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Re: No More Arguments: Austerity is Working! : Mon Jan 27, 2014 12:17 pm  
rumpelstiltskin wrote:
... the views of the IMF ...


Which is an external (in terms of the country) organisation that pursues a particular economic ideology.

The question has been discussed here as to what sort of a game the head of the BoE might be playing, but the chances are he might also know more about this country and certainly in terms of issues such as underemployment.

Plus, he's not being pessimistic about the economic situation, but more realistic and calming, which given previous bursts of hype from varied sources should be welcome.
rumpelstiltskin wrote:
... the views of the IMF ...


Which is an external (in terms of the country) organisation that pursues a particular economic ideology.

The question has been discussed here as to what sort of a game the head of the BoE might be playing, but the chances are he might also know more about this country and certainly in terms of issues such as underemployment.

Plus, he's not being pessimistic about the economic situation, but more realistic and calming, which given previous bursts of hype from varied sources should be welcome.
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Re: No More Arguments: Austerity is Working! : Mon Jan 27, 2014 1:06 pm  
rumpelstiltskin wrote:

Do we think any less of Codpiece for trundling around the West Country, flogging second hand goods on a chilly market stall? What he does to earn his beer money is his own business, and unless the cold has addled his brain, has nothing to do with his fruit bat loopy views!


Hmmmm, second hand fish?

Do you really think that could be a goer?
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Re: No More Arguments: Austerity is Working! : Tue Jan 28, 2014 10:35 pm  
So there we have it. 1.9% growth for 2013 - the strongest since 2007 and is broadly based with manufacturing growing more than the other sectors. Yet more evidence that the Osborne/Cameron long-term economic plan is working. Infallation has fallen to the BoE target of 2%

The IMF have increased their growth forecast for the UK next year from 1.9% to 2.4% while most other economists now are predicting growth from 2.4% to 3.2%. Put this into context - the boom years of 1992-2008 we had growth of 3%.

Could well be by Christmas that all this will have worked its way through to benefit most people's pockets.

Great news for all except Egg Milliband & Ed Balls-Up who is still muttering about flatlining!

The BoE know they made a mistake in announcing they would review interest rates by tying to unemployment. They are now sensibly easing out of that position because they do not want to put any obsticles in the way of the recovery.
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 10:58 am  
So we're back to where we were before the financial crash caused by the banks etc, are we?

Have we caught up yet with the state of growth from pre-May 2010?

And are you suggesting that, by Christmas, every man and woman of working age will have a job – and enough hours to pay them a decent living wage?
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 11:25 am  
Lord Elpers wrote:
So there we have it. 1.9% growth for 2013 - the strongest since 2007 and is broadly based with manufacturing growing more than the other sectors. Yet more evidence that the Osborne/Cameron long-term economic plan is working. Infallation has fallen to the BoE target of 2%


1.9% growth coming out of a recession that deep is positively anaemic. Under Major we came out of recession with a growth of 4%.

That is what is supposed to happen after a recession, the economy grows quick to take up the slack. Given we have a larger population than back in 1994 so the economy has an intrinsically bigger capacity shouting about growth of 1.9% as if this is a great achievement is economically illiterate. It's good politics if people fall for it as you and others clearly have.

"the strongest since 2007" covers a multitude of sins such as there wasn't any growth for part of the intervening period when we were in recession and we went through a period of low growth thereafter. In other words it is selective reporting. Politics once again, which you have fallen for once again.

And where on earth have you got this idea from: "is broadly based "? That is absolute nonsense. It is off the back of the service sector and a debt fuelled housing price rise. We have been there before and Osborne has now completely shut up about rebalancing the economy because he has failed to do it.

The BoE know they made a mistake in announcing they would review interest rates by tying to unemployment. They are now sensibly easing out of that position because they do not want to put any obsticles in the way of the recovery.


No the BoE have told you why they won't raise interest rates and they they recognise the fall in the headline rate of unemployment masks underemployment. Productivity remains low despite falling unemployment.

It was not a "mistake" because when unemployment falls rates going up is the norm. To not put them up when this happens requires more reasoning than it was a "mistake".

It has been suggested the BoE is in cahoots with the government not to raise the interest rate so as not to choke off the recovery but whether you believe that or not the fact unemployment is down and the BoE still refuses to raise the interest rate tells you something. Either the BoE will put the economic welfare of the country at risk for political reasons or as Carney has said the underlying trends do not allow it.
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 12:10 pm  
DaveO wrote:
It has been suggested the BoE is in cahoots with the government not to raise the interest rate so as not to choke off the recovery but whether you believe that or not the fact unemployment is down and the BoE still refuses to raise the interest rate tells you something. Either the BoE will put the economic welfare of the country at risk for political reasons or as Carney has said the underlying trends do not allow it.


To be answered at the end of May 2015 :D
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 1:13 pm  
Any decent government would step in and end the absolute scandal of ordinary full-time jobs being turned into zero-hours contracts.

Any decent government would step in and immediately make illegal totally immoral sharp practices like not paying care workers for the time they spend travelling from one house to another. And restrict their "allowable time" to (say) a mere 20 minutes per household - knowing damn well that many caring people will do more as they feel guilty about rushing in and out and not doing the job remotely properly. So they may work 60 hours but be paid for 18.

The shame is that there are plenty in the country - including some on here - whose attitude to that would be "well, nobody is forcing them, get a better job if you don't like it". If these sort of scams were made illegal then desperate people couldn't be fleeced and abused like this.
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 1:31 pm  
Ferocious Aardvark wrote:
Any decent government would step in and end the absolute scandal of ordinary full-time jobs being turned into zero-hours contracts.

Any decent government would step in and immediately make illegal totally immoral sharp practices like not paying care workers for the time they spend travelling from one house to another. And restrict their "allowable time" to (say) a mere 20 minutes per household - knowing damn well that many caring people will do more as they feel guilty about rushing in and out and not doing the job remotely properly. So they may work 60 hours but be paid for 18.

The shame is that there are plenty in the country - including some on here - whose attitude to that would be "well, nobody is forcing them, get a better job if you don't like it". If these sort of scams were made illegal then desperate people couldn't be fleeced and abused like this.


It's the 'government' that fund this and so they do it deliberately. The electorate need to organise themselves to stand up against it if they disagreee. Lobby your MP and get eveyone you know to.
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 1:52 pm  
Mintball wrote:
So we're back to where we were before the financial crash caused by the banks etc, are we?

Have we caught up yet with the state of growth from pre-May 2010?

And are you suggesting that, by Christmas, every man and woman of working age will have a job – and enough hours to pay them a decent living wage?


That wasn't case pre-May 2010?

I don't that austerity is working in the North on any kind of large scale, there are some shoots of recovery.

In the SE it looks like things are more positive
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Re: No More Arguments: Austerity is Working! : Wed Jan 29, 2014 2:03 pm  
Ferocious Aardvark wrote:
Any decent government would step in and end the absolute scandal of ordinary full-time jobs being turned into zero-hours contracts.

Any decent government would step in and immediately make illegal totally immoral sharp practices like not paying care workers for the time they spend travelling from one house to another. And restrict their "allowable time" to (say) a mere 20 minutes per household - knowing damn well that many caring people will do more as they feel guilty about rushing in and out and not doing the job remotely properly. So they may work 60 hours but be paid for 18.

The shame is that there are plenty in the country - including some on here - whose attitude to that would be "well, nobody is forcing them, get a better job if you don't like it". If these sort of scams were made illegal then desperate people couldn't be fleeced and abused like this.


So this stuff only started under this Tory government? delusional - this stuff is has been going on for ever. Compared to some of the restrictive practises that were in place during the hey days of union power these are kids play. Of course it is easy to excuse those on the left in your haste to bash those on the right.
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