Looking at the tracker cant understand how the government claim slowing feb 11 compared to feb 12 its worse in feb 12. Its the best way comparing as you then eliminate seasonal changes.
http://www.bbc.co.uk/news/10604117
Quote:
Originally Posted by LexDiamond
The government have to make cuts due to the stupidity of Gordon Brown.
Not making cuts is no longer an option.
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there another thought though austerity aimed at the wrong section of the country. That less money in peoples pockets on household combined wages less 42,000 as example will stagnate the economy send it very quickly into recession.
Without people spending less tax is generated we actually harm the aim to take on the debt.
People who struggling badly will then send us into another credit crunch you can only tighten belts so far. Once you money dont fund your core living standards then loans sought to keep going hense news CCCS.
The debt is basically being shoved onto individuals not the government ala redistribution but this got us credit crunch not long back. They want businesse to get a loan we just seen what happens with premier foods is into its eyeballs with 1bn cant pay it.
Quantive easing will cause more issues too and sadly trying to keep interest at 0.5% is another issue.
There is idea banks would hate it
Unemployment issue massive burden we should do more to create jobs. The banks should offer interest free loans to small/medium businesses for job creation with very favourable monthly repayments that business can afford. That way we would see job market pick up. It would create tax four the country better more people able to spend. We also with the safety net raise minimum wage encourage businesses raise wages.
Squeezing wages is not the answer to the problems it just slitting the throat of the country.
Public sector needs streamling how it spends thats reduction of top earners pay. You only got look the councils see top earners around 150k which in this climate criminal. The way they waist paying for goods tied to shocking contracts for supplies. I know they paid way over odds for computer equipement £6,000 a piece. That was neede to be sorted out. A leaner more efficient public sector then could possibly kept many services and frontline jobs. Those then would not been unemployed.
Its how they tackled the problem its been completely about faced.
Make the banks pay better structured public sector chase the cheats defrauders of tax changed tax rules to close loopholes. Kept people in work encourage private sector employ workers.
---------- Post added at 12:05 ---------- Previous post was at 11:51 ----------
Quote:
Originally Posted by Gary L
Maybe the olympics will cheer everybody up a bit.
I think Mr Cameron will come up with a really good idea to cheer everyone up a bit sooner than that though.
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sadly fearing the oposite when the bill comes in to collect it will be one big bombshell waiting to hurt us more.
Supose bonus we will see some employment surge while its on can this event make a profit for the country in terms what its going to cost. I am wishing we could call IOC ask them to take it away as the country cant afford it.
Estimates you will rake in around $135-$335m in revenue considering the outlay of billions it wont make a profit. The more our spending blooms all the rubbish being spoken on budget its already gone beyond 2 estimates.
That money could been re-invested to help cussion the country unemployed. Just wish france would won it how bad did greek olympics took them into bad debt.