- Thread starter
- #21
What he is doing now is EXACTLY what they did in the 1930's and it worked.
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The UK is now back in recession it is official
- Thread starter Uncle Spielberg
- Start date
What he is doing now is EXACTLY what they did in the 1930's and it worked.
brightn'ove
cringe
why would you wish to share that horrific image
To share the burden.
- Thread starter
- #24
Not really mate, the last 5 years have more or less wiped me out so I don't think I am enjoying it much but carry on with your mental image if it brings you pleasure. I was looking for a sensible discussion and exchange of views and it lasted 19 posts before the inevitable insults started flying around so that's pretty good really. Well done you.
I've no idea. But clearly someone thinks so. Why would you lend $1.2 trillion dollars if you didn't think there was a GOOD chance of getting it back?
Yes you do. You LOVE a bit of melo-drama. Uncle Scouser.
- Thread starter
- #27
I'm with you on this one Simster. A country without growth is screwed. It is growth that will get us out of the poo ultimately.
- Thread starter
- #28
Whatever you think. Your right.
Correct Gareth. Growth is the key to improving the base from which tax receipts are collected.
Doc Lynam
I hate the Daily Mail
- Jun 19, 2011
- 7,244
Until England stops becoming a country based on the service industry and more help is given to the manufacturing sector we are screwed. You need to have strong exports but successive government have never got a grasp to the crisis that is our dying manufacturing base. Green technology, development and manufacturing, however small it is, has to be an area we must invest more into. Using our strong design heritage and manufacturing for a product that has global reach which will only increase with time. Unfortunately we need Politicians with vision more then ever and we just don't have them.
Digweeds Trousers
New member
Strangely though certain areas of business are booming despite the current difficulties. I guess it depends on what market you work in. What is interesting is the end of the 'broker market' that in many peoples eyes is being equated with the recession.
Having worked in Private Equity backed software houses from start-ups to listed businesses over the last 10 years it is so noticeable that eh rise of SaaS software and other platforms aimed at cutting out the middle-man or broker would have happened despite the recession - and arguably at a greater rate if the recession had not hit.
The explosion in social-based business applications over the last decade shows in my opinion that the internet has changed everything. From price, to value to implementation, everyone is now a consumer - and those consuer-driven expectations are now driving change in the way we do business.
I know it's not pleasant when the business an individual works in suffers from disruptive innovation -I was a money broker 10 years ago and could see what was happening - the world was beocming one of standardisation and unification - meaning the days of the expert broker was coming to an end.
Holidays - 2000 - travel agent in the high street.
2012 - expedia, last minute.com
Mortgages - 2000 - broker
2012 - choose any one of dozens of platforms
Personal banking, buying a car - all these different ways of sourcing a product are now exposed and laid bare on the internet.
It may not be to everyones liking but the social darwninism effect being seen in so many markets was coming regardless of the recession - value, cost and how easy you are to buy from is how you are judged today.
Even accountants are now investing heavily in software and technology to outsource basic auditing and filing / tagging. I guess one can either fight the irresistable winds of change or find a new way to work your market or find a new one.
Having worked in Private Equity backed software houses from start-ups to listed businesses over the last 10 years it is so noticeable that eh rise of SaaS software and other platforms aimed at cutting out the middle-man or broker would have happened despite the recession - and arguably at a greater rate if the recession had not hit.
The explosion in social-based business applications over the last decade shows in my opinion that the internet has changed everything. From price, to value to implementation, everyone is now a consumer - and those consuer-driven expectations are now driving change in the way we do business.
I know it's not pleasant when the business an individual works in suffers from disruptive innovation -I was a money broker 10 years ago and could see what was happening - the world was beocming one of standardisation and unification - meaning the days of the expert broker was coming to an end.
Holidays - 2000 - travel agent in the high street.
2012 - expedia, last minute.com
Mortgages - 2000 - broker
2012 - choose any one of dozens of platforms
Personal banking, buying a car - all these different ways of sourcing a product are now exposed and laid bare on the internet.
It may not be to everyones liking but the social darwninism effect being seen in so many markets was coming regardless of the recession - value, cost and how easy you are to buy from is how you are judged today.
Even accountants are now investing heavily in software and technology to outsource basic auditing and filing / tagging. I guess one can either fight the irresistable winds of change or find a new way to work your market or find a new one.
severnside gull
Well-known member
Certainly a more accurate statement than the original post.
Not sure when somebody's forecast became "actual/official" as by definition it is a pre-cursor to an event which may or may not actually occur. I am sure there will be other "forecasts" thast will be less suited to those who delight in doom and gloom and we will doubtless be made aware of various versions of the reality in due course. Still, at least it is something for those who want an excuse to reduce our credit rating to hang their hat on
GoldWithFalmer
Seaweed! Seaweed!
If you,the government,the finance people had of said-that's it it's over-UK OFFICIALLY OUT OF RECESSION , then i think an awful lot of sheep may have believed,they would have spread the word,others would think yes i will invest,spend and talk and act in a positive manner-
That would kick start the recovery,people would be up beat-tell a few white lies and the people will believe......ps going back to sleep now from my dream state..
The OECD have consistently been wrong with their predictions on the UK economy. They predicted Q3 growth for 2011 would be 0.1%, it was 0.5%. They predicted a contraction of 0.03% in Q4 last year, it was 0.3%. They predicted growth for the whole of last year of 1.7% (later revised down to 1.3%), it was 0.7%. To say they know what they're talking about is stretching credibility more than a little.
Cadiz Seagull
Grey bearded old man
This blind focus on growth is baloney.
Let's say that every UK company slashed their prices by 50% then we would have massive growth.
But virtually none of the companies would make a profit and without profit a company collapses.
What help is growth then?
Companies all over the world make the same mistake, they chase after growth when what they should be doing is to chase after profits.
There are only three things you can do to increase profits - sell more stuff, cut your costs or get better prices.
And the most effective of these three is to get better prices, certainly NOT to sell more.
Up to a couple of years ago I ran seminars on this very subject for big companies all over the world.
Let's say that every UK company slashed their prices by 50% then we would have massive growth.
But virtually none of the companies would make a profit and without profit a company collapses.
What help is growth then?
Companies all over the world make the same mistake, they chase after growth when what they should be doing is to chase after profits.
There are only three things you can do to increase profits - sell more stuff, cut your costs or get better prices.
And the most effective of these three is to get better prices, certainly NOT to sell more.
Up to a couple of years ago I ran seminars on this very subject for big companies all over the world.
Digweeds Trousers
New member
That is a critical point in this argument i think. If you have the time or the inclination look at the financial reports of the some of the major retailers that have gone under in recent times - and discount the ones that were financially crippled before the recession.
Blacks Leisure is a case in point - from 2003-07 their revenue tripled - or something very close to that. They were driving increased footfall, shifting more items than in previous financial years - but the key was that they were fundamentally selling £10 notes for £5.
Top line revenue up - profitability through the floor with increasing coast base. It's inevitable that the end comes in that type of business model.
Woodingdeanseagulls
New member
- Jan 4, 2012
- 10
More than 50% of the UK's total trade is done with the European Union. That's equivalent to 5%-6% of British GDP.
So a deep recession in the rest of the EU will be having a direct hit to the demand for goods and services in the UK.
I'm not saying this is an excuse for slow growth compared to US (even though both economies are completely different), but the US is not as exposed to the economic Eurozone as we are.
So a deep recession in the rest of the EU will be having a direct hit to the demand for goods and services in the UK.
I'm not saying this is an excuse for slow growth compared to US (even though both economies are completely different), but the US is not as exposed to the economic Eurozone as we are.
