Petem95

http://news.bbc.co.uk/1/hi/business/4902294.stm

Nearly 15,000 job loses this Feb alone

Is this the start of the bubble bursting?.... We've had an economy based in government and consumer borrowing for the last 7years or so (totally unsustainable) - it was never going to last.

Most economists reckon the inevitable correction will be a nasty one...

I dont see where Gordon Brown will get the money from to create some more pointless government sector jobs this time - I guess he could raid pension funds?... oh hes done that one already. Sell off most of the UK's gold supplies? ... oh hes sold most of it already since coming to power, erm... he could borrow some MORE money?... if the banks will let him borrow EVEN more.. then at least he could keep the dream alive just a little longer!

Goochie

He could stop giving it away to other countries?

The Zohan

I feel a rise in fuel duty on its way soon.

lozgti

10% fall in value of 'City living' (crap posh flats) round here and the market seems deathly quiet generally.

The unemployed mentioned above will quickly be given a new title though and won't officially be unemployed and ruin TB's figures

Phew

SJ_Skyline

Article from February

The point to take away from it is this:
'The statistics office also reported that a record 7.9 million people are now classified as "economically inactive" meaning they are unwilling or unable to work, the highest number since records began in 1971'

Petem95

Wont have to wait long - the rise in fuel duty which was quietly announced in the Budget this year comes into force in September (they delay it so people dont associate the increase with a tax increase..)

That'll add a futher few quid to a tank, and prices will probably be over 100p/litre by then anyway..

Wurzel

iTrader: (1)

Did you all see the news that he is giving 8 billion to Africa to pay for education. How about investing 8 billion on the UKs education system first.

FlightMan

Ah but this is Gordy's "legacy"

How about leaving a legacy to this country first, you grinning Scottish ****.

AudiLover

TBH we will make billions and billions of africa from what could be regarded as unfair trade alone. All that nice cheap food, labour etc has to come from somewhere.

kingofturds

iTrader: (1)

This goverment no longer serves the public,it dictates to them

Suresh

The increase in inactivity (ILO definition) is due to an increased number of students who are busy getting themsleves educated, which is obviously terrible for the country . The upshot is that future generations of better-educated SN posters might actually post something based on facts. rather than just regurgitating Murdoch drivel .

http://www.statistics.gov.uk/cci/nugget.asp?id=1012

Suresh

dpb

It still confuses me , all those thousands of extra degree qualified students - are there enough jobs for them out there..?

kingofturds

iTrader: (1)

You believe goverment statistics

Suresh

You're right now naiive to have any faith in ILO standard statistics. Can I borrow your Sun when you're done with it, so I can find out what's really going on


Theortically the Poles can take all the manual work and the better-educated will help to expand the knowledge economy. e.g. provide banking services to all those Poles

Suresh

kingofturds

iTrader: (1)

The sun daily sport for me son, You just need to look at the offical crime figures to realise they talk utter bollox.

dpb

lol - the knowledge economy is migrating outta here - do we not have enough bank tellers already..

douglasb

Theoretically, you are correct. In practice, I suspect that Burger King will never have had better qualified burger grillers.

lozgti

Would you seriously employ the drivel that comes out of schools and 'University' now? Those top qualities of adding up and spelling are missing for a start.

My wife deviously confused a Bank Teller the other day by presenting her with some pound coins to count.She nearly fainted under pressure.

Nope,I can't see who will employ the next lovely bunch of abusive children/fake degree crowd.Add that lot to the figures as well

Petem95

Oh dear, Labour lover Suresh has turned up with some more spin

Obviously hes chosen to ignore record trade deficits, massive government and consumer borrowing propping up the economy, the millions on incapacity etc etc

I can only assume Labour granded him asylum, and showered him in benefits - so hes got a soft spot for them now...

AudiLover

Doesnt every government in the world borrow apart from the oil rich middle eastern nations?

Petem95

Yes, but most borrow an amount they are likely to be able to pay back at some point...

Suresh

What I posted about the reason for the increase in inactivity is a fact, in fact. You could check your facts on incapacity and find that your wrong in your assumptions there too. Actually, if you removed your head from your rectum you might be able to see that quite a lot of what you assert to be true is quite simply, bollocks. I can only assume that your bitterness stems from being one of life's losers, who feels they need to blame someone else for their own inadequacies. Either that or it's half term again

Happy Easter anyway!

Suresh

Dr Hu

We could stop giving the 25 MILLION pounds a day to the fecking EU

Makes my blood boil every time I remember this.......

FlightMan

Look up how many banking jobs have gone overseas, and you'll see the futility of your agument!

Suresh

Do you actually have any employment or GDP statistics for the UK banking sector? I think you'd be surprised.

Suresh

Petem95

Its a pity non of us have the connections that Suresh does - which provide him with all the FACTS which he knows to be 100% true....

The rest of us are just fed lies it seems, and we only know these are lies when Suresh comes along to put us in our place

AudiLover

More money gets borrowed to pay it back. Most governments work in that way.

tath

Everyone's fed lies every day of their life. Fun bit is trying to figure out which approach the truth. In fairness, The Economist is quite even minded and has had a few recent articles about this topic.