PMQs this week that out illustrious leader said that all nations were in as much debt as we are?….

    Reply
    Please complete the required fields.



  • “Many economists fear that in the coming years the U.K. could still lag during periods of painful government and consumer belt-tightening. Taming the deficit will be a defining issue in the U.K. general election expected next May, and both major parties promise tough measures”.

    OK Gordo….why wait. Start being prudent NOW.

    Reply
    Please complete the required fields.



  • Cashrichassetpoor says:

    “Mr. Dell does gives credit to the government for being proactive. But he also believes that some of its recent programs have been misplaced. In October, for example, he was offered £50,000 to pay for the costs of consultants. What manufacturers really need, he says, “is practical help such as upgrading software and training people.””

    Reply
    Please complete the required fields.



  • [email protected] 1 said…

    OK Gordo….why wait. Start being prudent NOW.

    Dave and his fag plan just that.

    Contrarian view:

    Maintain present course – await revived output and profitability of public (de faccto) banks.
    It’s not pretty either way. but Dave’s stated inclination could mean depression.

    Reply
    Please complete the required fields.



  • @braindeed,

    I don’t want to reproduce “the Mail” but getting rid of highly paid policy planners for policies we don’t need and can’t afford would be a good idea. For each one saved, we could employ a couple of road gritters in their place and still have money over.

    Implementing Dave’s ideas might actually give the people of the UK some hope that not all the pain was being felt in the private sector. I assume that’s where your “output” would be coming from…

    Maintaining the present course will bankrupt us. Look at the articles posted this week.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>