egafd.com

uk in worst double dip recession for 50 years,and they used to say the one thing you could trust with the tories was the economy ..lol

http://www.guardian.co.uk/business/2012 ... -recession

Your right in that the weather and the Jubilee are to blame this time.!tumbleweed! Don't think George will be around much longer. Ken clarke chould be brought back???

"Of course this is all very sad news but there is nothing that can be done about it."

The policy that Osborne is following - austerity, austerity, austerity is not working. The economy has crashed since Osborne took over. Targets for deficit cutting have not been met and are way off course. Targets for growth have bombed year on year. The same policy is not working in Greece or Spain. There are alternatives. What is happening to the economy is entirely predictable and was predicted by most economists and the Labour party from Day 1 of the coalition government.

"About 5 years should see some improvement."

Better tell Cameron that. Only about 10% of the cuts have occurred. Massive cuts are planned for 2016 and 2017 and Cameron stated that austerity will probably last at least until 2020.

"What alternatives? Labour doesn't have any solutions?"

I dont think you have been listening then. Labour's argument was that Osborne has been cutting too deep and too fast. And they have been proved correct beyond question. Labour have suggested a bank bonus tax to fund jobs for young people and build thousands of affordable homes, a temporary VAT cut, tax breaks for small firms taking on extra workers and to genuinely bring forward infrastructure investment.

Not a single economic prediction made by Osborne has proved correct. When you say there is no alternative, you are totally wrong. The UK came out of recession in summer 2009. In the four quarters before and the quarter after Labour lost the 2010 election, there was growth in the economy. Then the Tories got in and there has been no growth whatsoever and we are back in an unheard of extended double dip recession.

To give you an example of what Osborne did which was crazy. In 2010 he was talking about rebalancing the economy away from financial services towards manufacturing and construction. In 2011 there was a 16% drop in construction output and in the last quarter reported yesterday there was a 5% drop just in that quarter.

WHy was that? Because Osborne cut huge numbers of infrastructure projects in 2010 which were ready to roll and now we see the results. It is impossible to get rid of the deficit without growth. The US has spent on infrastructure projects and has recovered far better than we have. THe UK under Cameron has done no better than the likes of Italy and Spain even though the UK has the massive advantage of having control over its own currency and being able to devalue to try and sell our way out of recession.

We are in a double dip recession which is of the Tories making. No question!

JoshuaDarcey wrote:

> What alternatives? Labour doesn't have any solutions? Where are
> their policies? They have none!

You are wrong! New Labour does have a solution to our economic problems. Strangely it is the same solution for every single other problem in our country. Their solution to every problem is this:

!cigar!SQUANDER LOADS OF MONEY!cigar!

to my knowledge during the whole 13 calamitous years of New Labour did one single problem get addressed in any other way apart from them issuing the following order, "PRINT MORE MONEY!

A New Labour "universal problem solving machine" in action, here being used to help out the Americans!

[img]http://southernnationalist.com/blog/wp- ... money1.jpg[/img]

"We are in a double dip recession which is of the Tories making. No question!"

You are wrong. We are in a double dip recession because Nu-Labour put us there.
No question.

What part of the phrase "global banking collapse" do you not understand?

Secondly what information do you have to back up the phrase

"We are in a double dip recession because Nu-Labour put us there."
?

My little trolling pal.

You have no info to back that up.

Troll on.