UK Still Failing To Exit Recession

The UK economy is still in recession as figures show it shrank by 0.2%.

See Here

The figures confirm a sixth successive quarter of recession for the UK.

This means the country is lagging behind most other G20 nations, which have managed to recover a lot quicker from the economic crisis.


ERRRRRRR.......may I quote the April Budget Speech by Badger Darling............Was he not expecting 3.5% growth by year end.
Best we ever had in our fiscal history was 2.9% so where the fuckity fuck 3.5% came from is a mystery to me.

And dont for 1 min think its all gonna be rosy in 2010.............no way!

What the Supreme Court Ruling actually means for the Average Person

You know,

Man in the street,

You me and the others whos taxes bailed out the banks.
The banks who the government lent 61 Billion Quid to in November 2008 and tried to keep it quiet.

Now having done that we then went into the "unprecidented financial situation" which did give rise to the big bail out, but no one could predict it???

Bollox.

Anyway back on topic............ what the court ruling actaully means..........pretty simple i would say!!

The economy is over the worst and Labour did it......puke

Gordon Brown is hoping to convince voters that the British economy is through the worst — and that it was a Labour Government got us through it.

See Here.

And if you believe that they al-Megrahi was just a compassionate release and Afghanistan is winnable.

Mr Darling said yesterday that he expected the British economy to start growing again around the end of this year — as a result of measures such as the bank bailouts, emergency tax cuts and the fiscal stimulus package.

Even if this is correct economists widely expect unemployment to continue to rise, peaking at about 3 million next year from the current 2.38 million.

See this post here last time badger made a financial statement.

Alistair Darling, who is hosting the meeting, will try to ensure greater international co-operation in response to the banking crisis.

Mr Darling will also have to address the issue of executive bonuses — Nicolas Sarkozy, the French President, has already been seeking support from Angela Merkel, the German Chancellor, to introduce global rules on rewards for traders. Mr Sarkozy is trying to push the issue high on the agenda of the G20 summit in Pittsburgh later this month.

But if you look at it both France and Germany have a manufacturing base far greater than ours. There dependancy upon financial trading is a damn site less than the UK's so whats the betting thats a non starter then?????

And see here for bets on the PM going to the G20.........just gonna love that quiet chat over a drink in the eve...........oh to be a fly on the wall

Darling........you have got some balls.

Remember the much hyped Labour reshuffle of June.

The resignations of the ladies, Purnell, Flints window dressing comments, Blears most horrid moment, the arrival of Bob Ainsworth god help us, and the main story.

The apparent dead cert that the Chancellor Alistair Darling was on his way out.

Well apparently Alistair Darling remained as Chancellor of the Exchequer in the June reshuffle after telling Gordon Brown that he would leave the Government rather than move to another job.
Damn where did those balls come from????
Blears must have left them on her desk!
Badger told Gordon that as the Prime Minister he had every right to put whoever he wanted into the Treasury. But his insistence that he would not take another role leaving Brown powerless to move him. Instead, his position in the Treasury was strengthened and Ed Balls, whom Brown had wanted to bring in, remained as Schools Secretary.

He needed Mrs Cooper with him as Ed is a strong Brownite.

The conversation between Mr Darling and Mr Brown took place early in the week of the June European elections, which were followed immediately by the reshuffle.

There had been widespread reports the previous weekend that Mr Brown was toying with putting his old ally, Mr Balls, into the Treasury. The job switch is known to have been backed privately by Lord Mandelson, who was to emerge from the reshuffle as First Secretary and Mr Brown’s deputy in all but name.

The PM failed to quash speculation that he was thinking of moving Darling, despite being given several opportunities to do so.

It is believed that when the conversation between Darling and Brown took place Brown was ready to offer him the job of Foreign Secretary, Home Secretary or any other senior position.

But Mr Darling pre-empted such offers by making it plain that while it was Mr Brown’s prerogative to bring in someone else, he was not interested in doing another job.

No wonder Blinky Balls had a face like thunder the following week. Yvette would have had her work cut out to calm him down. Still a bit more property investing and calm would have been restored.

However I feel that was Darlings last throw of the dice. He will be out into the wilderness after the Gen election or when Mandleson finishes his behind closed doors job on him.