The Spending Review (tackling the Socialists debt mountain)

[Whitey Grandad]

P A Y E from the public sector workers?

How about the national insurance contributions from everyone?

How about those businesses who have taken central government grants,which is public money?

Thanks for replying Whitey Grandad,but i cant see how this is all in the private sector?

 

PAYE from public sector workers just means that they don't cost the country as much as you might think at first sight, but it comes out of money that has been raised from other taxes. The same goes for their NI.

Personal taxes and NI come out of salaries that have been paid by institutions in the private sector.

The point is that all the money and wealth has to be generated by the private sector, and some of it is taken (stolen) by the government to spend as it sees fit. If it were to take less tax and leave more to the people and companies that created it, then they could spend it more wisely. What you have called 'public money' has all been created by the private sector.

[Johnny Bognor]

Oh yeah, really glad the bankers ****ed up millions of lives just so you could be proved right about Labour's so called profligacy.

 

The bankers did **** things up, no doubt about that. I have held them to account on many occasions. But my point is that a recession would have happened at some point, triggered by one thing or another. This time it happened to be the bankers.

 

1. Nationalise all banks without compensation ( The ones in the Private sector can be returned there when the crisis is over ) The banking system cannot be trusted at this moment to run it’s affairs properly, and when it returns to it’s normal state it will be highly regulated.

 

Some of the banks have been nationalised, namely the ones that got into trouble (and were responsible for their own downfall). I think that was the right thing to do, so I guess I must party agree with you. However, Barclays and HSBC didn't need a bail out, as they were able to cover their risks, so why nationalise them?

 

2. Implement a Tobin tax of 0.5% of every banking transaction to raise money for a public works program to bring unemployment down and thus facilitate growth in the economy

 

I kind of agree with a tax on the basis of giving the banks a kicking, but would not want to see a blanket tax. If you disproportionately tax a major industry, you will damage it. Just look at the pub trade here.....they pay disproportionate taxes via duty and they are being crucified. Also, tax and spend doesn't create wealth, it merely recycles wealth. It is this approach that has partly got us into the mess we are currently in, so it can't be a solution.

 

3. Bond holders to wait for their money until after said crisis to stop the spread of panic in countries such as Portugal, Spain and Belgium, because after these countries they will search for more taxpayers money with which to enrich themselves

 

I can see where you are coming from, but this woud make bonds less attractive and it is through bonds that government needs to raise cash. Could be shooting yourself in the foot so to speak.

 

4. Cut by at least half the income including expenses of MEP’s.They get too much,simples

 

Can't disagree with this.

 

 

I would add a point I have made before. There is a lot of wealth tied up in this country and we need to unlock this to fund innovation and creativity. This is one tagible way in which we can create wealth, thus providing better employment prospects for all. The problem we have with both political parties is that they don't really make decisions for the long term. Where will we be in 10, 15, 20 years time? What will be the impact of China, India and other fast growing economies? What can we do to maximise any potential? We need a government that will look at how we develop from a strategic point of view and sadly neither Labour or Tory can or will do this.

[saintfully]

PAYE from public sector workers just means that they don't cost the country as much as you might think at first sight, but it comes out of money that has been raised from other taxes. The same goes for their NI.

Personal taxes and NI come out of salaries that have been paid by institutions in the private sector.

The point is that all the money and wealth has to be generated by the private sector, and some of it is taken (stolen) by the government to spend as it sees fit. If it were to take less tax and leave more to the people and companies that created it, then they could spend it more wisely. What you have called 'public money' has all been created by the private sector.

 

Such a tedious argument I can't believe Im getting involved on a saturday morning.... but, the public sector can generate wealth and taxation via exports. Also, it is quite reasonable for money to be invested in the public sector which is then used to generate a profit - this is wealth creation.

 

The argument that the public sector dosn't generate wealth is wrong. The argument that the public sector dosn't generate wealth as efficiently as the private sector may or may not be true. Personally I suspect it depends on the industry - in terms of scientific development, real breakthroughs usually come as a result of quite high-risk research. Sensibly, the private sector does not like to take this kind of risk - but the public sector can and does... hence the UK has always punched above its weight in this area - becuase we have historically had a well funded public sector scientific research base.

[saintfully]

The bankers did **** things up, no doubt about that. I have held them to account on many occasions. But my point is that a recession would have happened at some point, triggered by one thing or another. This time it happened to be the bankers.

 

 

 

Some of the banks have been nationalised, namely the ones that got into trouble (and were responsible for their own downfall). I think that was the right thing to do, so I guess I must party agree with you. However, Barclays and HSBC didn't need a bail out, as they were able to cover their risks, so why nationalise them?

 

 

 

I kind of agree with a tax on the basis of giving the banks a kicking, but would not want to see a blanket tax. If you disproportionately tax a major industry, you will damage it. Just look at the pub trade here.....they pay disproportionate taxes via duty and they are being crucified. Also, tax and spend doesn't create wealth, it merely recycles wealth. It is this approach that has partly got us into the mess we are currently in, so it can't be a solution.

 

 

 

I can see where you are coming from, but this woud make bonds less attractive and it is through bonds that government needs to raise cash. Could be shooting yourself in the foot so to speak.

 

 

 

Can't disagree with this.

 

 

I would add a point I have made before. There is a lot of wealth tied up in this country and we need to unlock this to fund innovation and creativity. This is one tagible way in which we can create wealth, thus providing better employment prospects for all. The problem we have with both political parties is that they don't really make decisions for the long term. Where will we be in 10, 15, 20 years time? What will be the impact of China, India and other fast growing economies? What can we do to maximise any potential? We need a government that will look at how we develop from a strategic point of view and sadly neither Labour or Tory can or will do this.

 

I'm astonished to find I agree with Johnny on something (one thing?) More long-term planning please.

 

As for the bankers (by which I mean pretty-much all free-market fundamentalists - sorry, but they're cu.nts and I want blood).

[Johnny Bognor]

I'm astonished to find I agree with Johnny on something (one thing?)

 

Don't worry, you're in good company. Fuengirola agreed with me .......... once. VFFT has aso agreed with me in the past on the odd occasion. I am probably one of the only right wingers that it is OK for lefties to like. BTF, however, is a hard nut to crack.

[dune]

VFFT has aso agreed with me in the past on the odd occasion.

 

An honour indeed.

[Fuengirola Saint]

 

 

 

I kind of agree with a tax on the basis of giving the banks a kicking, but would not want to see a blanket tax. If you disproportionately tax a major industry, you will damage it. Just look at the pub trade here.....they pay disproportionate taxes via duty and they are being crucified. Also, tax and spend doesn't create wealth, it merely recycles wealth. It is this approach that has partly got us into the mess we are currently in, so it can't be a solution.

 

Have a look at this video and for arguments sake lets assume what they are saying is true, would you still disagree with a Tobin Tax?

 

[Whitey Grandad]

Such a tedious argument I can't believe Im getting involved on a saturday morning.... but, the public sector can generate wealth and taxation via exports. Also, it is quite reasonable for money to be invested in the public sector which is then used to generate a profit - this is wealth creation.

 

The argument that the public sector dosn't generate wealth is wrong. The argument that the public sector dosn't generate wealth as efficiently as the private sector may or may not be true. Personally I suspect it depends on the industry - in terms of scientific development, real breakthroughs usually come as a result of quite high-risk research. Sensibly, the private sector does not like to take this kind of risk - but the public sector can and does... hence the UK has always punched above its weight in this area - becuase we have historically had a well funded public sector scientific research base.

 

It's true that our government can occasionally turn a profit, although I'm struggling to remember any of the nationalised industries ever doing so. We should make a profit out of the banks that we have effectively bought when they are eventually sold and there should also be a couple of a percent return on the money we are lending to Ireland, but these amounts are very small compared to the bulk of the governments tax-take.

[saintfully]

It's true that our government can occasionally turn a profit, although I'm struggling to remember any of the nationalised industries ever doing so. We should make a profit out of the banks that we have effectively bought when they are eventually sold and there should also be a couple of a percent return on the money we are lending to Ireland, but these amounts are very small compared to the bulk of the governments tax-take.

 

Our largest exporter is BAE, formerly British Aerospace - which used to turn a profit before it was privatised. IMHO, the principal reason why the former nationalised industries aren't remembered for being hugely profitable is because they were primarily service industries. The profits these companies make now are often at the expense of service - the railways for example. Obviously there are exceptions on both sides. No-one is going to say British Leyland Cars were the envy of the world, and no-one is seriously going to suggest that a nationalised BT would be spanking NOKIA. However, BAE wouldn't be able to sell so much technology abroad without out nationalised education system - producing world class engineers/scientists.

 

My point is basically that only a simpleton would argue that the private sector is the only sector capable of generating wealth. It's the economics of stupidity.

[dune]

Our largest exporter is BAE, formerly British Aerospace - which used to turn a profit before it was privatised. IMHO, the principal reason why the former nationalised industries aren't remembered for being hugely profitable is because they were primarily service industries. The profits these companies make now are often at the expense of service - the railways for example. Obviously there are exceptions on both sides. No-one is going to say British Leyland Cars were the envy of the world, and no-one is seriously going to suggest that a nationalised BT would be spanking NOKIA. However, BAE wouldn't be able to sell so much technology abroad without out nationalised education system - producing world class engineers/scientists.

 

My point is basically that only a simpleton would argue that the private sector is the only sector capable of generating wealth. It's the economics of stupidity.

 

The problem with the public sector is the Marxist Unions. The Unions need to be destroyed and privatisation is the way to destory them. If it was down to me i'd do away with all of the public sector except police, fire brigade and the armed forces. Private health care (with provisions for the poorest) is the way to go with the NHS for example.

[saintfully]

The problem with the public sector is the Marxist Unions. The Unions need to be destroyed and privatisation is the way to destory them. If it was down to me i'd do away with all of the public sector except police, fire brigade and the armed forces. Private health care (with provisions for the poorest) is the way to go with the NHS for example.

 

Not surprisingly, I disagree with almost everything you just wrote. I think that nationalisation is the way forward with compulsory union membership enforced by threat of jail. The only way to save the UK from the threat of the anarchist free-marketeers is statism and a unionised workforce to ensure submittance of the individual to the group.

[Whitey Grandad]

Our largest exporter is BAE, formerly British Aerospace - which used to turn a profit before it was privatised. IMHO, the principal reason why the former nationalised industries aren't remembered for being hugely profitable is because they were primarily service industries. The profits these companies make now are often at the expense of service - the railways for example. Obviously there are exceptions on both sides. No-one is going to say British Leyland Cars were the envy of the world, and no-one is seriously going to suggest that a nationalised BT would be spanking NOKIA. However, BAE wouldn't be able to sell so much technology abroad without out nationalised education system - producing world class engineers/scientists.

 

My point is basically that only a simpleton would argue that the private sector is the only sector capable of generating wealth. It's the economics of stupidity.

 

I would certainly argue against that. The public sector includes the Health Service, Fire, Police, Defence and Social Services. The wealth-creating part is tiny as a proportion of government expenditure. Nationalised industries don't create wealth because they don't have to - they know that they cannot go bust. Every country in the world produces world-class engineers and scientists. In Britain it is often despite the comprehensive education system. Just a look at the government's own figures for the sources of the money it spends will show how little is generated by its own operations.

[Whitey Grandad]

Not surprisingly, I disagree with almost everything you just wrote. I think that nationalisation is the way forward with compulsory union membership enforced by threat of jail. The only way to save the UK from the threat of the anarchist free-marketeers is statism and a unionised workforce to ensure submittance of the individual to the group.

 

Communism has failed in every instance.

[dune]

Not surprisingly, I disagree with almost everything you just wrote. I think that nationalisation is the way forward with compulsory union membership enforced by threat of jail. The only way to save the UK from the threat of the anarchist free-marketeers is statism and a unionised workforce to ensure submittance of the individual to the group.

 

What you are describing is Marxism/Fascism/Socialism (all the same thing) and none of these ideologies work.

[Fuengirola Saint]

I see none of the Tories here have deigned to give their views on the video link i posted, c'mon boys i'm interested in what you think and if you can still defend the banks or oppose this tax.

[Joensuu]

What you are describing is Marxism/Fascism/Socialism (all the same thing) and none of these ideologies work.

 

 

Exactly, so do tell us again why you claim to support a party which is so obviously fascist?

 

http://www.bbc.co.uk/news/uk-politics-11828319

Edited 29 November, 2010 by Joensuu

[dune]

Exactly, so do tell us again why you claim to support a party which is so obviously fascist?

 

http://www.bbc.co.uk/news/uk-politics-11828319

 

 

A UKIP MEP has been ejected from the European Parliament after directing a Nazi slogan at a German colleague.

 

Godfrey Bloom said "Ein Volk, ein Reich, ein Fuehrer" - one people, one empire, one leader - as Martin Schulz was making a speech.

 

I agree with him. The EU is all about Germany trying to rule Europe. Essentially they're sneakily achieving what two world wars failed to achieve for them.

[dune]

[Joensuu]

A UKIP MEP has been ejected from the European Parliament after directing a Nazi slogan at a German colleague.

 

Godfrey Bloom said "Ein Volk, ein Reich, ein Fuehrer" - one people, one empire, one leader - as Martin Schulz was making a speech.

 

I agree with him. The EU is all about Germany trying to rule Europe. Essentially they're sneakily achieving what two world wars failed to achieve for them.

 

And that sir, is both where you are wrong, and where you show yourself up. If you agree that it's okay to heckle a German MEP with an infamous Hitler quote, I think your opinions are disgusting.

[Thorpe-le-Saint]

A UKIP MEP has been ejected from the European Parliament after directing a Nazi slogan at a German colleague.

 

Godfrey Bloom said "Ein Volk, ein Reich, ein Fuehrer" - one people, one empire, one leader - as Martin Schulz was making a speech.

 

I agree with him. The EU is all about Germany trying to rule Europe. Essentially they're sneakily achieving what two world wars failed to achieve for them.

 

I'm speechless. The ignorance is staggering.

[dune]

I'm speechless. The ignorance is staggering.

 

The only ignorance is on your part. I'm not surprised though what with you being a far left activist.

[trousers]

http://www.bbc.co.uk/news/business-11860585

 

"The independent Office for Budget Responsibility (OBR) says the economy will grow by 1.8% this year, higher than the previous forecast of 1.2%."

 

"The OBR also revised its forecast for the number of public sector job losses it expects over the next four years, down from 490,000 to 330,000."

 

Doesn't that put the number of public sector job losses below the 'natural attrition' threshold?

[dune]

http://www.bbc.co.uk/news/business-11860585

 

"The independent Office for Budget Responsibility (OBR) says the economy will grow by 1.8% this year, higher than the previous forecast of 1.2%."

 

"The OBR also revised its forecast for the number of public sector job losses it expects over the next four years, down from 490,000 to 330,000."

 

I'm amazed that none of the far left types didn't mention this.

[sandwichsaint]

It's true that our government can occasionally turn a profit, although I'm struggling to remember any of the nationalised industries ever doing so. We should make a profit out of the banks that we have effectively bought when they are eventually sold and there should also be a couple of a percent return on the money we are lending to Ireland, but these amounts are very small compared to the bulk of the governments tax-take.

 

Although the old BritishRail cost (lost) considerably less to run than the privatised railways now take in subsidies ... and the service was in many cases 'better' and with considerably lower fares pound-for-pound than those on offer nowadays.

[badgerx16]

http://www.bbc.co.uk/news/business-11860585

 

"The independent Office for Budget Responsibility (OBR) says the economy will grow by 1.8% this year, higher than the previous forecast of 1.2%."

 

"The OBR also revised its forecast for the number of public sector job losses it expects over the next four years, down from 490,000 to 330,000."

 

Doesn't that put the number of public sector job losses below the 'natural attrition' threshold?

 

I'm amazed that none of the far left types didn't mention this.

 

Surely you don't believe what a reactionary marxist organisation, riddled with corruption and bias, and driven by left-wing unionised ideology, might post in it's editorial, do you ?

[badgerx16]

http://www.bbc.co.uk/news/business-11860585

 

"The independent Office for Budget Responsibility (OBR) says the economy will grow by 1.8% this year, higher than the previous forecast of 1.2%."

 

"The OBR also revised its forecast for the number of public sector job losses it expects over the next four years, down from 490,000 to 330,000."

 

Doesn't that put the number of public sector job losses below the 'natural attrition' threshold?

I'l see your BBC article, and raise it with some Financial Times scepticism, they reckon it's far too convenient that at the last minute the OBR made changes to it's calculations that suddenly made their predictions more favourable to the Government's position.:

Edited 29 November, 2010 by badgerx16

[dune]

Surely you don't believe what a reactionary marxist organisation, riddled with corruption and bias, and driven by left-wing unionised ideology, might post in it's editorial, do you ?

 

So instead of welcoming the salvation of a few public sector jobs, and the forecasted growth, you choose to ignore the story and try to point score. I think you're typical of the far left - quick to cry oh woe is me, but slow to acknowledge the achievements of the Conservatives policies.

[badgerx16]

So instead of welcoming the salvation of a few public sector jobs, and the forecasted growth, you choose to ignore the story and try to point score. I think you're typical of the far left - quick to cry oh woe is me, but slow to acknowledge the achievements of the Conservatives policies.

And I think you are typical of the far right - what a way to carry on a reasoned debate

 

I don't think any of this is to do with 'Conservative policy' - nor more accurately with COALITION policy. I think the OBR is no more independent of the Treasury than Wales is of the UK.

Edited 29 November, 2010 by badgerx16

[Fuengirola Saint]

Still nobody wants to comment? I'll put it up again for Johnny,Dune ( Stanley ) Whitey Grandad and the rest of the Derechistas

 

[badgerx16]

Still nobody wants to comment? I'll put it up again for Johnny,Dune ( Stanley ) Whitey Grandad and the rest of the Derechistas

 

 

To paraphrase the interviewer "The money could be used to help save lives in the poorest countries, fight climate change around the world, and help avoid cuts to crucial public services" : no wonder they won't answer, they don't understand the concept.

[Johnny Bognor]

Still nobody wants to comment? I'll put it up again for Johnny,Dune ( Stanley ) Whitey Grandad and the rest of the Derechistas

 

 

I'll answer. Originally when you said "assume that it is correct", I didn't bother looking. I thought that I would agree with it if what was said was true, because you wouldn't have asked me to pretend it was true. But curiousity got the better of me, so I took a look. Assuming it was true, then I would agree with it as it happens. So, if someone can be kind enough to confirm the stats in the video, then I can fully and unreservedly agree (as long as it was introduced by all major nations, so as not to leave our finance industry exposed, which would be more damaging than is suggested in the video).

 

So, let me ask you a question (you still haven't answered my question re what is worse: a tory saint or a skate communist), but if I ask you this question, you must assume that the outcome is true. The result of a tobin tax causes financial collapse, followed by war resulting in millions of people being wiped out....., would you still be in favour?

[Johnny Bognor]

To paraphrase the interviewer "The money could be used to help save lives in the poorest countries, fight climate change around the world, and help avoid cuts to crucial public services" : no wonder they won't answer, they don't understand the concept.

 

 

FYI Badger, the bloke in the video wasn't a real banker, just an actor.

[LGTL]

http://www.bbc.co.uk/news/business-11860585

 

"The independent Office for Budget Responsibility (OBR) says the economy will grow by 1.8% this year, higher than the previous forecast of 1.2%."

 

"The OBR also revised its forecast for the number of public sector job losses it expects over the next four years, down from 490,000 to 330,000."

 

Doesn't that put the number of public sector job losses below the 'natural attrition' threshold?

 

Interesting. And not a hint of previous exaggeration either!

Edited 29 November, 2010 by LGTL

[Fuengirola Saint]

I'll answer. Originally when you said "assume that it is correct", I didn't bother looking. I thought that I would agree with it if what was said was true, because you wouldn't have asked me to pretend it was true. But curiousity got the better of me, so I took a look. Assuming it was true, then I would agree with it as it happens. So, if someone can be kind enough to confirm the stats in the video, then I can fully and unreservedly agree (as long as it was introduced by all major nations, so as not to leave our finance industry exposed, which would be more damaging than is suggested in the video).

 

So, let me ask you a question (you still haven't answered my question re what is worse: a tory saint or a skate communist), but if I ask you this question, you must assume that the outcome is true. The result of a tobin tax causes financial collapse, followed by war resulting in millions of people being wiped out....., would you still be in favour?

 

http://www.robinhoodtax.org.uk/how-it-works/everything-you-need-to-know

 

 

Here's some info, not sure what you'll make of it, re your question, i don't see how a tax of 0.05% would cause financial collapse and war but if it did i would obviously be against it. At least you were big enough to say that you would support it, just waiting for the others now

[Johnny Bognor]

http://www.robinhoodtax.org.uk/how-it-works/everything-you-need-to-know

 

 

Here's some info, not sure what you'll make of it, re your question, i don't see how a tax of 0.05% would cause financial collapse and war but if it did i would obviously be against it. At least you were big enough to say that you would support it, just waiting for the others now

 

At the end of the day, if there is a marginal tax, with no side effects, which can raise a lot of money for good, then of course I am for it. However, if there is a punitive tax, with major implications, which is tantamount to ****ing in the wind, then obviously I would be against it.

[badgerx16]

FYI Badger, the bloke in the video wasn't a real banker, just an actor.

Why thank you JB, I really hadn't worked that one out for myself !!!!!

 

The 'they' I was referring to were the targets being goaded by the OP - you, June, etc

Edited 30 November, 2010 by badgerx16

[Johnny Bognor]

Why thank you JB, I really hadn't worked that one out for myself !!!!!

 

The 'they' I was referring to were the targets being goaded by the OP - you, June, etc

 

Good stuff. I didn't want to shatter any illusions. As it is the festive season, I didn't want to have to explain about Father Christmas.

[trousers]

http://www.conservatives.com/News/News_stories/2010/11/Britain_out_of_the_danger_zone.aspx

 

"When we came into office Britain was in the financial danger zone.

"Our economy was unstable, our public finances out of control, our country on the international watch-list to avoid.

"We took decisive action.

"Now the independent OBR have confirmed that the British recovery is on track, our public finances are on the mend, our debt is under control, employment is growing and our economy is rebalancing."

[badgerx16]

http://www.conservatives.com/News/News_stories/2010/11/Britain_out_of_the_danger_zone.aspx

 

HM Treasury are currently advertising for a new economist to work in the OBR

 

http://www.civilservice.gov.uk/jobs/careers-detail.aspx?JobId=15989

 

I love the tag line : 'Please note - HM Treasury provides HR support services to the OBR, however the OBR remains independant from the Treasury', where they can't even spell independent correctly.

 

( As Jim Royle would say " Independent - my @rse" )

Edited 30 November, 2010 by badgerx16

[Thedelldays]

well...the latest wiki leaks gives us a little taster on how the world is STILL a very dangerous place

[dune]

Employers' demand for new workers in the UK rose in June, with a record number of new jobs being offered in the insurance and engineering sectors, according to recruitment agency Reed.co.uk.

 

The Reed Job Index increased four points to 125 in June, up from 121 in May, the London-based firm said in its report. It also noted a heightened demand for accountancy and legal staff, while the summer season had bolstered demand for leisure and tourism staff.

 

However, the report showed that salaries for the new jobs remained constant, at 98, for the second consecutive month.

 

In a separate report, the CBI/PricewaterhouseCoopers financial services survey showed that the financial services sector continued to recovery over the past three months to June, at a slower volume growth, but the fastest since the onset of the economic crisis in 2007.

 

"What is heartening is the unexpected, strong rise in numbers employed in the sector, the fastest since the financial crisis began in 2007," CBI's chief economic adviser Ian McCafferty said.

 

http://investments.hsbc.co.uk/news/economic/4335556/uk-records-strong-demand-for-new-workers-in-june

 

I have very high hopes for the next few months and I predict that we're going to see a mushrooming of encouraging news from around the globe. The hard times are over.

[Verbal]

Time for you then to invest more of your pennies in HMV and my pension.

[dune]

Time for you then to invest more of your pennies in HMV and my pension.

 

It's very encouraging to see the FTSE 100 back around 6000, and over the next 3 months in particular (you heard it here first) we will see the first fruits of the fantastic reduction in global public sector spending. It's a shame that we needed the financial crisis to redress the balance between the providers (the private sector) and the drainers (the public sector) but in the long run we'll look back and think that it wasn't a bad thing. It was a conservative ideology that built Britain and thank god we are getting back to that.

[Seaford Saint]

It's very encouraging to see the FTSE 100 back around 6000, and over the next 3 months in particular (you heard it here first) we will see the first fruits of the fantastic reduction in global public sector spending. It's a shame that we needed the financial crisis to redress the balance between the providers (the private sector) and the drainers (the public sector) but in the long run we'll look back and think that it wasn't a bad thing. It was a conservative ideology that built Britain and thank god we are getting back to that.

 

Above 6000? Whats encouragimng about that other than it would be worse if it was below 6000 - allowing for inflation we hundreds of points from where we would otherwise be....6500 to 7000 I should imagine

[Seaford Saint]

It's very encouraging to see the FTSE 100 back around 6000, and over the next 3 months in particular (you heard it here first) we will see the first fruits of the fantastic reduction in global public sector spending. It's a shame that we needed the financial crisis to redress the balance between the providers (the private sector) and the drainers (the public sector) but in the long run we'll look back and think that it wasn't a bad thing. It was a conservative ideology that built Britain and thank god we are getting back to that.

 

Dune you are surrounded by an air of stupidity I still can't work out if you are for real.....

[dune]

Above 6000? Whats encouragimng about that other than it would be worse if it was below 6000 - allowing for inflation we hundreds of points from where we would otherwise be....6500 to 7000 I should imagine

 

Watch this space over the next 3 months.

 

We are about to witness a avalanche of good economic news from the US and Northern Europe.

 

The ECB has already raised interest rates, and we will follow as fears recede.

 

Happy days.

[View From The Top]

Watch this space over the next 3 months.

 

We are about to witness a avalanche of good economic news from the US and Northern Europe.

 

 

http://www.bbc.co.uk/news/business-14081789

 

http://www.bbc.co.uk/news/business-13645813

[Seaford Saint]

Watch this space over the next 3 months.

 

We are about to witness a avalanche of good economic news from the US and Northern Europe.

 

The ECB has already raised interest rates, and we will follow as fears recede.

 

 

Happy days.

 

 

You are mental....house prices in the US continue to slide.....14 trillion in debt and no solution to reducing any time soon.

The Greek and other countries debt situation in Europe....they cannot pay it back and will default

I can't see a way out....

[View From The Top]

You are mental....house prices in the US continue to slide.....14 trillion in debt and no solution to reducing any time soon.

The Greek and other countries debt situation in Europe....they cannot pay it back and will default

I can't see a way out....

 

If Greece defaults then so will Ireland and if that happens we are f**ked.

 

US debt increases by $40,000 per second.

 

China is sitting back and just waiting whilst buying up all the US debt.

[Seaford Saint]

8 July 2011 Last updated at 16:22 Share this pageEmail Print Share this page

 

104ShareFacebookTwitter.US jobs creation stalls in June

Data suggests few employers are picking them up Continue reading the main story

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The number of new jobs created in the US in June was the lowest in nine months as the employment recovery stalled, new data has shown.

 

Only 18,000 new jobs were created in the month, way below expectations of a 90,000 rise, which had been raised by strong private sector hiring figures released on Thursday.