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Post by zanygame on Jun 19, 2023 15:29:54 GMT
When will the economy begin to recover? Recover from what? The business people I know are all doing well. In your dreams. |
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Post by Dan Dare on Jun 19, 2023 15:35:36 GMT
@zany: what would you expect to see different if the economy did recover?
Retail sales rebounding, foreign holidays in high demand, record imports of consumer goods from China, house prices escalating, that sort of thing?
In short, how would we know it's happened?
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Post by zanygame on Jun 19, 2023 15:54:06 GMT
@zany: what would you expect to see different if the economy did recover? Retail sales rebounding, foreign holidays in high demand, record imports of consumer goods from China, house prices escalating, that sort of thing? In short, how would we know it's happened? Yes in short to Retail sales, leisure sales house sales recovering (Don't know about escalating) but my question was really about what people think our government is doing to help or hinder. Yesterday a spokesperson for an investment company stated that the interest hikes had not been effective. This he explained is because interest rates no longer effect many of the bigger spenders who already own their homes. He then went on to suggest that the only alternatives to raising interest rates was to lower taxes or cut government spending, but he didn't think these would work either. Of course they wont bloody work, they would free up MORE money and increase spending. The thing he didn't suggest which was blindingly obvious was that we could INCREASE tax, that this WOULD effect those with money to spend and WOULD lower inflation. This government have no balls. Same with separating the cost of renewables from gas would reduce electricity prices and help pull inflation down. I don't see the economy beginning to recover until interest rates fall. |
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Post by Baron von Lotsov on Jun 19, 2023 15:54:31 GMT
Ah well then that would be the modern stuff, not soviet stock. As I understand it, back in soviet times the arms build-up was so great that just about the only thing that country inherited was military equipment. So what you have now is on both sides they have thousands of T72 tanks and the old soviet artillery. On top of that each side has modern equipment, like Ukraine has Nato kit which is very expensive. Russia also has built up its arms in the last ten years. I think we are comparing apples with oranges. The point is though that arms and ammo are in short supply so the soviet era stuff is important. A crap gun is far better than no gun if being shot at. Ammo and arms are not in short supply for Ukrain. Plenty more where that came from. And far superior to anything the Russians have.. How do you know?
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Post by see2 on Jun 19, 2023 16:00:32 GMT
Recover from what? The business people I know are all doing well. In your dreams. Or in his tiny little world. IMO, it is unlikely to improve until Lady Luck decides to shine upon the UK. |
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Post by Vinny on Jun 19, 2023 16:02:22 GMT
When the Ukraine war ends That's the big driver of all this.
Another important thing, accept the motorist.
Stop hitting motorists with excessive taxation.
Give us hydrogen fuel cell cars and stop this mad push for everyone driving around on lithium ion batteries.
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Post by Vinny on Jun 19, 2023 16:03:47 GMT
President Putin is already beating Nato. You will see more evidence of this in the coming weeks as they have a very large army which according to what I hear are just getting into position. We're talking about 650 000. Most of Ukraine's army is smashed to pieces. Washington looks like it wont back down, so this forces Russia to gain control of all of Ukraine. Their alternative is pretty much just take the Eastern half up to the Dnieper River, but if they do this and Washington is still feeding the other half with missiles they are going to have to wipe out the entire regime and take control of the nation, something I hear President Putin would prefer not to do.
You could say, well OK so Nato's army is huge, but think about it. Look at the political situation in Germany and similar. This is impossible politically. OK they could say push it through if they tried but as soon as body bags started to be returned from the frontline all hell would break loose in the country and the government would be forced out and an anti-war government elected.It only worked in Iraq because the Iraqis were crap military men. With Russia it is in their blood. They are battle-hardened.
Nonsense,the Russian army is a shadow of what it once was Putin lives in a world of his own. Russia needs a way out of this though and not being totally humiliated. Russia's way out is revolution. Executing Putin and his cronies. Becoming a democracy. Rejoining the civilised world. Accepting Ukraine. |
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Post by jonksy on Jun 19, 2023 16:15:22 GMT
Ammo and arms are not in short supply for Ukrain. Plenty more where that came from. And far superior to anything the Russians have.. How do you know?
I helped deliver them in the convoys from Easter. and on the way back we brought back spent Russian and Ukrain Brass to go to be smelted at our ordnance factories. And that is just the UK effort you should see what Uncle Sam was supplying and other Nato states. Like I have already stated plenty more ammo of all calibres where that came from. |
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Post by Pacifico on Jun 19, 2023 16:56:23 GMT
Any idea? Normally business planning involves looking at how long you need to keep your head down, but all the businesses I speak to have no idea how this ends. We are looking at another rise in interest rates despite the fact that its not working (No surprise there) What's your predictions? Never.
Interest rates are sky high, honest men and women roam the streets begging for for bread and work while illegal immigrants drive up to the Labour exchanges in flash motor cars to collect sackloads of cash that the government is too cowardly to refuse them.
And it is going to get worse.
This argument does have a lot of merit. The lunatic drive to Net Zero and subsequent high energy costs is already making production (of anything) in the UK uneconomic - once they start introducing '15 minute towns' the quality of life for the average worker is going to be decimated. |
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Post by Dan Dare on Jun 19, 2023 17:03:54 GMT
...Same with separating the cost of renewables from gas would reduce electricity prices and help pull inflation down. I don't see the economy beginning to recover until interest rates fall. Isn't that likely just to increase household debt though through more consumer spending and real estate speculation?
Does the UK need more growth fueled by personal debt? It already has the highest debt level as a proportion of GDP, higher even than the US or any of our European neighbours.
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Post by Pacifico on Jun 19, 2023 17:40:01 GMT
...Same with separating the cost of renewables from gas would reduce electricity prices and help pull inflation down. I don't see the economy beginning to recover until interest rates fall. Isn't that likely just to increase household debt though through more consumer spending and real estate speculation?
Does the UK need more growth fueled by personal debt? It already has the highest debt level as a proportion of GDP, higher even than the US or any of our European neighbours.
or some of our European neighbours..  |
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Post by zanygame on Jun 19, 2023 17:45:29 GMT
Or in his tiny little world. IMO, it is unlikely to improve until Lady Luck decides to shine upon the UK. I think you mean Lady luck Labour  |
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Post by zanygame on Jun 19, 2023 17:54:34 GMT
Never.
Interest rates are sky high, honest men and women roam the streets begging for for bread and work while illegal immigrants drive up to the Labour exchanges in flash motor cars to collect sackloads of cash that the government is too cowardly to refuse them.
And it is going to get worse.
This argument does have a lot of merit. The lunatic drive to Net Zero and subsequent high energy costs is already making production (of anything) in the UK uneconomic - once they start introducing '15 minute towns' the quality of life for the average worker is going to be decimated. Do you have any evidence that the 1% added to your fuel bills etc is really what's driving this down turn. Sounds like a poor excuse to me. I say thank goodness for renewable energy its far cheaper than gas. The subsequent energy costs are GAS and OIL. |
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Post by zanygame on Jun 19, 2023 17:57:37 GMT
...Same with separating the cost of renewables from gas would reduce electricity prices and help pull inflation down. I don't see the economy beginning to recover until interest rates fall. Isn't that likely just to increase household debt though through more consumer spending and real estate speculation?
Does the UK need more growth fueled by personal debt? It already has the highest debt level as a proportion of GDP, higher even than the US or any of our European neighbours.
Only if you keep restricting the supply of new houses, which they don't do in Europe. Compared to the average European country, Britain today has a backlog of 4.3 million homes that are missing from the national housing market as they were never built. This housing deficit would take at least half a century to fill even if the Government's current target to build 300,000 homes a year is reached. |
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Post by jonksy on Jun 19, 2023 18:01:56 GMT
Isn't that likely just to increase household debt though through more consumer spending and real estate speculation?
Does the UK need more growth fueled by personal debt? It already has the highest debt level as a proportion of GDP, higher even than the US or any of our European neighbours.
Only if you keep restricting the supply of new houses, which they don't do in Europe. Compared to the average European country, Britain today has a backlog of 4.3 million homes that are missing from the national housing market as they were never built. This housing deficit would take at least half a century to fill even if the Government's current target to build 300,000 homes a year is reached. What UK restrictions? The other EU states have no need of house restrictions as they send or their unwanted imports to our shores. |
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