The Labour Government

[Mazzarelli's Swiss Cheese]

Economy shrunk again by 0.1% in October.

She has had an incredible effect so far that’s for sure.

Another 0.1% in November announced today

 

[Kompany Car]

Another 0.1% in November announced today

I appreciate that 0.1% could be in the noise, but thats why there is concern when its consecutive months.

What I dont think people realise is what it means in financial terms. The parties can talk about a £22Bn black hole, but if the economy shrinks by around 0.8% that would also cost the UK £22Bn.

The figures might be revised upwards but it needs to be turned around quickly or we will all end up materially poorer and there will be even less money for public services.

Personally I think we will see a slight up tick in December due to Christmas as is normally the case. The size of that by comparison to previous years will be interesting to see.

 

[Brewster's millions]

Economy shrunk again by 0.1% in October.

She has had an incredible effect so far that’s for sure.

They’ve actually managed to shrink the economy overall since the election, for the four months of data available.

That’s quite an achievement given that in the four months leading up to the election the economy was in fact ticking along very nicely, growing at a 1.9/2.0% annualised pace.

It’s almost as if continually talking down the economy, manufacturing entirely spurious speculation of a run on the pound in order to justify removing the WFA and signalling huge tax rises is detrimental to confidence and growth. Who knew eh?

Still, it’s another thing for Reeves to add to her CV and if someone could update that list of Labour achievements I’d be most grateful.

 

[BlueHammer85]

will take a lot longer than six months to revive the economic damage the Tories have done the last 14 years

 

[mancityvstoke]

They’ve actually managed to shrink the economy overall since the election, for the four months of data available.

That’s quite an achievement given that in the four months leading up to the election the economy was in fact ticking along very nicely, growing at a 1.9/2.0% annualised pace.

It’s almost as if continually talking down the economy, manufacturing entirely spurious speculation of a run on the pound in order to justify removing the WFA and signalling huge tax rises is detrimental to confidence and growth. Who knew eh?

Still, it’s another thing for Reeves to add to her CV and if someone could update that list of Labour achievements I’d be most grateful.

freezing pensioners? Adding costs to employers so reducing employment and wages? Spunking money on train drivers who are loaded?

 

[stonerblue]

Banks are now offering only 5% deposit for mortgages (Nationwide for instance). Take a starter home/flat in the north, say £200k (yes you wont get a fancy area but you have to start somewhere), thats 10k deposit. With the LISA, 2 people saving 4k each and topped up by the government can have 10k is a year. For kids still living at home and working full time that should be pretty easy to do, if they cant then they really dont have much chance of maintaining a house and paying the bills.

I appreciate that many kids after university for instance, dont want to go back home, but thats the sensible thing to do, even if it means taking a lower wage and its not their dream job.

The real issue is for those who can't live at home due to family issues/brought up in care. Those circumstances I agree would make it very tough.

Yes, but my last line is relevant. In your perfect world scenario the 2 kids are being propped up by their parents if they don't charge the kids for 'bed and board'. Plus, after university they will have a 25k debt to pay off as well.

 

[Kompany Car]

Yes, but my last line is relevant. In your perfect world scenario the 2 kids are being propped up by their parents if they don't charge the kids for 'bed and board'. Plus, after university they will have a 25k debt to pay off as well.

They dont have a 25k debt to pay off, its only paid back when they are earning over a certain amount and then its a percentage. Many people never pay the full amount and its written off and eroded by inflation.

If people are charging their kids a lot in bed and board then, they need to reassess their priorities. Any more than £100 a week is just profiteering from your kids unless you're bunging it in a savings account for them.

 

[TinFoilHat]

The media framing economy shrinkage as those nasty lefty socialists taxing business as the excuse.

You want a radical socialist idea? Put an expiry date on money. That way every **** has to spend it including that tight arse we all know that keeps it under their mattress.

 

[hilts]

I appreciate that 0.1% could be in the noise, but thats why there is concern when its consecutive months.

What I dont think people realise is what it means in financial terms. The parties can talk about a £22Bn black hole, but if the economy shrinks by around 0.8% that would also cost the UK £22Bn.

The figures might be revised upwards but it needs to be turned around quickly or we will all end up materially poorer and there will be even less money for public services.

Personally I think we will see a slight up tick in December due to Christmas as is normally the case. The size of that by comparison to previous years will be interesting to see.

We don't them to find another fucking 22bn black hole. How many more people will they off then and how many promises will they put on the back burner?

 

[Kompany Car]

The media framing economy shrinkage as those nasty lefty socialists taxing business as the excuse.

You want a radical socialist idea? Put an expiry date on money. That way every **** has to spend it including that tight arse we all know that keeps it under their mattress.

There is effectively an expiry date, its called inflation. Dont put the money to work and every day its worth less