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UK finances deteriorate further
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=6371		 Page 1 of 1
Author:  Amnesia10 [ Thu Feb 18, 2010 11:53 am ]
Post subject:  UK finances deteriorate further
http://news.bbc.co.uk/1/hi/business/8521587.stm
Author:  AlunD [ Thu Feb 18, 2010 11:55 am ]
Post subject:  Re: UK finances deteriorate further
Its all doom and gloom isn't it :?
Author:  paulzolo [ Thu Feb 18, 2010 12:01 pm ]
Post subject:  Re: UK finances deteriorate further
Quote:
"These are pretty ghastly figures and come as somewhat of a surprise," said Andrew Goodwin, senior economic adviser to the Ernst & Young Item Club.


I suggest that Andrew Goodwin looks for a new job. The country has been in recession. Banks have not been lending to businesses which have either been forced to shut or heavily reduce operations and staff. The result: less money in circulation, ergo lower tax receipts.

This, surely, is not a surprise.
Author:  HeatherKay [ Thu Feb 18, 2010 12:15 pm ]
Post subject:  Re: UK finances deteriorate further
paulzolo wrote:
This, surely, is not a surprise.


Precisely.

In the Bat Cave, we've had two outwork suppliers go on short weeks. Others have gone completely. The Bat Cave is owed money - some debts outstanding over six months or more :shock:

Strikes me economists, bankers and the government, need a spot of reality to bring them down to earth. Preferably with a very hard bump.
Author:  Amnesia10 [ Thu Feb 18, 2010 8:25 pm ]
Post subject:  Re: UK finances deteriorate further
I am not an economist but I would agree. Far too many work for those with vested interests to say things are hunky dory and that the recession is over.
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