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Excuse my economic ignorance but why is staying the same seen as bad? Why does everything have to continually grow??
Because the conservatives said they would grow the economyQuote:
Originally Posted by fugsyphil
In truth, you don't. Just like if a businesses turnover was £1m and the next year it was £999,000 its hardly bad news. The pursuit of endless growth is unrealistic, just as the formal definition of a recession is rather arbitrary and short term.Quote:
Originally Posted by fugsyphil
However, it is a really important measure because it makes all other economic aspirations more difficult to achieve.
It's bad as well as it's a 0.3% deduction, which is unlikely to be graded up.
Several other countries in recession too
Sunak's 5 Promises from January 2023 - where he got all Rasta (I and I):Quote:
Originally Posted by SLUDGE FACTORY
"I fully expect you to hold my government and I to account on delivering those goals,"
He has failed dismally on four of them (growing the economy, getting NHS waiting lists down, stopping the small boats and reducing government debt) and crowed about the one that had virtually nothing to do with him (halving inflation).
Whatever the economic significance, it is a political prat fall by the Tories!
Norman Lamont on radio today, claimed that the public sector had far lower productivity when measured against the private sector. Especially since the pandemic. Something for you to chew on instead of bashing European nationalists.Quote:
Originally Posted by jon1959
Exactly. The BBC especially love to dramatise such non-events. The acid test is always how the FTSE 100 and especially the FTSE 250 react to such news - both have seen modest gains today. If there was a real issue then you would have seen an immediate panicky knee-jerk sell off of £millions worth of stocks and shares.Quote:
Originally Posted by JamesWales
What? :hehe: :hehe:Quote:
Originally Posted by NinianOpinion1927
I had high hopes that your Christian, caring side would realise what a bunch of tossers the Tories are but you remain one of those strange people that walk into a food bank to contribute but seem blind to the fact voting tory is the reason they are thereQuote:
Originally Posted by Gofer Blue
Norman LamontQuote:
Originally Posted by jon1959
Black Wednesday etc etc
Economies currently in recessionQuote:
Originally Posted by JamesWales
Denmark
Estonia
Finland
Japan
Luxembourg
Moldova
Peru
Ireland
United Kingdom
I never realised food banks only existed in the UK?Quote:
Originally Posted by SLUDGE FACTORY
Oh wait, they don't. It's just another thing you can ignore the real cause of to make a cheap party political point on the internet about, whilst simultaneously making the solution to the problem you profess to care about no closer to being resolved.
👍
This oh I am not a tory claim you made and often make is complete nonsense as this thread clearly showsQuote:
Originally Posted by JamesWales
You just can't help yourself , sticking up for them relentlessly
But you are not a tory ........yeah OK if you say so 😂
That doesn't help, Sludge.Quote:
Originally Posted by SLUDGE FACTORY
In response to a post on Sunak missing 4 of his 5 'judge me and my party' pledges, the poster now known as NinianOpinion1927 came back with Norman Lamont on lower public sector than private sector productivity (idle nurses and care workers?), and accused me of somehow 'bashing European nationalists'!
It was a 'Wibble' moment!
Total gobbledegook!
Although I suppose when it comes to a discussion about economic competence and public reaction to the lack of it, bringing Lamont in does add something. Even if that is by going off on the biggest and least relevant tangent possible.
Anyway, Black Wednesday. :thumbup: :hehe:
Not interested in those countriesQuote:
Originally Posted by MOZZER2
The conservatives told us last year that they would sort things out
Not .......we will sort things out BUT not if other countries are also in recession
I hope you are not stupid enough to fall for these fall promises
European Nationalists ........think the blackshirtsQuote:
Originally Posted by jon1959
I just like facts Sludge.Quote:
Originally Posted by SLUDGE FACTORY
If you say Manchester United play at Anfield, and I say they play at Old Trafford, that doesn't make me a Man United fan.
You don't solve problems by making up the cause of them. In reality, the opposite is true.
Yes but in most countries they haven't suffered from austerity for 14 years in addition to brexit and actually investing in infrustructure/people so we suffer more than most.Quote:
Originally Posted by JamesWales
It’s all a bit confusing isn’t it. In January 2023 Sunak made five pledges that he said we could blame him about if they were not achieved. Around this time last year, it was being said that one of the pledges was a dead cert - inflation was going to half because the rises in energy prices in autumn 2022 were going to go out of the equation thereby bringing in the fall of inflation Sunak wanted. The PM has been crowing about having halved inflation for the last few months, so he, obviously, wanted that one of his pledges to be taken seriously, yet when another of his pledges goes completely wrong as the economy officially shrinks rather than grows, the familiar faces are on here saying it’s not that important, plenty of countries are in recession, yet the PM they rush to defend said himself that he should carry the can if the economy wasn’t growing.
How many of his 5 pledges has he met?
Just halving inflation isn't it,although claiming that as his own when he blames the initial increases on outside factors is a bit of a stretch.
Reducing boat crossings possibly, although it has been shown that bad weather was a factor, despite James Cleverly's claims it didn't.
Do you seriously think that I don't ask why people need to go to food banks?! As a Christian my role is to help the needy regardless of the cause of their condition.Quote:
Originally Posted by SLUDGE FACTORY
Like others have said, I don't see how we can expect or need to have "growth" year on year.
Growth means we are expected to buy more and more "stuff" every year to create demand. That's unsustainable and poor stewardship of the world' resources.Quote:
Originally Posted by Gofer Blue
I am constantly amazed that someone who has values of caring for others can vote conservativeQuote:
Originally Posted by Gofer Blue
Can't you see the irony ?
Jon, i was referencing a recent thread where you attempted mental gymnastics to defend that Labour candidate and summarised by implying the real enemy was white Nationlists even though the protagonist was Asian and the target of his thoughts was Jewish. Not sure what fascism or white people had to do with it. Although you didn't explicitly use the word white, that's what you was getting at, read it yourself.Quote:
Originally Posted by jon1959
As for Normon Lamont, productivity in the public sector hasn't recovered since covid yet it has recovered in the private sector. This lag has in part caused the recession and contradicts your view in another thread where you and Doucas claimed the public sector had higher productivity, using some study on the NHS as your example.
Wasn't Black Wednesday when George Soros and his mates devalued our currency and made a killing? Or was that another occasion? Yet you want to imply it was Lamont's incompetenceQuote:
Originally Posted by jon1959
Bloody hell!Quote:
Originally Posted by NinianOpinion1927
Are you referring to my post where I did anything but defend the Labour candidate. I said he should have been dumped earlier.
I did point out that the Israeli government had had intelligence of the Hamas attack more than a year in advance (and again more recently) but didn't believe Hamas had the capability to carry out the attack - so the conspiracy theories were wild and unjustified. I also referred to a history of recent provocations by Israeli settlers and the government - trying to draw a reaction of some kind they could use - and pointed out the presence in the Israeli government of fascists. I didn't mention 'white nationalism'.
I honestly do not remember any post I (or Doucas) made claiming the public sector had higher productivity than the private sector - wit or without the NHS. But if I did, what relevance does that have to the thread or the post you replied to? Answer - none!
Yes - happy to imply (no, not imply - claim) the Black Wednesday melt down was the responsibility of the Chancellor of the Exchequer at the time.Quote:
Originally Posted by NinianOpinion1927
That was Nigel Lamont not George Soros. Look it up.
What a ridiculously gross generalisation!Quote:
Originally Posted by SLUDGE FACTORY
In my lifetime I have voted Conservative, Labour, Liberal (before they became the Liberal Democrats) and Green Party, depending on who I thought had the best policies at the time. This time, so far, I would be classified as undecided as I have no idea at the moment. Yes the Conservatives have really made a mess but I don't see any incredible salvation coming our way from Labour. If they do get a working majority in the 2024 election I think they will constantly play the "look at the mess we inherited" card to explain why they are not able to fix things quite as easily/quickly as Joe Public will expect. It's very easy to criticise when in opposition!
Nigel Lawson or Norman Lamont.
I know Soros devalued our currency causing chaos, making a fortune, and damaging our economy in the 80s. Not sure if it was black Wednesday or not.
Some incredible claims being made in this thread as to the causes of this latest recession - a link backing up the claims would have been handy.
Good spot - Norman Lamont it was. Regretting ‘rien’ in his bathQuote:
Originally Posted by NinianOpinion1927
Yes you're right - as you know Food banks were introduced in the UK in 1997 - Tony Blair was the PM in 97Quote:
Originally Posted by SLUDGE FACTORY
Over to a more socialist country like France, food banks were started in 1984.
UK and France approx same population figure 60-65 million
France throughput 4 times the amount as UK foodbanks - is that the Tories fault as well posh boy ? :shrug:
Germany’s close too, if they can’t see an upturn then the rest of us are doomed…..Quote:
Originally Posted by MOZZER2
Of course….some dumbphucks still actually believe a change of tie colour will make a difference in this country….god help them. Look at the mess Blair left behind here and we won’t mention the Middle East, ruined since 2002…..Quote:
Originally Posted by pipster
Germany's economy is "dramatically bad," and "we cannot continue like this," said the Economy Minister and Green Party member Robert Habeck speaking this weekQuote:
Originally Posted by goats
Trump warmed Germany about the risks of being reliant on cheap Russian energy.
German dignitaries laughed at him.
Biden’s administration then destroyed Nord Stream to “punish Russia”.
And here we are.
Even Sunak doesn’t come out with the sort of garbage seen in this thread defending the Government that was pledging growth this time last year and has delivered a recession :hehe:
I know there is very little point trying to explain to numb nuts like sludge up in the vale re foodbanks - in his fantasy world he has the blue corner as the pantomime villain and the red corner as Peter Pan. He's labouring under a mis apprehension - but I guess that is something he likes.Quote:
Originally Posted by goats
It's all seems a bit unfair focusing on the person who made the pledge, rather than everybody else.Quote:
Originally Posted by the other bob wilson
#PrayForBlockchainQuote:
Originally Posted by MOZZER2
Do you think the food banks that are in existence now , in 2024 are the fault of Tony Blair, who let's be honest was almost as tory as you are or the current tory government ?Quote:
Originally Posted by pipster