Fourth-quarter GDP figures awaited
Filed under: News
Fears of a triple-dip recession will mount this week as official figures are expected to confirm the economy slumped into the red at the end of last year.Filed under: News
Fears of a triple-dip recession will mount this week as official figures are expected to confirm the economy slumped into the red at the end of last year.
Economic plan working, says Osborne
Pubs shut at rate of 26 per week
Voters 'think austerity has failed'
Britain dodges triple-dip slump
Public sector borrowing down £300m
British industry in 'catch-22'
Shop sales worse than expected
Return to recession in the balance
UK 'to avoid triple-dip recession'
What will happen to inflation and interest rates?
UK falls down OECD economic table
Think tanks urges pound devaluation
We encourage lively discussion at AOL. Please be aware when you leave a comment your user name, screen name and photo may be displayed with your comment, visible to everyone on the Internet. If you think a comment is inappropriate, you may click to report it to our monitors for review.
Not an AOL or AIM member? Register for a free account.
Everyone in this Country could see this coming except for a very inept Chancellor and the Coalition Party he represents; the sooner this shower of half wits goes the better for this Country
Time for a change in Politics as well, honesty in Politics and the job treated as such, fail and you are kicked out, you do not have the power to keep going for 5 years making things worse month by month; we should have the right to vote a party out by declaring "no confidence" in them via a secure government site.
The turnout of voters for 2010 was 65% of those eligible, only 36% of those voted Conservative, 29% labour and 23% liberal, so this Coalition has the backing of only 38% of the population; we deserve what we have allowed to have happened because so many people do not see it as necessary to vote, yet if we voted properly we would get what we wanted as a Nation.
Voting should be compulsory,but that will not happen as it affects the parties directly, donot forget that 80% of the wealth of this Country is owned by less than 20% of its people so themajority are working for a living and we the working class are the hardest hit by this Coalition
I choose not to vote because i refuse to vote "against a party"
If i can't vote FOR someone , whats the point? They are all as corrupt as each other and are only in it for themselves...
Everyone who chose to vote conservative and for all their policies were taken for a ride , they have gone back on almost everything they said they would or wouldn't do .
How is that a democracy FFS?
good hope this country collapses then the british people will get the kick up the backside they deserve hopefully they will know how to vote these nutters out of parliament next time just look at how they have destroyed this country over the last 30 years its like living in a foreign land high streets are all take aways and foreign owned and its going to get worse
January 22 2013 at 4:59 AM Report abuse Permalink +1 rate up rate down ReplyFor the last 7 years we have been told that next year it will start to get better.........I am sorry ,but who the hell are they trying to kid?????? It's gonna get a lot worse before it gets any better.......
January 22 2013 at 2:45 AM Report abuse Permalink +3 rate up rate down ReplyDon't worry JLR is syphoning billions off to India.
January 21 2013 at 9:37 PM Report abuse Permalink rate up rate down ReplyJust about every prediction made by the governments chosen economist have been wrong, there are a number of economist out there who have predicted quite accurately what has happened but our government refuses to accept their advice.
Most people knew that the growth was an unsustainable blip caused by the Olympics, and not a true recovery, and a triple dip recession was widely predicted, we need the growth we were promised or the austerity were forced to take will actually enhance our economic woes.
More than anything we need some people in power who have any idea of our economy, or at least to listen to the experts rather than the yes men.
Double dip, triple dip - you don't need to be the Governor of the Bank of England to know we are not in any kind of 'dip'.......this is econmoic reality. Most of the world's economies are in exactly the same position. Talk of a recovery is an illusion. So are we expecting things to go back to the so-called 'boom' era when house prices were through the roof? Banks lending people ridiculous mortgages and easy credit? Well, I wouldn't get your hopes up! Not before time, the chickens have come home to roost big time. For example, paper profits on property have bcome meaningless. We are now in a buyer's market where property is only worth what somebody is willing to pay. The only reason prices remain high in some places is because virtually no new ones are being built in the current climate. If there is recovery, how will we know it will be sustainable? There are no guarantees anymore. People are cutting back on jobs everyday because demand has fallen. The Euro is being propped up even though Germany, France and the UK know that countries like Spain, Portugal and Greece are virtually on the last throw of the dice. The sooner we get used to this being a long-term (if not permanent) states of affairs, the soon we can adapt.
January 21 2013 at 3:26 PM Report abuse Permalink +3 rate up rate down ReplySteve V
The UK has been in financial decline for a number of years. The EU has been a huge part of it.
We have lost most of our manufacturing base, which was the bread & butter of the economy. we have no chance of getting this back until we get out of the EU and restrict imports.
Hi we have been in triple diped recession for a long time.This shower thats running us into the ground should be rounded up and sent to the moon.
January 21 2013 at 2:44 PM Report abuse Permalink +7 rate up rate down ReplyI take it you are going to send the last lot with them as they caused most of the problems? or are you another leftie with a selective memory.
January 21 2013 at 4:25 PM Report abuse Permalink -6 rate up rate down ReplyThere's me thinking the world financial crisis was caused by the likes of Lehman Bros, Goldman Sachs, RBS and the like, i just can't remember the Labour Party being on the board of directors of these companies.
January 21 2013 at 10:23 PM Report abuse Permalink +9 rate up rate downI don't need to wait to hear from a group of overpaid statisticians to tell me what I and no doubt every body else already knows. To coin a phrase, it's as obvious as the nose on my face !!!
Camoron keeps on about "rebalancing" the economy; well, go and talk to most SMEs who are struggling to get any funding for their businesses. Its just lots of political rhetoric, nowt else !!!
Bank are happy to lend money to house buyers because it's safe for them, if the debt isn't paid they can take the house and sell it, lending to business is risky because if the monies gone they're screwed.
The problem is from an economic standpoint lending to house buyers looks good on a balance sheet but has almost no economic impact, while lending to business has massive impact and economic activity, it's basic economics.
Banks are going to do what's in their best interest, they always have and always will, we need to change how banks operate or they'll not change.
You can't keep printing more money without earning it first.
January 21 2013 at 1:11 PM Report abuse Permalink +2 rate up rate down ReplyIf we returned to an EFTA (European FREE TRADE Association) the clue is in the words, as opposed to this farce called the EU ruled by unelected bureaucrats, we might just get somewhere!! There is only one way to effect change, vote with your feet, as I have UKIP (I am a very very ex Tory voter I hasten to add)
January 21 2013 at 1:20 PM Report abuse Permalink +3 rate up rate down Replyplease tell us something we don't know
January 21 2013 at 12:54 PM Report abuse Permalink +2 rate up rate down Reply
Financial disasters of the last century
Claim today: Five little-known tax rebates
Best-selling authors in the UK: could you make a fortune?
10 new cars that will hold their value
HMRC issues list of 'tax dodgers'
Most and least reliable cars
Best-paid Olympians
And the world's most expensive city is...
Motorists stay loyal to British marques
How to complain to the FOS
UK drivers still enticed by open-top motoring
Why are we flocking overseas?