johnny the fox Posted 22 February 2013 Posted 22 February 2013 The credit rating agency finally tells us what we already know , our economy is shite and its going to get worse..well done George..
MooseBreath Posted 22 February 2013 Posted 22 February 2013 Their forecasts are pointless, so it doesn't really mean anything. Economy is not great, but at least it's not the catostrophy we were heading for under Labour.
Harry - LCFC Posted 22 February 2013 Posted 22 February 2013 Their forecasts are pointless, so it doesn't really mean anything. Economy is not great, but at least it's not the catostrophy we were heading for under Labour. I think it means we have to start paying higher interest on our debt i,e. interest has to go up in order to get people to buy government bonds and lend money as a lower credit rating means we're seen as less reliable. I agree that their ratings are bullsh*t but it does have an impact. George might want to enforce more austerity now that our debt is going to be harder to service.
johnny the fox Posted 22 February 2013 Author Posted 22 February 2013 Their forecasts are pointless, so it doesn't really mean anything. Economy is not great, but at least it's not the catostrophy we were heading for under Labour. really? we shall see..
Tielemans63 Posted 22 February 2013 Posted 22 February 2013 I think it means we have to start paying higher interest on our debt i,e. interest has to go up in order to get people to buy government bonds and lend money as a lower credit rating means we're seen as less reliable. I agree that their ratings are bullsh*t but it does have an impact. George might want to enforce more austerity now that our debt is going to be harder to service. More or less exactly what I was going to say. You might not think much to them and their decisions but this will certainly have an impact and I'm sure us mere minions will feel a difference in a year's time even if it's not as apocalyptic as some media organizations are making out.
Rincewind Posted 22 February 2013 Posted 22 February 2013 It means that the gap between rich and poor will grow wider but some may say if you are not poor why give a shit.
MooseBreath Posted 22 February 2013 Posted 22 February 2013 It means that the gap between rich and poor will grow wider but if you are not poor why give a shit. Great analysis. Please, tell us more.
Jon the Hat Posted 22 February 2013 Posted 22 February 2013 It means that the gap between rich and poor will grow wider but if you are not poor why give a shit. Oh **** off.
The Doctor Posted 22 February 2013 Posted 22 February 2013 Right, odds on who Osborne will blame: Benefit scroungers 1/5 Labour 2/7 The royals 2/1 Wellens 10/3 Snow 5/1 The EU 6/1 The Welsh 12/1
MooseBreath Posted 22 February 2013 Posted 22 February 2013 Right, odds on who Osborne will blame: Labour 2/7 The royals 2/1 Snow 5/1 The EU 6/1 Wellens 10/3 The Welsh 12/1 You've put Wellens in the wrong place there old chap.
Rincewind Posted 22 February 2013 Posted 22 February 2013 I don't think I'd make the Royals second favourites.
The Doctor Posted 22 February 2013 Posted 22 February 2013 I don't think I'd make the Royals second favourites. He's blamed them before - blamed the jubilee holiday for work closures slowing growth.
Libertine Dream Posted 22 February 2013 Posted 22 February 2013 The downgrade hasn't had too much effect on France so far and they were given a negative outlook as well. In truth you can afford to go down one notch and remember this is only one of the ratings agencies, the agency that upgraded Iceland to AAA just months before it collapsed. However it's a prized asset gone and one which Osbourne used to justify the austerity measures, the fact it's gone leaves him with very little to stand on. Whilst it was criminal to run at a deficit like Labour did during such a boom period, it wasn't as big as this government tried to make out and his austerity measures haven't improved the situation really. The scale of this worldwide recession makes it difficult but none of the parties have a clue when it comes to economic policy, that date for the 'squeeze' to last to just keeps getting out back and put back. He really has to hope we get some growth this quarter or it has to be bye bye Osbourne
Zingari Posted 22 February 2013 Posted 22 February 2013 The downgrade hasn't had too much effect on France so far and they were given a negative outlook as well. In truth you can afford to go down one notch and remember this is only one of the ratings agencies, the agency that upgraded Iceland to AAA just months before it collapsed. However it's a prized asset gone and one which Osbourne used to justify the austerity measures, the fact it's gone leaves him with very little to stand on. Whilst it was criminal to run at a deficit like Labour did during such a boom period, it wasn't as big as this government tried to make out and his austerity measures haven't improved the situation really. The scale of this worldwide recession makes it difficult but none of the parties have a clue when it comes to economic policy, that date for the 'squeeze' to last to just keeps getting out back and put back. He really has to hope we get some growth this quarter or it has to be bye bye Osbourne That's all anyone needs to know .
Charl91 Posted 22 February 2013 Posted 22 February 2013 It means that the gap between rich and poor will grow wider but some may say if you are not poor why give a shit. Source?
johnny the fox Posted 22 February 2013 Author Posted 22 February 2013 Right, odds on who Osborne will blame: Labour 2/7 The royals 2/1 Wellens 10/3 Snow 5/1 The EU 6/1 The Welsh 12/1 no place for benefit scroungers ? if this bloke bets red be sure to put your money on black.. he has yet to get one forecast anywhere near right yet.. personally I blame Irish..
FoxyPV Posted 22 February 2013 Posted 22 February 2013 The definition of insanity is doing the same thing repeatedly and expecting different results. Pity Gideon didn't pay heed to this.
FoxyPV Posted 22 February 2013 Posted 22 February 2013 no place for benefit scroungers ? if this bloke bets red be sure to put your money on black.. he has yet to get one forecast anywhere near right yet.. personally I blame Irish.. Woah woah woah we've ****ed ourselves up rightly, and no one else. Thank you very much
Rincewind Posted 22 February 2013 Posted 22 February 2013 He's blamed them before - blamed the jubilee holiday for work closures slowing growth. In the last 3 years 3.7 million have been made redundant
Charl91 Posted 22 February 2013 Posted 22 February 2013 In the last 3 years 3.7 million have been made redundant How many people have been given jobs?
MooseBreath Posted 22 February 2013 Posted 22 February 2013 Unemployment is still falling, the number of people employed has never been higher.
Jon the Hat Posted 22 February 2013 Posted 22 February 2013 Source? The chip on his shoulder told him.
Jon the Hat Posted 22 February 2013 Posted 22 February 2013 Unemployment is still falling, the number of people employed has never been higher. Don't come on here with your facts!
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