mattx (26th July 2012)
Just do what I do and insult these chinless politicians and bankers on Twitter to their faces. Still waiting for SB to kick my front door in and drag me away screaming
mattx (26th July 2012)
I really am finding it hard to believe we're in a bad financial position. I was in a Ford dealership at the weekend, they were absolutely swamped with people buying new cars. The manager said they'd never been so busy (is it new plate time or something?) and people were waiting to be served because they didn't have enough sales staff (eight).
Weeknights and weekends in Liverpool are full of shoppers laden down with bags of goodies.
Pubs and restaurants are full.
I'm not saying the problem doesn't exist, just that people I've seen don't seem to be letting it bother them and their spending.
But, just to make the point political, anyone remember Gordon Brown and the reducing of the VAT to 15% - "lets spend our way out of recession"?
No Gordon, lets put out money aside for a rainy day like our parents and grandparents did.
Gibbo, economics has changed since our parents and grandparents day. Globalisation means that when Spain and Greece catch a cold, it soon goes round the world. I don't doubt your apocryphal story about Ford, but Brown WAS right (to an extent). Spain and Greece have had similar austerity measures to us, and they are circling the plughole, threatening to take Italy/France/Germany(?) with them. Germany may well be one of the biggest economies in the world, but they are not immune, and are getting a bit fed up of digging deep for everyone else.
By spending, instead of saving, you inject capital into the system. By not spending, you weaken the system.
i too see full restaurants and new plate motors, but i think it's more down to people in employment realising that they might aswell put some disposable income and what they've worked hard to save to use through enjoying one's life rather than get bogged down by a system that doesn't leave you much disposable income to begin with. The tax system is so ridiculously complicated and does so much to work against the people who fund it, then why not enjoy a week's holiday all inclusive and a nice meal out at that new place that's opened ? The govt. takes advantage if your prudent, so you'd might swell stick two fingers up at them and show their stupidity won't stop you enjoying what consumerism has to offer.
A lot of people I know have adopted the 'sod it, I'm going to spend it' mentality because of the current situation and the fact they don't trust the banks and fear them collapsing. One of my friends now keeps his savings in a German bank account because he doesn't trust the British banking system.
Yes, it's up to £85k I think.
Hah, just tried to go to http://www.moneysavingexpert.com/savings/safe-savings and there's too many connections lol and the page can't be loaded!
Last edited by tech_guy; 27th July 2012 at 09:27 AM.
aerospacemango (30th July 2012)
UK Central Government and Local Authority Public Spending 2013 - Pie Charts Tables
Obviously the 12-14 figures are projected.
Government is spending more than ever. It seems to me that some people could do with broadening their news consumption beyond the Guardian and BBC.
Projections ain't any use.
Now, lets look at tax receipts, inflation adjusted:
So, yes, overall spend has increased, but so have tax receipts. Remember - the government has said its aim is reducing the deficit, it hasn't said it intends to stop spending... Cuts in one area can lead to increases in others.
Also, take into account that over those couple of years that the government has been in power, there are lots of short-term costs involved when cancelling projects/contracts, which still comes out of the expenditure.
So if there's one thing that the government hasn't done, it's spend less. There are plenty of things that caused the double-dip recession, but the GuardianWorld view that it's cutting expenditure which has done it has no basis in reality.
All I hear on the news about the economy is how the figures show that it has been saved, then in trouble, then saved... this ontinuous cycle of BS is the really disconnected point of view. Unfourtunatly these people that sit about with their calculator trying to decide if they have made up enough money for that day or not are the ones running things. In their world the global economy seems to go from saved to in trouble three or more times a day. With this kind of insanely short term thinking at the top of the chain is it any wonder that things are still a mess.
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