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World Bank issues 'perfect storm' warning for 2016 
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Legend

Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
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World Bank issues 'perfect storm' warning for 2016 | Business | The Guardian
http://www.theguardian.com/business/201 ... -economies

Meanwhile, George is cranking up the BS machine to full capacity

George Osborne warns UK economy faces 'cocktail of threats' | Politics | The Guardian
http://www.theguardian.com/politics/201 ... of-threats

Quote:
“Yes – there’s good news here and right across the UK. That’s because we have a national economic plan that backs business and skills, and is delivering growth, high employment, and rising wages,” the chancellor is expected to add.

“But as we start 2016, I worry about a creeping complacency in the national debate about our economy. A sense that the hard work at home is complete and that we’re immune from the risks abroad.”


Does any of that sound legit to you? The high employment and rising wages are especially laughable, when it's backed up by ridiculously massaged figures inclusive of zero hour contracts and the tax credits that snake tried to kill off. And who honestly believes we've had a national debate about the economy? Or that anyone thinks 'I'm alright, Jack'?

My gut instinct is Corbyn rather frightens him and he needs to get ahead of it.

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Thu Jan 07, 2016 4:11 pm
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What's a life?
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Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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pcernie wrote:
My gut instinct is Corbyn rather frightens him and he needs to get ahead of it.

My gut instinct is with the rumours of interest rate rises due quite soon, his housing inflation & consumer credit based economic bubble is about to spectacularly go pop and he's getting his excuses in early.

It's odd that when the figures are good it's because 'the long term economic plan' is working, when the figures are bad it's always an external factor that can't be controlled. Doesn't the long term economic plan allow for the fact the economy is cyclical George? And if not, it's not very long term is it?


Thu Jan 07, 2016 5:18 pm
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