UK back in Recession

**Damien** · 25-04-2012, 08:34

http://www.guardian.co.uk/business/2...-dip-recession

It's just come in, 0.2% contraction for the last quarter. The UK has re-entered recession.

denphone · 25-04-2012, 08:37

Quote:

Originally Posted by Damien

http://www.guardian.co.uk/business/2...-dip-recession

It's just come in, 0.2% contraction for the last quarter. The UK has re-entered recession.

Thats not good news at all.

martyh · 25-04-2012, 08:39

so the fuel panic buying didn't help then

Gary L · 25-04-2012, 08:40

We'll have to put the prices up again on everything a bit more. and then give away a few more billions.

**Russ** · 25-04-2012, 08:41

Quote:

Originally Posted by martyh

so the fuel panic buying didn't help then

That happened over a few days, so unlikely to have a noticeable effect on quarterly results.

**Damien** · 25-04-2012, 08:41

Government must try something else now surely? Start some building projects, push for HS2 to be started as soon as possible.

martyh · 25-04-2012, 08:58

Quote:

Originally Posted by Damien

Government must try something else now surely? Start some building projects, push for HS2 to be started as soon as possible.

It's a must as far as i am concerened .HS2 is a possibility but isn't that a few years way from starting ? Whatever they do they need to go for something that needs a multitude of different types of companies to maximise the work created

Dave42 · 25-04-2012, 08:59

Quote:

Originally Posted by Damien

http://www.guardian.co.uk/business/2...-dip-recession

It's just come in, 0.2% contraction for the last quarter. The UK has re-entered recession.

don't know how anyone is surprised by that with this rotten to core goverment

**Damien** · 25-04-2012, 09:03

Quote:

Originally Posted by martyh

It's a must as far as i am concerened .HS2 is a possibility but isn't that a few years way from starting ? Whatever they do they need to go for something that needs a multitude of different types of companies to maximise the work created

Well America seems to have managed some growth, it's hard to judge if what they did would work here but the current strategy doesn't seem to be working.

Saaf_laandon_mo · 25-04-2012, 09:03

I need my waistline to contract by a few percent.

Ignitionnet · 25-04-2012, 09:14

Best have Merv the Swerve crank up the printing presses again, clearly Â£325 billion created money isn't enough and we need more, after all it's working so well...

Main cause behind this is a big drop in construction, again. Construction should be the cure, not the disease.

Time for a massive cabinet reshuffle, bring in some people who actually spend some of their time in the real world.

**Damien** · 25-04-2012, 09:30

What can the government invest in? What could we build?

Saaf_laandon_mo · 25-04-2012, 09:35

Quote:

Originally Posted by Damien

What can the government invest in? What could we build?

More social housing? In London. So we don't have to send families to Stoke?

Ignitionnet · 25-04-2012, 09:49

Quote:

Originally Posted by Damien

What can the government invest in? What could we build?

Housing. I understand there are a few problems with supply and affordability especially in the south.

In the interim telling NIMBYs to properly shove it where the sun doesn't shine and completing planning reform rather than watering it down to appease the usual suspects would also be good.

Obviously neither is going to happen as things stand. The government are more interested in pandering to the buy to let brigade for their votes so continue to have them allowed to offset mortgage interest against rent for tax purposes while those on owner-occupier mortgages receive no such consideration and those paying already over the odds rents cover this loss of revenue from income tax.

PeteLockwood · 25-04-2012, 09:53

Quote:

Originally Posted by Saaf_laandon_mo

More social housing? In London. So we don't have to send families to Stoke?

or a suggestion at cost cutting, stop paying housing benefit of 400 per week ?? then use that money on infastructure, scrap ALL foreign aid of all kinds, again spend the money on infastructure, i am quite sure 10+ billion could help stimulate the economy if spent wisely, like mentioned above HS2 would be a good start..