unclebuck

This'll have to do for now...

One of the reasons why the economy is strong is because so many people have borrowed ridiculous amounts of money. But with the amount of people being laid off recently (IBM, Rover etc) I just hope this isn't a trigger for a recession.

There is no incentive to save at present. So I'd like to see interests rates move up to nearer 6-8%. This would also assist the older generation who have seen their savings whittle away. Bit more long term prudence and less short term greed. Plus I wouldn't think about changing house right now as you could be left with serious negative equity in due course.

Britain will be in recession by summer 2007. The irony is that the Labour government have taken us through the same boom and bust cycle as the Conservatives did in the 1980s, just by a different route. Enjoy it while it lasts - the second half of the decade will be a hard slog.

This is the end result of Gordon Brown's stealth wealth policies. Instead of the recession we faced in 2000 we now get a bigger one with massive debt and housing bubbles thrown in for good measure. Some economic miracle!

How can a country which continually allows its manufacturing facilities to close down have a great economy? People are up to their neck in debt because the government have not implemented controls over borrowing. When all this debt has to be repaid where is the money coming from? Wages are not in line with borrowing so the whole thing is going to go belly up pretty soon.

We have been in a recession for some time; I do not understand why no one has seen it. Unfortunately, another 5 years of this Government will make things very much worse. I predict a return to the late 1970's "Winter of Discontent".

we are about to reach a tipping point. High fuel costs, high levels of borrowing, saturated housing market, can only point to difficult times ahead.

Sooner or later we will have to pay for the apparent prosperity that many of us in the UK - but by no means all - have experienced over the last 15-10 years. The longer we go on pretending that we are well off, mostly due to hugely inflated housing prices and high levels of personal debt, the worse the crunch will be when it comes

etc... etc...

unclebuck

Strangely I read it precisely the other way around. Your sort *think* you are doing well because you have borrowed so much, but your house of cards will soon come tumbling down as redundancy strikes and you can't service your debts.

Enjoy....

gsm1

UB, Blair is telling us to be calm but he doesn't want us to be calm at all. All this fear works to the government's advantage.

unclebuck

Forgot to add, when the recession does stike, your hero will neatly sidestep it all by resigning and living in splendour from the proceeds of his memoirs. - "How I Covinced Everyone They Were Doing So Well And They Believed It And Voted For Me"

LOL

unclebuck

Thank god... the voice of sanity at last...

Indeed, they can galvanise public opinion, and get cross party support to push through the next batch of 'measures'. It's very scarey.

GCollier

You assume a lot.

The only borrowing I have is a relatively small mortgage, which if I had to I could pay off by liquidating other investments. My cars and other toys are paid for in cash.

Gary.

Suresh

How about this one, lul. Stupid is as stupid does!

Leslie

There is a great big hole in Brown's calculations which they have managed to hide so far. The economy is based on extensive credit.

I am not looking forward to the big collapse and the ensuing recession.

Billy wont even be able to afford the make-up bill!

Les

unclebuck

Indeed. You know it, and I know it.

Pity that pig ignorant trolling smackhead suresh is too thick to realise.

"I get all my information from the economist" yeah right... LMAO

GCollier

If you take a look at the PSBR of the UK government as a percentage of GDP under the last conservative government, you'll see they had a much bigger black hole on their hands which they were continually borrowing themselves out of.

But given you're such an expert on economics UB I'm sure you must know this already.

Gary.

unclebuck

I've never claimed to be an economic expert - unlike some. Personally I doubt if your statement about Public Sector Borrowing above is correct although I'm sure you will have some figures to back it up.

The point is, who cares what happened under the Tories? What's important is what is going on under the present lot, and where it's leading us. That's all I'm concerned with.

CoobyS

Government policy has motivated/spawned terrorists.

These motivated terrorists are behind the suicide attacks.

You seems to believe what TB says as being the truth. Did you also believe that Iraq had WoMD and they could launch an attack on the West in 45mins?

Suresh

Pig ignorant : nope
Trolling : probably
smackhead : wtf ? Your basis for this accusation is what exactly?
thick : not

Keep it up you big keyboard hero, you.

Suresh

Fact : terrorists cause terrorist attacks, regardless what their apologists would like us to believe. The key question is why are you an apologist?

CoobyS

No. The key question is what is the root cause of terrorism in the UK? You have been unable to answer this one question through and through.

Suresh

I've answered it numerous times. Check again.

CoobyS

You keep repeating what Tony Blair has fed you. You won't gain much credibility doing that and just shows your inability to think critically, as seen in the Religion thread.

Suresh

You keep asking the same question and ignoring it when it gets properly answered - but not with the answer you want to hear.

You must be a special sort of idiot, probably another Tory loser