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George Osborne: The Economy is turning a corner!
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"Didn't he say that last year? And the year before?" He did. He said it earlier this year too. Last year after he said it we had snow so that scuppered the recovery. | |||
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"I guess as usual they are using the fact that house prices are rising as an indicator. Why do people never learn from history?" They never went down in York, although to be fair York is never a good indicator of economics. It's like living in a time capsule. | |||
"I guess as usual they are using the fact that house prices are rising as an indicator. Why do people never learn from history?" Quite. | |||
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"I guess as usual they are using the fact that house prices are rising as an indicator. Why do people never learn from history?" J0die! Our George has come up with the perfect scheme to ensure house prices increase. We the tax payer underwrite the deposits to help people onto the ladder. | |||
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"He's given us the best chance to raise living standards too by carrying on. Apparently." Really? I'd underestimated the dear chap,..... clearly... 
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"I don't approve of Osbourne & I do not think there has been enough cuts. There is still enormous waste in the public sector. But I notice the idiots from the Labour party are complaining. Ed Bollocks has always said that we should just borrow & spend more. I really don't understand anybody who votes Labour. Five different Governments throughout history & five Labour Governments that ended in Financial disaster. Non of them have ever had a proper job & I've never met a Socialist that understands money. As Einstein said "The definition of stupidity is to keep doing the same thing but expecting a different result." "  | |||
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"Not in my house its not! I'm embarrassed to admit that I've had to have porridge for my tea because no money until tomorrow. But as long as my son had his tea, I can cope. I wonder if George has ever experienced that!" I doubt it. He and his Eton Cabinet colleagues are millionaires. | |||
"Not in my house its not! I'm embarrassed to admit that I've had to have porridge for my tea because no money until tomorrow. But as long as my son had his tea, I can cope. I wonder if George has ever experienced that! I doubt it. He and his Eton Cabinet colleagues are millionaires." He may be a millionaire but I always think he feels the slight of not being one of the Eton set. He went to St Paul's and it's just not the same. | |||
"Not in my house its not! I'm embarrassed to admit that I've had to have porridge for my tea because no money until tomorrow. But as long as my son had his tea, I can cope. I wonder if George has ever experienced that! I doubt it. He and his Eton Cabinet colleagues are millionaires. He may be a millionaire but I always think he feels the slight of not being one of the Eton set. He went to St Paul's and it's just not the same. " I feel so sorry for him | |||
"Not in my house its not! I'm embarrassed to admit that I've had to have porridge for my tea because no money until tomorrow. But as long as my son had his tea, I can cope. I wonder if George has ever experienced that! I doubt it. He and his Eton Cabinet colleagues are millionaires. He may be a millionaire but I always think he feels the slight of not being one of the Eton set. He went to St Paul's and it's just not the same. " NOT Eton? St Paul's? Oh well that's just beyond the PITS innit. Who are these chumps we are letting govern us? The man must b an uneducated imbecile! St Paul's? PFFFFFT | |||
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"did Osborne mention that the national debt is over £1 trillion.. " Ssshhh! We're turning the corner. | |||
"did Osborne mention that the national debt is over £1 trillion.. " ...... and rising. | |||
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"Ed Bollocks has always said that we should just borrow & spend more. I really don't understand anybody who votes Labour. " I would like to agree with you, except that under this government borrowing is higher than it was under the labour government  and GDP is down which makes the repayments harder to meet...
Glad it's not my job I am confused | |||
"they are all idiots i wouldnt trust any of them from any party .labour should be trouncing this rotten coalition government but millipede is such a poor performer when he decides to say something which aint very often that he has gone from a sure fire winner to a complete vote loser.i'm afraid we are all screwed come the next election unless of course you are wealthy "The electorate has a very short memory and, for the first time (ever?) we know exactly when the next election will be - and it won't be for a long time. | |||
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"I don't approve of Osbourne & I do not think there has been enough cuts. There is still enormous waste in the public sector. But I notice the idiots from the Labour party are complaining. Ed Bollocks has always said that we should just borrow & spend more. I really don't understand anybody who votes Labour. Five different Governments throughout history & five Labour Governments that ended in Financial disaster. Non of them have ever had a proper job & I've never met a Socialist that understands money. As Einstein said "The definition of stupidity is to keep doing the same thing but expecting a different result." " Not many capitalists understand money. They THINK they do, but they don't. That's what keeps the worlds economies going, the belief that the money in your account or wallet, is of any real value. The banks have shown us it isn't. Just don't shout about it and cause a panic. | |||
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"Yes, George dear. Right in to a cul-de-sac..." That's ok because if you don't like something then you can keep on going and come right out again and find the right turn !!!  | |||
"...................... Good regulation, made by people who understand business (not politicians as they've never had real jobs so they cannot understand) protects the consumers & accommodates entrepreneurial investment." Who would you have run this 'regulation'? Bankers? Accountants? Civil Servants? IOD? CBI? I think we should be told. | |||
"I KNOW this is gonna b a very silly post of mine - but hey ho here it comes! Apparently we are ALL £30 week worse off in our pockets And YES I realize that the utility companies are not state controlled but I STILL can't see WHY in a recession the govt can't tell them :.- 'no, we're sorry but bills cannot rise during a recession as people are already stretched enough! You will just have to settle for reduced profits till the economy recovers ' "Probably because the Politicians say something like this to the Utility Companies instead. "We've promised to be greener than ever & I gave an impassioned speech last night about global warming & saving polar bears. So the public are ready to have their bills hiked up because of what Tony & Gordon agreed to at the EU climate change treaty. So put you're bills up & I'll pretend mock outrage & pretend to want to do something about it, even though Tony & Gordon made it so we can't tell the EU where to go." | |||
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"What I don't understand is we are reasonable people, British not given to extremes, hard working, get the least holidays in Europe, have worked our way through billions in oil revenue have the most flexible workforce, zero wage rises for years and yet we grow at 0.6% China grows at 10% for years, what the fxxk ? "Accelerating from a standing start, 0-100 is easier than say accelerating from 100-120. The harder work is done at the tail end. | |||
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"If you don't like 'em, then vote at the next election. Turn a corner? Whoever is in power, as I said to my labour loving neighbour just before Blair came to power, I hope they do a brilliant job. Puzzled look: if they make a mess of it, who ends up paying?.....All of us! The problem with politics in a democracy, is that you have polarised opposites. At the end of a 4 or 5 year cycle, when the incumbent party gets ousted, the new government spends the best part of the following parliament trying to undo the previous policies.....and repeat! The truth is, we live in a hybrid socialist/capitalist society. We have a free market economy, whilst paying benefits and a national health system at the point of use. Or perhaps we should dispense with that and pay less tax? If you have ever been to Australia to live ( I have not ), or to the US as a tourist, God help you if you fall ill without insurance! Whether or not we are in a recovery....I sincerely hope so, all the indicators suggest that we are better placed than our European and American peers. Reference regulation. If we hadn't bailed the banks out in the crash......the monies we all had in them would have been gone the Monday after the Friday it went crash. NO MONEY from ATM's, no withdrawals, no money, full stop and no chance of getting it back, it was gone...... Consider that! It will never happen again with the banks. The politicians from any party are so middle of the middle of centre, it doesn't matter who's in power. Stop spending billions on defence, on nuclear deterents, on giving out third world aid. Running our country is no different to running a family, albeit a large one. The big difference is all the family members have the opportunity, if they have a consensus to run it if the rest of the family don't like how it's being run. It'll never be perfect, but those that run it longest are the ones who keep the rest of the family happiest, longest. " | |||
"If you don't like 'em, then vote at the next election. Turn a corner? Whoever is in power, as I said to my labour loving neighbour just before Blair came to power, I hope they do a brilliant job. Puzzled look: if they make a mess of it, who ends up paying?.....All of us! The problem with politics in a democracy, is that you have polarised opposites. At the end of a 4 or 5 year cycle, when the incumbent party gets ousted, the new government spends the best part of the following parliament trying to undo the previous policies.....and repeat! The truth is, we live in a hybrid socialist/capitalist society. We have a free market economy, whilst paying benefits and a national health system at the point of use. Or perhaps we should dispense with that and pay less tax? If you have ever been to Australia to live ( I have not ), or to the US as a tourist, God help you if you fall ill without insurance! Whether or not we are in a recovery....I sincerely hope so, all the indicators suggest that we are better placed than our European and American peers. Reference regulation. If we hadn't bailed the banks out in the crash......the monies we all had in them would have been gone the Monday after the Friday it went crash. NO MONEY from ATM's, no withdrawals, no money, full stop and no chance of getting it back, it was gone...... Consider that! It will never happen again with the banks. The politicians from any party are so middle of the middle of centre, it doesn't matter who's in power. Stop spending billions on defence, on nuclear deterents, on giving out third world aid. Running our country is no different to running a family, albeit a large one. The big difference is all the family members have the opportunity, if they have a consensus to run it if the rest of the family don't like how it's being run. It'll never be perfect, but those that run it longest are the ones who keep the rest of the family happiest, longest. " A large contradiction to lecture people on using their votes but then state it makes no difference who is in power! As for it will never happen again - it will happen again and it will be far, far worse. | |||
"What I don't understand is we are reasonable people, British not given to extremes, hard working, get the least holidays in Europe, have worked our way through billions in oil revenue have the most flexible workforce, zero wage rises for years and yet we grow at 0.6% China grows at 10% for years, what the fxxk ? "Next time you buy an electronic gadget - or in fact pretty much anything - have a look at where it was made. | |||
"..... As for it will never happen again - it will happen again and it will be far, far worse." And the only thing to do is what Brown and Darling did and bail the banks out again. We've seen what happens is power or water goes off for a few days. Can you imagine if access to drink vouchers went off? | |||
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"Would anyone actually be upset if someone succeeded where guy fawkes failed? I wouldn't. We need to start again with a government for the people and not for themselves."
On our own we are small but together we can take back this country!  | |||
"They won't be able to save the banks again like last time. They should & will let them fail the next time." ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out? | |||
"What I don't understand is we are reasonable people, British not given to extremes, hard working, get the least holidays in Europe, have worked our way through billions in oil revenue have the most flexible workforce" ??? really? The Brits can be very self-centered, lazy, hedonistic, sexist, racist, homophobic and blind. That's not a blanket comment btw. "The problem with politics in a democracy, is that you have polarised opposites. At the end of a 4 or 5 year cycle, when the incumbent party gets ousted, the new government spends the best part of the following parliament trying to undo the previous policies.....and repeat!" hurrumph! "George Osborne is a bit of a posh twat but I can't complain the economy is working well for me right now. I don't think the guy is intentionally trying to fuck things up though." I am genuinely happy for you and Georgie may not be trying to fuck up the economy intentionally but he is kicking the low down intentionally...bedroom tax, killing the NHS, reducing social funding.......... " Talk about jobs for the boys, Dave's old school pal " This is the real flaw in politics. "I think Osborne is confusing an economic recovery with a change in consumer confidence, which is on the rise." And doing so intentionally. But regarding the corner, maybe he's referring to the kind of corner a car can make at full throttle - dangerous and/or very slow and wide. | |||
"They won't be able to save the banks again like last time. They should & will let them fail the next time. ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out?" Best not let the Labour party back in power then. Every time they take over they fuck the country up financially. If they get in in 2015 they will finish this country off. Only by keeping the economically illiterate socialists away from power, will we stop financial implosion. | |||
"If you don't like 'em, then vote at the next election. Turn a corner? Whoever is in power, as I said to my labour loving neighbour just before Blair came to power, I hope they do a brilliant job. Puzzled look: if they make a mess of it, who ends up paying?.....All of us! The problem with politics in a democracy, is that you have polarised opposites. At the end of a 4 or 5 year cycle, when the incumbent party gets ousted, the new government spends the best part of the following parliament trying to undo the previous policies.....and repeat! The truth is, we live in a hybrid socialist/capitalist society. We have a free market economy, whilst paying benefits and a national health system at the point of use. Or perhaps we should dispense with that and pay less tax? If you have ever been to Australia to live ( I have not ), or to the US as a tourist, God help you if you fall ill without insurance! Whether or not we are in a recovery....I sincerely hope so, all the indicators suggest that we are better placed than our European and American peers. Reference regulation. If we hadn't bailed the banks out in the crash......the monies we all had in them would have been gone the Monday after the Friday it went crash. NO MONEY from ATM's, no withdrawals, no money, full stop and no chance of getting it back, it was gone...... Consider that! It will never happen again with the banks. The politicians from any party are so middle of the middle of centre, it doesn't matter who's in power. Stop spending billions on defence, on nuclear deterents, on giving out third world aid. Running our country is no different to running a family, albeit a large one. The big difference is all the family members have the opportunity, if they have a consensus to run it if the rest of the family don't like how it's being run. It'll never be perfect, but those that run it longest are the ones who keep the rest of the family happiest, longest. " Well said | |||
"They won't be able to save the banks again like last time. They should & will let them fail the next time. ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out? Best not let the Labour party back in power then. Every time they take over they fuck the country up financially. If they get in in 2015 they will finish this country off. Only by keeping the economically illiterate socialists away from power, will we stop financial implosion." what about the Debt which as we speak is 1 trillion plus..? is that Labours fault or is that down to the global financial crash in 2008..? suspect with your blinkered viewpoint it wont be those lovely Tories who have fucked up since they took over in 2010.. | |||
" what about the Debt which as we speak is 1 trillion plus..? is that Labours fault or is that down to the global financial crash in 2008..? suspect with your blinkered viewpoint it wont be those lovely Tories who have fucked up since they took over in 2010.. " | |||
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"They won't be able to save the banks again like last time. They should & will let them fail the next time. ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out? Best not let the Labour party back in power then. Every time they take over they fuck the country up financially. If they get in in 2015 they will finish this country off. Only by keeping the economically illiterate socialists away from power, will we stop financial implosion. what about the Debt which as we speak is 1 trillion plus..? is that Labours fault or is that down to the global financial crash in 2008..? suspect with your blinkered viewpoint it wont be those lovely Tories who have fucked up since they took over in 2010.. " The economy in 2010 was fucked. A Labour Government addicted to spending & throwing endless sums of money to solve problems. They also allowed mass immigration in order to get more votes off grateful immigrants. John Cruddas even admitted that it was a "fiscal policy for cheap Labour" The Unions said absolutely nothing, they only want to strike during a Tory Government. So with a huge debt & deficit in 2010 the Tories should've made some cuts to Government waste. As it turns out cuts are now 0.6% in real terms & we're 600 Billion worse off. So Osbourne bottled it & kicked the can down the road for 2015. Basically, no reduction in spending or taxation. Low interest rates are fueling the recovery, which at 0.5% is stupid. With this course of action & creating a false recovery, the one thing is certain. The Pound will lose a lot of value over the next few years. Looking on the bright side I suppose holiday resorts like Blackpool & Margate will get busy again in the Summers! | |||
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"They won't be able to save the banks again like last time. They should & will let them fail the next time. ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out? Best not let the Labour party back in power then. Every time they take over they fuck the country up financially. If they get in in 2015 they will finish this country off. Only by keeping the economically illiterate socialists away from power, will we stop financial implosion. what about the Debt which as we speak is 1 trillion plus..? is that Labours fault or is that down to the global financial crash in 2008..? suspect with your blinkered viewpoint it wont be those lovely Tories who have fucked up since they took over in 2010.. " They've not quite fucked everything up. They've done rather nicely for themselves and their pals. | |||
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"Because the Labour Government never do anything for themselves. B.Liar is worth £20 million." I'd have thought that figure was on the low side. Regardless, why are you so jealous about it? Leaving that aside, have you asked yourself what he does with the money? Do you know? Do you care? " He said that signing the Human rights act was the best thing he ever did. Quite right Cherie makes £5 million a year from her law firm "Matrix" which services cases for the ECHR. Several are cases for nonces. One nonce was barred from a playground area of a park. Until Cherie got involved. " Should he just have been executed without legal process or benefit of counsel? Maybe the Corrie guy should have suffered the same fate 
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"in reply to OP economy turning corner ? no its a dead cat bounce according to Professor Paul Krugman the nobel prize winning economist in The New York Times He has been scathing of Osbornes 30s style policies." Just one question, how come very few, if any, of these prize winning economists are ever correct ahead of any problems? | |||
"Because the Labour Government never do anything for themselves. B.Liar is worth £20 million. He said that signing the Human rights act was the best thing he ever did. Quite right Cherie makes £5 million a year from her law firm "Matrix" which services cases for the ECHR. Several are cases for nonces. One nonce was barred from a playground area of a park. Until Cherie got involved. If John Major had done this the left wouldn't shut up. Because it was a Labour leader nobody said anything. A strange fact in Politics is that the Tories have mainly sex scandals & the Socialists have money scandals! "Is Tony Blair the Labour Party or the only socialist around? I don't think so, and is his wife required to do and think exactly as her husband? I believe they are two individuals who have committed themselves to each other and I feel you are heading toward mob mentality. Do you know the ins and outs of the so-called-nonce cases? They may well be guilty in which case I would question the running of the hearings rather than point a pitch fork at Mrs Blair but equally they may have been wrongly accused in which case well done her for protecting the innocent. I think bringing things like this into a discussion about the economic state of our country a bit tabloid and desperate to score points. | |||
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"They won't be able to save the banks again like last time. They should & will let them fail the next time. ..... and when you can't get money out of the machines or your electricity DD is declined and the lights go out? Best not let the Labour party back in power then. Every time they take over they fuck the country up financially. If they get in in 2015 they will finish this country off. Only by keeping the economically illiterate socialists away from power, will we stop financial implosion. what about the Debt which as we speak is 1 trillion plus..? is that Labours fault or is that down to the global financial crash in 2008..? suspect with your blinkered viewpoint it wont be those lovely Tories who have fucked up since they took over in 2010.. The economy in 2010 was fucked. A Labour Government addicted to spending & throwing endless sums of money to solve problems. They also allowed mass immigration in order to get more votes off grateful immigrants. John Cruddas even admitted that it was a "fiscal policy for cheap Labour" The Unions said absolutely nothing, they only want to strike during a Tory Government. So with a huge debt & deficit in 2010 the Tories should've made some cuts to Government waste. As it turns out cuts are now 0.6% in real terms & we're 600 Billion worse off. So Osbourne bottled it & kicked the can down the road for 2015. Basically, no reduction in spending or taxation. Low interest rates are fueling the recovery, which at 0.5% is stupid. With this course of action & creating a false recovery, the one thing is certain. The Pound will lose a lot of value over the next few years. Looking on the bright side I suppose holiday resorts like Blackpool & Margate will get busy again in the Summers! "so your earlier post about only previous Labour Governments fucking up the economy should read and the current Tory one..? Now how about you tell us how good the Tories were on 'black Wednesday' or when the interest rate went to 15%..? | |||
"Because the Labour Government never do anything for themselves. " minimum wage.. | |||
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"I think Mrs Thatcher did far more for the working man than the Labour party can ever claim. " tell that to the tens of thousands who lost their livelihoods when she killed the coal industry.. and btw your clearly an educated guy but using a fictitious tv comedy character as a way of emphasising your point rather dilutes it.. | |||
"In 1992 Interest rates went up because the in the ERM France,Germany & Italy wouldn't support the pound. So billions of pounds were lost. Labour enthusiastically backed joining the ERM, so the outcome would've been no different, but they would've probably raised taxes instead. As for Labour, let's have a look at what they achieved 97-10. Doubled house prices making it unaffordable for young people to get on the property ladder. Ave age of leaving home in 97 was 21 now 31. Put a beer escalator tax on beer & let supermarkets sell beer at a loss. Result: Lots of pubs shut down. Doubled the amount of tax taken for the lowest paid PAYE earners. Flooded the country with immigrants, which has driven down the wages for the working classes. Rose NI. Signed up to stupid climate agreements which is killing old people by making heating unaffordable. More than doubled Council tax. This hits the poor & old far more than any poll tax would've. I think Mrs Thatcher did far more for the working man than the Labour party can ever claim. Who remembers those dreadful working class plasterers from council estates flashing their money about saying "Look at my wad!" Well they can't do that now that the Polish are here. "It may not have been aimed at me but I apologised in another thread earlier for not being nice in postings. I take that back. Now you bring racism to the debate by implicating the Poles as part of the problem. I'm sure there are many Brits, I know there are many Brits working abroad and taking up other nations jobs. don't bring that one here. It is abhorrent. | |||
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