[capybara]

http://www.bbc.co.uk...litics-18170067

A case of damned if yo do or damned if you dont. So Alec goes to a big Oil Seminar in Aberdeen and not to London and he is a bad boy. Well .

[qpsnapper]

Reynard, on 22 May 2012 - 14:56, said:

The story doesnt end there at salary level. These people will still be looking for their massive pensions going forward and their massive redundancies too.

Yes, it'll just end up with masses of taxpayers' cash being spunked on councillors and staff redundancy deals, pensions, massive piss ups masquerading as send-offs for the old councils, and any other shite thay can think of to waste money on, just as they did when the regional and district councils were abolished.

[kiwififer]

capybara, on 23 May 2012 - 09:29, said:

http://www.bbc.co.uk...litics-18170067

A case of damned if yo do or damned if you dont. So Alec goes to a big Oil Seminar in Aberdeen and not to London and he is a bad boy. Well .

Is Cameron attending this?

[Ad Lib]

xbl, on 23 May 2012 - 09:28, said:

So, these Lib Dems...opposed to nuclear subs are they?

http://www.scotsman....-subs-1-2308889



Hows that working for them?

Ah good you've STILL not read the Coalition Agreement. Or our manifesto. Both of which make clear that our policy is that the decision whether to replace Trident will not be formally concluded during this Parliament. That there's preparatory work for a decision to be taken post 2015 is neither here nor there.

This post has been edited by Ad Lib: 23 May 2012 - 10:43

[xbl]

Ad Lib, on 23 May 2012 - 10:42, said:

Ah good you've STILL not read the Coalition Agreement. Or our manifesto. Both of which make clear that our policy is that the decision whether to replace Trident will not be formally concluded during this Parliament. That there's preparatory work for a decision to be taken post 2015 is neither here nor there.

Quite a lot of "preparatory work". Enough to make it inevitable. Seems like some hair splitting in process here...

[capybara]

kiwififer, on 23 May 2012 - 10:16, said:

Is Cameron attending this?

No

[kiwififer]

capybara, on 23 May 2012 - 11:11, said:

No

Imagine that. Has that been reported in the papers?

[Reynard]

Cameron calls Ed Balls a "muttering idiot" at PMQs

It's a shame he didn't go for even more unparliamentary language and really call the guy out for the lying economically illiterate fuckwit he really is. Balls is a complete and utter c**t.

[vikingTON]

Yes, and in similar economic fuckwittery related news, I see that previous growth estimates have once again been humiliatingly downgraded today.

Since 'The Coalition' came to office in May 2010, the economy has grown by a massive 0.3%! It seems undoubtable at this stage that the Cameron/Clegg shitfest will go down alongside the National government of the 1930s as the worst administrations in British political history.

0.3% in two years: they are useless!

This post has been edited by vikingTON: Yesterday, 18:14

[Reynard]

vikingTON, on 24 May 2012 - 18:13, said:

Yes, and in similar economic fuckwittery related news, I see that previous growth estimates have once again been humiliatingly downgraded today.

Since 'The Coalition' came to office in May 2010, the economy has grown by a massive 0.3%! It seems undoubtable at this stage that the Cameron/Clegg shitfest will go down alongside the National government of the 1930s as the worst administrations in British political history.

0.3% in two years: they are useless!

They are. They really did squander that golden economic legacy that utter fuckwits like Brown, Balls etc left behind. It really was an economy in wonderful shape thanks to thirteen years of socialist prudence.

We won't be seeing any growth for at least a couple of decades until we lift interest rates and flush all the shite out of the system. If you want to see what the UK "growth" is going to look like in a couple of decades time take a swatch at Japan. Flatlining for near enough twenty three years now.

Hope you young guys can manage to find a job when you leave school.

[xbl]

vikingTON, on 24 May 2012 - 18:13, said:

Yes, and in similar economic fuckwittery related news, I see that previous growth estimates have once again been humiliatingly downgraded today.

Since 'The Coalition' came to office in May 2010, the economy has grown by a massive 0.3%! It seems undoubtable at this stage that the Cameron/Clegg shitfest will go down alongside the National government of the 1930s as the worst administrations in British political history.

0.3% in two years: they are useless!

Stronger together!

[Reynard]

xbl, on 24 May 2012 - 18:41, said:

Stronger together!

I wouldn't crow too much. Salmond has already proven what a fucking muppet he is economically too. He will have us fucked too in the unlikely event he ever gets to implement his keynesian shite.

[vikingTON]

Reynard, on 24 May 2012 - 18:27, said:

They are. They really did squander that golden economic legacy that utter fuckwits like Brown, Balls etc left behind. It really was an economy in wonderful shape thanks to thirteen years of socialist prudence.

Surely they should have taken this into account when setting their own forecasts? For example:

George Osborne's anticipated growth in 2011: 2.3%
Actual UK growth: 0.7%

George Osborne's anticipated growth in 2012: 2.8%
Forecasted actual growth: 0.5%

Let's not the forget the fact that economic growth had recovered and indeed surged ahead by the second quarter of May 2010 - though it is of course no endorsement of the Labour Party for them to be less utterly hopeless than the current shambles.

The people to blame for the UK's woeful economic performance are the Coalition: in the same way that Labour were made accountable for the acute crash in 2007-08.

This post has been edited by vikingTON: Yesterday, 20:29

[dorlomin]

vikingTON, on 24 May 2012 - 18:13, said:

Yes, and in similar economic fuckwittery related news, I see that previous growth estimates have once again been humiliatingly downgraded today.

Since 'The Coalition' came to office in May 2010, the economy has grown by a massive 0.3%! It seems undoubtable at this stage that the Cameron/Clegg shitfest will go down alongside the National government of the 1930s as the worst administrations in British political history.

0.3% in two years: they are useless!

The Uk population has grown by over 500 000 in that period. So there is about the same money going around more people.

Chinese PMI (factory purchasing) is currently down as is German GDP so over the first 3 months of the year the global economy was slowing. But the problem is UK contraction was ahead of the global slowdown and our contraction which started Q4 2011 has been driven by flat services and down construction rather than manufacturing, our exports have been up. The leading edge of this contraction is domestic. But the bulk of it which is yet to come is going to be global. I.e. weak (contracting) domestic economy is going to be super imposed on a global slow down. For the UK with its financial heavy economic mix this is especially problematic as financials have a lot of exposure to a global slow down.

The three big bad wolves of the global economy this year are Spain\Italy Eurozone bailout (the only reason Greece gets all the attention is that when Greece finally capitulates the bond vigilanties move to Spain\ Italy.... i.e. Greece is a sort of firewall between the bond vigilanties and the 3-4 biggest economies in the Eurozone), Chinese hard landing and the US debt cealing being up around November.

Other big stories that may yet surface are things like the ongoing implosion of the US shale gas industry including the potential bankruptcy of its biggest independent Chespeake Energy, some more implosions in the Exchange Traded Fund market, a new credit crunch in Europe as capital flight takes hold in Greece\ Spain.... actualy there are far too many to mention.

F*ck it we are going to have to work hard to avoid 2008 mark II. If anything harms the financial there will be a big drop in government revenue in the UK so debt targets will blow up.


The global economy is going to be a basket case for the foreseeable future. Almost every country is sitting on absolute bombscares waiting to blow up.

at least I am not an undergrad with £9k a year debt per year and going to enter a job market in 3 years time that will be more Children of Men than Wall Street.