Is the 'Recovery' going to hurt more than the recession...?

[Tony*T3]

Talk of a 4 Trillion dollar black hole in the finance sector and the UK's debt of several hundred billion makes me fear the future in the UK.

I'm guessing most middle income families with mortgages face:

• Tax rises cutting income
• Future spiralling intrest rates (they can only go up after all)
• Inflation surging back above target rates
• Huge unpredictablitiy in Oil prices
• Leaps in other energy costs
• Stagnation in pay rises
• Council tax rises to recover lost investments
• Long term stagnation in house prices caused by cheap Repo's hitting the market

And of course a higher possibility of redundancy as firms desperatly restructure.

I think the recovery is likely to hurt more than the recession for us people that don't have a lot to spare currently.

Thoughts?

[Martial Arts Man]

Tony*T3 said:

Talk of a 4 Trillion dollar black hole in the finance sector and the UK's debt of several hundred billion makes me fear the future in the UK.

I'm guessing most middle income families with mortgages face:

• Tax rises cutting income
• Future spiralling intrest rates (they can only go up after all)
• Inflation surging back above target rates
• Huge unpredictablitiy in Oil prices
• Leaps in other energy costs
• Stagnation in pay rises
• Council tax rises to recover lost investments
• Long term stagnation in house prices caused by cheap Repo's hitting the market

And of course a higher possibility of redundancy as firms desperatly restructure.

I think the recovery is likely to hurt more than the recession for us people that don't have a lot to spare currently.

Thoughts?

Agreed.

It will hurt even more after today's give away.

I expect a return to the run down shops era of my childhood (80s).

The big question is, will we ever return to times recent past? I hope so, but wouldn't want to put the house on it.

[GT03ROB]

Tony*T3 said:

Talk of a 4 Trillion dollar black hole in the finance sector and the UK's debt of several hundred billion makes me fear the future in the UK.

I'm guessing most middle income families with mortgages face:

• Tax rises cutting income
• Future spiralling intrest rates (they can only go up after all)
• Inflation surging back above target rates
• Huge unpredictablitiy in Oil prices
• Leaps in other energy costs
• Stagnation in pay rises
• Council tax rises to recover lost investments
• Long term stagnation in house prices caused by cheap Repo's hitting the market

And of course a higher possibility of redundancy as firms desperatly restructure.

I think the recovery is likely to hurt more than the recession for us people that don't have a lot to spare currently.

Thoughts?

Spot on.

If you can stay employed during this recession, make the most of it, because you will be stuffed when it finishes.

[Bing o]

GT03ROB said:

Spot on.

If you can stay employed during this recession, make the most of it, because you will be stuffed when it finishes.

I think the events at 12.30 today will have a lot of people like me (single, no kids, upper rate tax payer) seeking work abroad.

[GT03ROB]

Bing o said:

GT03ROB said:

Spot on.

If you can stay employed during this recession, make the most of it, because you will be stuffed when it finishes.

I think the events at 12.30 today will have a lot of people like me (single, no kids, upper rate tax payer) seeking work abroad.

I wouldn't surprise me if somewhere they slipped in something called "taxation on worldwide earnings". The Yanks have always had it. The UK is fairly unique in not haviing it. Then they'd get you even if you come abroad. It will come one day. Could be today.

[Fittster]

What exactly do people think we will recover to? Lower interest rates, cheap credit, asset prices increaing by 20% a year.

[ShadownINja]

Gonna hurt you, your children and your grand children. Anyone who thinks Winky is doing a great job must hate their spawn (mind you, it is possible, of course).

Edited by ShadownINja on Wednesday 22 April 09:48

[Dave_ST220]

Fittster said:

What exactly do people think we will recover to? Lower interest rates, cheap credit, asset prices increaing by 20% a year.

A world of st. The end.

[GT03ROB]

Fittster said:

What exactly do people think we will recover to? Lower interest rates, cheap credit, asset prices increaing by 20% a year.

Recovery will mean, people not in fear of their job, unemployment back to under 1m.

It will also mean higher taxes, higher interest rates, higher cost of living. If you stay in a job now, you will feel worse off & long for a recession back.

[Plotloss]

ShadownINja said:

Gonna hurt you, your children and your grand children. Anyone who thinks Winky is doing a great job must hate their spawn (mind you, it is possible, of course).

Edited by ShadownINja on Wednesday 22 April 09:48

I'm not entirely sure what I find more concerning.

That we're being run by the patently stupid or that there are MILLIONS of people stupid enough to want to keep them, even in light of their obvious ineptitude.

Doesn't paint an overly rosey picture of UK 2009 plc does it?

[ShadownINja]

Plotloss said:

ShadownINja said:

Gonna hurt you, your children and your grand children. Anyone who thinks Winky is doing a great job must hate their spawn (mind you, it is possible, of course).

Edited by ShadownINja on Wednesday 22 April 09:48

I'm not entirely sure what I find more concerning.

That we're being run by the patently stupid or that there are MILLIONS of people stupid enough to want to keep them, even in light of their obvious ineptitude.

Doesn't paint an overly rosey picture of UK 2009 plc does it?

Sometimes I hear people on phone ins saying how great a job Winky's doing. I find it difficult to follow their argument. Or take them seriously.

[BigJonMcQuimm]

Bing o said:

GT03ROB said:

Spot on.

If you can stay employed during this recession, make the most of it, because you will be stuffed when it finishes.

I think the events at 12.30 today will have a lot of people like me (single, no kids, upper rate tax payer) seeking work abroad.

Totally agreed..... Cannot wait to cut and run

[GT03ROB]

ShadownINja said:

Plotloss said:

ShadownINja said:

Gonna hurt you, your children and your grand children. Anyone who thinks Winky is doing a great job must hate their spawn (mind you, it is possible, of course).

Edited by ShadownINja on Wednesday 22 April 09:48

I'm not entirely sure what I find more concerning.

That we're being run by the patently stupid or that there are MILLIONS of people stupid enough to want to keep them, even in light of their obvious ineptitude.

Doesn't paint an overly rosey picture of UK 2009 plc does it?

Sometimes I hear people on phone ins saying how great a job Winky's doing. I find it difficult to follow their argument. Or take them seriously.

Very easy to understand.....the people on phone ins are the people the idiot will support come what may...the numerous wasters who work in the state sector & the feckless who his benefits system will allow to breed like rats despite being unable to support their brood.

[Dave_ST220]

ShadownINja said:

Plotloss said:

ShadownINja said:

Gonna hurt you, your children and your grand children. Anyone who thinks Winky is doing a great job must hate their spawn (mind you, it is possible, of course).

Edited by ShadownINja on Wednesday 22 April 09:48

I'm not entirely sure what I find more concerning.

That we're being run by the patently stupid or that there are MILLIONS of people stupid enough to want to keep them, even in light of their obvious ineptitude.

Doesn't paint an overly rosey picture of UK 2009 plc does it?

Sometimes I hear people on phone ins saying how great a job Winky's doing. I find it difficult to follow their argument. Or take them seriously.

Daytime shows? The work shy? Yep, they've done a great job for lazy tts.

[Plotloss]

Dave_ST220 said:

Daytime shows? The work shy? Yep, they've done a great job for lazy tts.

To be fair I think they've even done them a disservice.

Teach a man to fish and all that.

Keeping them on the state bosom indefinitely has created a reliance which helps no one, other than the civil service in administrative costs.

The rage virus.

Its the only hope.

[Alex]

What the government does not seem to realise is that the ONLY sector that creates wealth and jobs is the private sector.

Darling should start by cutting corporation tax and slashing public spending. Instead of creating another tax band, and further complicating the tax system, we should be aiming for a flat tax.

I wish the Tories had the balls to propose this.

[Northern Munkee]

Martial Arts Man said:

Tony*T3 said:

Talk of a 4 Trillion dollar black hole in the finance sector and the UK's debt of several hundred billion makes me fear the future in the UK.

I'm guessing most middle income families with mortgages face:

• Tax rises cutting income
• Future spiralling intrest rates (they can only go up after all)
• Inflation surging back above target rates
• Huge unpredictablitiy in Oil prices
• Leaps in other energy costs
• Stagnation in pay rises
• Council tax rises to recover lost investments
• Long term stagnation in house prices caused by cheap Repo's hitting the market

And of course a higher possibility of redundancy as firms desperatly restructure.

I think the recovery is likely to hurt more than the recession for us people that don't have a lot to spare currently.

Thoughts?

Agreed.

It will hurt even more after today's give away.

I expect a return to the run down shops era of my childhood (80s).

The big question is, will we ever return to times recent past? I hope so, but wouldn't want to put the house on it.

Have just asked much the same question in the very very bad thread? it doesn't feel a bad as it was in the 80's, but wonder if that because the people that know, know how truly bad it is and are just too scared to tell me, and worries me even more!

[G_T]

We're utterly fked if you ask me.

Aside from specialised engineering and pharmaceuticals we really have no industry to fall back on to repay these debts.

I think Alex Salmond's pre economic depression statement summed up how fked we are when he said; "The future of Scotland is secure as we can always rely on the high price of oil and the strong financial (read banking) sector". Of course this is true of everywhere in the UK and has now been proven to be utter bks.

Up until recently I was optimistic about these debts but I really don't see how anyone could be anymore. The agreed solution to getting out of the hole we're in is to dig our way out.

[SGirl]

Plotloss said:

That we're being run by the patently stupid or that there are MILLIONS of people stupid enough to want to keep them, even in light of their obvious ineptitude.

Doesn't paint an overly rosey picture of UK 2009 plc does it?

They had a few vox pops on the radio this morning, asking people what they thought would be implemented in the budget. One genius said he hoped that the budget would give government assistance to people who want to buy a house. I.e. financial assistance to people who want a house but can't afford it.

Looking elsewhere - I've read various snippets recently where people are calling for things such as breast reductions on the NHS nationwide, free repeated IVF treatments for anyone who wants a go and increases in unemployment benefit because apparently, it isn't enough to live on.

Many people in this country really are quite, quite thick. They just don't understand the whole sorry mess, or even care about it. All they want is handholding and money. They don't seem to realise - or if they do, they don't care - that all this stuff has to be paid for.

[G_T]

SGirl said:

Looking elsewhere - I've read various snippets recently where people are calling for things such as breast reductions on the NHS nationwide, free repeated IVF treatments for anyone who wants a go and increases in unemployment benefit because apparently, it isn't enough to live on.

Many people in this country really are quite, quite thick.

Whilst I agree with you on the whole I'm sorry but I take exception to those three comments. Your seems ill-informed in places.

Firstly you have a right to healthcare. All jokes aside breast reduction surgery is carried out because of genuine health concerns. It isn't done for asthetics.

Secondly, and this is subjective, it is your right to have a child if it is possible. On the NHS IVF will only be carried out on patients where doctor's believe there is a chance. They do not carry it out willy-nilly on people with whom they know it will never work. It is not our right to say who can't have children just because of cost cutting.

In terms of benefits; Could you survive on £60 a week? After a life of employment and paying taxes; you've just lost your job, pension, house, car and someone offers you £60 a week. Meanwhile the people that caused the whole mess are made rich by it and MPs expensives exceed £33,000 a head. Is it not understandable that you would feel you were entitled to more?

I agree on the whole with what you're saying. Cost cutting is necessary and some peoples expectations are far too high given the economic climate. But I think the situation is more complicated than it appears at first glance.

No offence meant by the way.