UK economy best in Europe
Discussion
Is this why Brown is clinging on?
Observer on Sunday
Observer on Sunday
Observer said:
Britain is emerging from the worldwide recession in better shape than many rivals, and voters should give Gordon Brown the credit, Nobel prize-winning economist Paul Krugman says today in an interview with Observer columnist Will Hutton.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Observer said:
Britain is emerging from the worldwide recession in better shape than many rivals, and voters should give Gordon Brown the credit, Nobel prize-winning economist Sir Paul Krugman says today in an interview with Observer columnist Will Hutton.
Sir Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Edited for crystal ballSir Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
In part, the guy could be correct. But thats only because the recession hits the manufacturing base and thats been all but wiped out in previous Labour administrations. Our recession is simply hurting the big industrial bases like Germany.
The last little bit of manufacturing we had is getting mopped up with this recession.
The last little bit of manufacturing we had is getting mopped up with this recession.
KANEIT said:
Hmmmmm! Economics Nobel Prize winner speaks his mind about the advantagous state of our economy in relation to the rest of Europe. That's not the sort of thing he would say lightly. Because what he says isn't to your liking he must be pals with Brown or corrupt? Get a f
king life!
Then why did he criticise Obama for doing the same thing? BTW, "Nobel" anything lost its shine when Al Gore was handed one.king life! Edited by Jimbeaux on Sunday 14th June 18:26
Paul Krugman is an absurd Cassandra who has been writing books and articles predicting economic collapse for over thirty years. Will Hutton is a lunatic New Labour idologist obsessed with the concept of "stakeholders" (essentially, the word means people who will vote Labour).
The only sensible course is to ignore them both.
The only sensible course is to ignore them both.
green shots from where...we have an economy driven by consumption and house prices with a massive public sector.... i guess a lot of countries are following john maynard keynes but i want my money to actually be worth something so i advocate sending a terminator back in time...
in other nonnews the government is unveiling its plans for digital britain...how much is it going to cost and how will they fk it up...
in other nonnews the government is unveiling its plans for digital britain...how much is it going to cost and how will they f
k it up...Puggit said:
Is this why Brown is clinging on?
Observer on Sunday
And of course absolutely no mention of the fact that Britons have the highest personal debt of ANY civilised country... that's not going to affect the climb out of recession now, is it?Observer on Sunday
Observer said:
Britain is emerging from the worldwide recession in better shape than many rivals, and voters should give Gordon Brown the credit, Nobel prize-winning economist Paul Krugman says today in an interview with Observer columnist Will Hutton.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Hopefully Britain will climb out but until the "buy it on tick" mentality is destroyed, Britain cannot improve it's lot, IMHO....
JMGS4 said:
Puggit said:
Is this why Brown is clinging on?
Observer on Sunday
And of course absolutely no mention of the fact that Britons have the highest personal debt of ANY civilised country... that's not going to affect the climb out of recession now, is it?Observer on Sunday
Observer said:
Britain is emerging from the worldwide recession in better shape than many rivals, and voters should give Gordon Brown the credit, Nobel prize-winning economist Paul Krugman says today in an interview with Observer columnist Will Hutton.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Krugman, who is in London to deliver a series of major lectures on how the world can avoid a 21st-century Great Depression, offered a gloomy assessment of prospects for the rest of the world - but said that the government's bank rescue package, together with a sharp fall in sterling and record low interest rates, should help nurse UK plc back to health.
"I think the UK economy looks the best in Europe at the moment. I think the policies are intelligent," he says, adding that the government may eventually benefit if the green shoots emerging over recent weeks flourish. "If the government can hold off having an election until next year, Labour might well be able to run as 'the people who brought Britain out of the slump'," he says.
Hopefully Britain will climb out but until the "buy it on tick" mentality is destroyed, Britain cannot improve it's lot, IMHO....
Do you believe what you read in what is, effectively, the Sunday Grauniad?
We may well come out of technical recession shortly but we will be feeling the effects for two years afterwards in terms of jobs.
Is our economy "the best" in Europe? Depends on your measures, doen't it.
Positive news is always welcome. But pointlessly optimistic spin is also unhelpful.
We may well come out of technical recession shortly but we will be feeling the effects for two years afterwards in terms of jobs.
Is our economy "the best" in Europe? Depends on your measures, doen't it.
Positive news is always welcome. But pointlessly optimistic spin is also unhelpful.
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