Labour finally admit economic outlook far worse than Darlings Forcast!
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Labour finally admit economic outlook far worse than Darlings Forcast!
Britain faces worst recession in history, Cabinet minister Tessa Jowell admits - Telegraph
IMO I don't think we'll quite go into a depression, but a deep recession is pretty much a dead-cert now.
Labour had been peddling the theory that we'll be in for hell next year, then things will pick up and be back to normal in 2010/11. Clearly this is not going to happen, and it's likely the slump could easily last 5years+
Miss Jowell's comments as a "stunning admission" of the Government's true position on the scale of the economic downturn. The remarks suggest that the Government are considering the prospect of Britain facing a 1930s-style depression rather than a traditional recession.
Labour had been peddling the theory that we'll be in for hell next year, then things will pick up and be back to normal in 2010/11. Clearly this is not going to happen, and it's likely the slump could easily last 5years+
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I suppose governments are there to try and put a positive spin on everything tho really
#4
We had a meeting at work last week to discuss the impact on our business.
As a whole for our industry things wern't too bad apparently, until Mr D
issued his statement saying the state of the economy is the worst ever!!,
apparently thats what knocked the confidence out of the market.
lets hope it recovers sooner than later
Mart
As a whole for our industry things wern't too bad apparently, until Mr D
issued his statement saying the state of the economy is the worst ever!!,
apparently thats what knocked the confidence out of the market.
lets hope it recovers sooner than later
Mart
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Personally, I reckon Sh*t Brown appointed the biggest loser he could find so that when the economy HE built went **** up, he could point the finger and say, "Not me gov, it was him," and we'd all believe it.
Some of us, however, have more sense............
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It's going to get a lot worse, Toyota are looking like next to slash a huge number of jobs (16k reported apparently), a host of other big names down sizing to cope with the financial troubles makes you wonder what will be left.
Add to that the Madoff guy who swindled god knows how much and he may only be one of many out there... you have to wonder what the financial tsunami will be from that :s
Add to that the Madoff guy who swindled god knows how much and he may only be one of many out there... you have to wonder what the financial tsunami will be from that :s
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Britain faces worst recession in history, Cabinet minister Tessa Jowell admits - Telegraph
things will pick up and be back to normal in 2010/11.
+
things will pick up and be back to normal in 2010/11.
+
This is the new normallity
#11
we heard exactly the opposite during our meeting last week. Apparently they are well insulated from the current mess, due to the way they fund themselves
Mart
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Its not bullsh1t at all. Its not the main culprit but the world is now a place where time isn't an issue so financial problems in one part of the world affect all parts almost instantly.
The media appears determined to convince us the world is turning to **** and eventually it has a knock on effect. Its obviously not the cause but its certainly a factor.
Funny how the Olympic minister is mentioning this as we've got to waste vast amount of money on the Olympics during the worst economic downturn.
The media appears determined to convince us the world is turning to **** and eventually it has a knock on effect. Its obviously not the cause but its certainly a factor.
Funny how the Olympic minister is mentioning this as we've got to waste vast amount of money on the Olympics during the worst economic downturn.
She believes that multi-billion pound spending on the Olympics could help the economy during the downturn.
Last edited by EddScott; 16 December 2008 at 11:10 AM.
#20
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We had a meeting at work last week to discuss the impact on our business.
As a whole for our industry things wern't too bad apparently, until Mr D
issued his statement saying the state of the economy is the worst ever!!,
apparently thats what knocked the confidence out of the market.
lets hope it recovers sooner than later
Mart
As a whole for our industry things wern't too bad apparently, until Mr D
issued his statement saying the state of the economy is the worst ever!!,
apparently thats what knocked the confidence out of the market.
lets hope it recovers sooner than later
Mart
R
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Im sure it depends on what buisness your in really
- i cant imagine where all this liquidity is going to come from though
But there you go , its doubtless just me - If you just imagine everthing is fine and dandy , itll doubtless just turn out that way
- i cant imagine where all this liquidity is going to come from though
But there you go , its doubtless just me - If you just imagine everthing is fine and dandy , itll doubtless just turn out that way
Last edited by dpb; 16 December 2008 at 01:47 PM.
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