Where is the UK Economy heading ?

Question

Tanker Drivers 14% award ..... gas and electricity up by 40% this year ..... high cost of borrowing ..... wage rises less than inflation ... inflation currently running at 4%+ .... house prices unaffordable but falling .... rocketing rents ..... more and more people in that debt spiral .... more and more people suffering from depression! Can a change of government really pave the way or will we just have to weather the storm for the next four years?

Answer 1

In the same denied recession we've been going through for the past 3 to 4 years.

Bring back our industries, our own utility companies and our jobs for life!

Call it new technology and they use it to burn and they show no concern

Work for their prosperity while the big wheels turn, now it's too late to learn

Don't upset the teacher

Though we know he lied to you

Don't upset the preacher

He's gonna close his eyes for you

And it's a shame

That you're so afraid

Just a worker waiting in the pouring rain

Putting back the pieces of a broken dream

Putting back the pieces of a broken dream

Father worked in industry, now the work has moved on and the factory's gone

See them sell your history where once you were strong and you used to belong

There was once a future

For a working man

There was once a lifetime

For a skillful hand

Yesterday

And it's a shame

That you're so afraid

Just a worker waiting in the pouring rain

Putting back the pieces of a broken dream

Putting back the pieces of a broken dream

Don't upset the teacher

Though we know he lied to you

Don't upset the preacher

He's gonna close his eyes for you

And it's a shame

That you're so afraid

Just a worker waiting in the pouring rain

Putting back the pieces of a broken dream

Putting back the pieces of a broken dream

Tempers fray so easily in desperate despair, is there anyone who cares?

Just another tragedy, just a personal affair in a room somewhere

There was once a future

For a working man

There was once a lifetime

For a skillful hand

Yesterday

And it's a shame

That you're so afraid

Just a worker waiting in the pouring rain

Putting back the pieces of a broken dream

Putting back the pieces of a broken dream (broken dream)

Putting back the pieces of a broken dream

Of a broken, of a broken dream

Putting back the pieces of a broken dream (broken dream)

Putting back the pieces of a broken dream

Answer 2

Down the Toilet!

The Government could not care less about real people (ie anyone earning under 100k per year)

See: 10p tax, MP's voting on their own pay, the Criminal Abuse of their expenses, and all that you mention above

Answer 3

I think that the walk down the road is irreversible in the medium term without bold and unpopular decisions or in the longer term with not change in policies (as recession/ depression will do what politicians are afraid of doing).

I suspect a change in government will make any difference. Politicians are coming from the same mold. They would never (but for exceptions) make unpopular decisions that will make them blamed to be the responsible for the sharp correction in the economy. Nobody wants to turn on the light of fear that the light bulbe dies when it's his/her turn and get blamed for that, instead of changing the bulbe itself (an expensive and unpopular choice).

Answer 4

Well, first of all, there is NO United Kingdom!  England has not had a monarchy since 1824 when Parliament finally had the guts to stand up to pass laws OVER King George!!!!  That effectively ended the monarchy in England.  It is just the English brand of communism that continues to brainwash their people into thinking they have a monarchy!

Secondly, most of the world's finance, business, and trade is controlled by the British aristocracy.  They have been "rolling over" their investments in the world for well about 600 years now.  For such a tiny island having a world-wide military presence even now, that must be costing the aristocracy quite a pretty pence, however, all of that plus what our USA does with England is in conjunction with the British ownership of the wealth in the world.  And, sad to say, although English government does not control our USA, the British aristocracy DOES control our USA!

The continual decline of social orders and the rising globalized economy that the British want will continue to do the same things to the British economy and society that is happening all over the world -- killing Democracy, killing small businesses and individual citizen ownership of land, elmination of family farms, destruction of local markets, and a conversion of the entire world into economic prostitution and consumer slavery.  That is already happening on a large scale here in our USA, and has been going on for some time before in Africa, Asia and southern America (remember that America is a vertical hemisphere, NOT a nation!  Every country from Canada to Chile and in the Bahama and Caribbean Islands is in America!!!)

Answer 5

The people in Britain voted for a labour government and this is what they got.Tony Blair brought this country to its knees and

now Gordon brown is about to plunge the dagger into the hearts

of all the British people by increasing taxes on every commodity

that we use.Why has everything  suddenly become so expensive.

Answer 6

Hate to say this, but a lot of the global economic problems are linked to the housing bubble in the US.  Commodities (at least oil) are measured in US dollars.  US dollar isnt going to increase in strength until the housing crisis corrects itself.  Which no one truly knows when it will happen.

http://www.ft.com/cms/s/0/4fd0cd5a-3e22-...

Answer 7

Unless the Bank of England gets a move on with raising interest rates, we're set for a bout of heavy inflation such as hasn't been seen since the late 70s / early 80s.

Unfortunately, higher interest rates will be very painful for those in debt (including families with mortgages) and may cause a lot of businesses to go bust, resulting in a depression.

Either way we lose. The next five years or so are going to be tough, one way or another. The party's over, and here comes the hangover.

Answer 8

The decision from shell do give the 14% pay rise to tanker drivers could be the factor that pushed us over the edge. They have shown to everyone one that outrageous pay rises are easily achievable. I can see further public sector strikes and increased demands for wage rises on the horizon. The result? Inflation will rocket faster than it is already and the BofE will be forced to put rates way up. Like an above poster said, we're damned if we do, and we're damned if we don't.

Answer 9

ITS GOING DOWN THE TUBES. It seems that any government that stays in power for longer than two terms loose the plot and the people suffer.