BLACK WEEK FOR GOVERNMENT, ECONOMIC INCOMPETENCE HIGHLIGHTED

[Cannydc]

Monday starts with a stark warning from Ernst and Young...

The Item Club has downgraded its forecast for gross domestic product (GDP) to just 0.9% this year, well below the 1.4% it predicted three months ago.

They use the same economic forecasting model as the government, by the way.

Inflation figures are out tomorrow, it may well rise again to 5% and is eating away at people's incomes as they suffer with little or no pay rises to compensate. And that is before the new £75 Bn of quantitative easing hits the streets. Watch prices soar then...

Two reports due out today will say that 2012 will be as bad as 2011...

And then we are faced with more dire retail sales figures on Thursday.


And Plan A ? Well, manufacturing industries 'taking up the slack' isn't worth a bean.

And Plan B ? There is no Plan B.

[Cactus Jack]

It's what the downward revision means in terms of the deficit - the UK economy is about £1.5 trilion, a downward revision of .5% in growth means a loss of £7.5 billion on budgeted spending - that is the government is adding an extra £7.5 billion to our national debt over and above what was already forecast.

With next years growth reduced by .7% we're going broke saving all this money

[George]

[Leveller]

It's what the downward revision means in terms of the deficit - the UK economy is about £1.5 trilion, a downward revision of .5% in growth means a loss of £7.5 billion on budgeted spending - that is the government is adding an extra £7.5 billion to our national debt over and above what was already forecast.

With next years growth reduced by .7% we're going broke saving all this money

[Cactus Jack]

Do you actually have anything to say RWP or are you making the case for birth control - way after the event

[Guest]

Do you actually have anything to say RWP or are you making the case for birth control - way after the event

People like you who do not know how to laugh are totally pompous and self-conceited.

[Guest]

Do you actually have anything to say RWP or are you making the case for birth control - way after the event

People like you who do not know how to laugh are totally pompous and self-conceited.

We are laughing at your disingenuous Tory posters.

Ever though of posting some which have a modicum of truth

[Cactus Jack]

Edited for accuracy

[Guest]

Do you actually have anything to say RWP or are you making the case for birth control - way after the event

People like you who do not know how to laugh are totally pompous and self-conceited.

We are laughing at your disingenuous Tory posters.

Ever though of posting some which have a modicum of truth

Modicum?

[Guest]

This sums up labour economic prowess and their legacy to this land beautifully.

[Guest]

This sums up labour economic prowess and their legacy to this land beautifully.

He was on benefits since the 1980s

Glad you reckonise the Tories are just as hopeless but the long-term unemployed did hit rock bottom under one of the two parties, which one?

[art1hur1moh]

This sums up labour economic prowess and their legacy to this land beautifully.

He was on benefits since the 1980s

Glad you reckonise the Tories are just as hopeless but the long-term unemployed did hit rock bottom under one of the two parties, which one?

Unemployment...mmm let's see what history says! After the plauge, for the first time in recorded history and never repeated. People could ask any wage of the lords for work done!

Besides that, there is govornment borrowing based on potential earnings of all children registerd! Currently the amount borrowed is £200,000 from birth to age 21! The borrowing limit is increased after that, based on the average annual earnings. So no one gets any benifits!! Do you honestly think the people that run this country would give benifits?

You call it benifits if you wish! I call it a bribe! And how many earning wages over £6,000 pa are being bribed? Have you accepted a bribe on your ??£15-30k annual wages, £500,000-1million pa wage? Yes you have accepted the bribe or no you want nothing to do with the destructive system no one can control or understand well enough to fix.