dune Posted 5 August, 2011 Share Posted 5 August, 2011 HOW LOUDLY DO YOU WANT US TO SAY THE CUTS ARE TOO MUCH & TOO FAST ? They aren't dealng with the deficit, Government spending and borrowing have gone up. And what do you think would have happened to the interest rate on gilts had we taken the Socialist approach? Do you know what has happened to Spain and Italy? Link to comment Share on other sites More sharing options...
Seaford Saint Posted 5 August, 2011 Share Posted 5 August, 2011 I couldn't care less about starving people in Africa because that's their problem, not mine. However there is a profit to be made for our country if we provide the people to manage their agriculture, mining, etc. We have the proven ability to make Africa work. It might not sit well with your Liberal Elitest sensibilities, but this is the answer - not handouts. All handouts will do is keep these countries in the gutter, much like handouts to the benefits slobs in Britain. Dune if you are a Christian God help us. You are not for real....maybe you are. Link to comment Share on other sites More sharing options...
dune Posted 5 August, 2011 Share Posted 5 August, 2011 Do you always think in the altogether? Oh no - you rarely think. You just jerk like a puppet on a string, don't you. I'm sorry to rattle you my dear, but there comes a point when you should hold your hands up and concede the Conservatives got it right, Link to comment Share on other sites More sharing options...
bridge too far Posted 5 August, 2011 Share Posted 5 August, 2011 And what do you think would have happened to the interest rate on gilts had we taken the Socialist approach? Do you know what has happened to Spain and Italy? And what was the Socialist approach? I know what the Labour Party approach is, but I don't recall reading about a Socialist approach. Link to comment Share on other sites More sharing options...
dune Posted 5 August, 2011 Share Posted 5 August, 2011 And what was the Socialist approach? I know what the Labour Party approach is, but I don't recall reading about a Socialist approach. Oooooh get you. We're not happy are we. OK let's call it the 'New' Labour approach. Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 Do you know what has happened to Spain and Italy? We're not in the Euro, which is a large part of their problems. Link to comment Share on other sites More sharing options...
dune Posted 5 August, 2011 Share Posted 5 August, 2011 Here is a graph. Perhaps the forums pet Socialists would like to talk us through it. Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 I'm sorry to rattle you my dear, but there comes a point when you should hold your hands up and concede the Conservatives got it right, As they did on Black Wednesday ? Link to comment Share on other sites More sharing options...
bridge too far Posted 5 August, 2011 Share Posted 5 August, 2011 Oooooh get you. We're not happy are we. OK let's call it the 'New' Labour approach. I'm not happy with the GLOBAL financial situation, for sure. But I guess you're even more unhappy - your massive shareholding must have taken a knock today. Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 Here is a graph. Perhaps the forums pet Socialists would like to talk us through it. Looks to me that the best rates come from Greece, Ireland, and Portugal ? Not sure that's really a sound investment - you might as well include Iceland. Link to comment Share on other sites More sharing options...
dune Posted 5 August, 2011 Share Posted 5 August, 2011 (edited) I'm not happy with the GLOBAL financial situation, for sure. But I guess you're even more unhappy - your massive shareholding must have taken a knock today. I'm not exactly over the moon about it. That said I have 65% of my investments in an overseas fund which have so far weathered the storm far better than my UK equities which themselves haven't slid as far as the ftse 100. I'm in it for the long term though so not overly concerned .... yet. Edited 5 August, 2011 by dune Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 Just to add to Dunce's pointless graph, the maturity date for Greek investments is about to be extended to 15 - 30 years, and the interest cut to 3.5% as part of the new support package. Link to comment Share on other sites More sharing options...
dune Posted 5 August, 2011 Share Posted 5 August, 2011 http://www.bbc.co.uk/news/business-14419731 Britain was not in the "firing line" because it had acted to cut spending Link to comment Share on other sites More sharing options...
Jonnyboy Posted 5 August, 2011 Share Posted 5 August, 2011 People! People! People! Please read and consider: "Do not argue with an idiot. He will drag you down to his level and beat you with experience." Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 http://www.bbc.co.uk/news/business-14419731 Britain was not in the "firing line" because it had acted to cut spending It would have more creedence if the Chancellor of the Exchequer rather than the Foreign Secretary were saying it. Mind you, I think the Britain is not in the direct line of fire because we aren't in the Euro, not because of the Government's financial prestidigitation. Link to comment Share on other sites More sharing options...
badgerx16 Posted 5 August, 2011 Share Posted 5 August, 2011 People! People! People! Please read and consider: "Do not argue with an idiot. He will drag you down to his level and beat you with experience." How do you know I don't have the greater experience ? ( Mind you, the fact I consistently rise to the bait probably proves this point ). Link to comment Share on other sites More sharing options...
Saintandy666 Posted 5 August, 2011 Share Posted 5 August, 2011 Comparing the UK to the PIIGS is ridiculous. Our Debt as a percentage of GDP is much much lower. It always has been. The fuss the Tories kicked up was unjustified when they compared us to Greece and what not. Link to comment Share on other sites More sharing options...
trousers Posted 10 August, 2011 Author Share Posted 10 August, 2011 (edited) http://www.bbc.co.uk/news/business-14472805 The Bank of England has cut its UK growth forecast for 2011 from 1.8% to about 1.5%, warning that the "headwinds are growing stronger by the day". Bank governor Mervyn King said Europe's debt crisis and fears of contraction in the US overshadowed the world economy. Mr King told a press conference that the UK economy had weakened since May, adding that inflation was still on course to hit 5% this year. But he repeated that the Bank still expects inflation to fall next year. Mr King said that some of the biggest risks to economic growth come from the eurozone, where some countries are trying to shore up their fiscal and banking systems. "Were they to crystallise, the risks emanating from the euro area have the potential to have a significant impact on the UK economy," he said during a presentation of the Bank's latest quarterly inflation report. "The imbalances in the world economy are still not being properly tackled and the burden of debt is still there," he added. "This problem will take, I think, a number of years before we will find our way through it." Mr King said there were still reasons for economic optimism, however. "The central view is there will be growth. It is a gradual recovery, but it is still a recovery. There is a limit to what UK monetary policy can do when large, real adjustments are required” "I don't want to underestimate the gravity of the crisis facing the world economy. "But having said that, the UK has done what it can. We have a credible medium-term fiscal plan, which many countries do not, and we have had a depreciation of our exchange rate [which could help exports]," he said Edited 10 August, 2011 by trousers Link to comment Share on other sites More sharing options...
Wade Garrett Posted 10 August, 2011 Share Posted 10 August, 2011 Would cutting corporation tax increase growth, and net us more in taxes in the long run? Genuine question, not fuelled by any particular political dogma. Link to comment Share on other sites More sharing options...
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