Quote of the day
“Growth will come – I’m confident about that”
- Alistair Darling, demonstrating his stunning economic credentials once again while commenting on the disastrous GDP figures released today that showed the UK is in its longest recession since the 1950s
Witanagemot Blogs
So will the rain, but don’t expect the Met to reliably forecast it….
Ooooooooh, cutting….
…..Like a carbunkle on what is in effect, the Governments R’shole.
They talk out of it, have policy outcomes that smell like one and for all intensive purposes have the same output, having fed lots of good stuff in from the other end.
As the trumpets sound a feint and distant note, the Labour Government slips below the sea of their debt, incompetence and awfulness.
Fixed it for ya.
Out on the street the recession is not going away, and the rate on constriction is not slowing. I have dealings on a regular basis with shop owners who help me with promotional material for gigs. When I go into their shops, they are empty. That was not the case even 6 months ago.
One guy said to me yesterday, ‘I never went 20 minutes without a customer before, now it’s become a pattern. A year ago the shop never empty for more than a minute or so’. His biggest value item is about a tenner.
Financial services can always make a profit, even in a bust. Derivatives and bonds are not the stuff of the average man on the street. The recession is worse than ever, and I will not really believe that we are out of it until I start to see people on the streets with money to spend on non-essentials.
I believe that may be at least a year from now, but most likely longer.