| Austerity 19:59 - Dec 20 with 7533 views | rockin |
As I told you the last time I posted, about a year ago that we'd be growing fast and doing better than most.
Well I was wrong, we're the fastest growing developed economy and socialist france is going down the toilet.
I remember people laughing when I said we'd grow over 1% - we're on track to grow over 2% .
All indicators in right direction, sadly all welsh public services down pan due to labour welsh assembly incompetence.
But that'll never change, I realise that.
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| Austerity on 20:14 - Dec 20 with 3434 views | exiledclaseboy |
Still a very fragile recovery with the cost of living rising and wages flatlining people still have (or at least feel they have) no money to spend on "luxuries".
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| Austerity on 20:20 - Dec 20 with 3425 views | rockin |
Absolutely and too dependent on consumption as the trade figures have proven, however I do believe strongly we've got the right balance on fiscal policy.
It's a long road ahead and in a few years everyone will benefit I'm certain.
I think the problem for both right/left in recent decades has been short-termism. We must move away from this and towards a model that is built on long-term 'investment.'
That what saddens me in the debate today even now we still talk in short-termist language when we should be looking fundamentally at the role of the State and how we 'earn our way' in the World.
I do believe though for that to truly happen we need to run budget surpluses. If labour want to maintain a high spending economy, they have to tax higher and the tories must only reduce taxes when it is possible.
This has been a problem for decades and why Germany moves ahead. | | | |
| Austerity on 20:26 - Dec 20 with 3409 views | Swanzay |
Is the cost of living going up though or is just Tesco and the other main supermarkets raising their prices for profit?
EG 4 pint of Milk in Tesco £1.39 Aldi £1
Cornish Butter (exact brand) £1.40 tesco Aldi £1.15
Warburtons Crumpets Tesco 99p Aldi 69p
Large free range eggs (British) Tesco £1.50 Aldi £1.15
I hardly buy anything in Tesco any more, Aldi Sirloin steaks are also superb value at £3,49 8oz,and free ange Pork joints.
Tesco price promise is the biggest load of bollux too! |  | | |
| Austerity on 20:29 - Dec 20 with 3401 views | JackSwanTV |
Measuring GDP to decide whether a country is in a good state or not is pretty simplistic.
Fact is that a 'recession' caused by the richest in our society, benefited the richest in our society. The poorer are far poorer, cost of living versus income has seen massive changes.
You cannot simply say that our GDP is growing faster than France and therefore we are right, GDP doesn't take into account people, it simply takes into account money. And not who has it? If the top 5% of the country earn an extra 1% and the bottom 5% lose and extra 1% then the GDP will go up, a lot. Don't make it a better country |  |
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| Austerity on 20:32 - Dec 20 with 3395 views | rockin |
France has unemployment levels above 11% and this is structural i.e. it won't shift in a boom.
As I've highlighted we have many issues that need to be tackled over longer term.
The record number of apprenticeships is important. The obsession with 'Uni' has been a big problem for this Country. | | | |
| Austerity on 20:34 - Dec 20 with 3391 views | Swanzay |
| Austerity on 20:20 - Dec 20 by rockin |
Absolutely and too dependent on consumption as the trade figures have proven, however I do believe strongly we've got the right balance on fiscal policy.
It's a long road ahead and in a few years everyone will benefit I'm certain.
I think the problem for both right/left in recent decades has been short-termism. We must move away from this and towards a model that is built on long-term 'investment.'
That what saddens me in the debate today even now we still talk in short-termist language when we should be looking fundamentally at the role of the State and how we 'earn our way' in the World.
I do believe though for that to truly happen we need to run budget surpluses. If labour want to maintain a high spending economy, they have to tax higher and the tories must only reduce taxes when it is possible.
This has been a problem for decades and why Germany moves ahead. |
We should learn from Germans economy, we are years behind! | | | |
| Austerity on 20:36 - Dec 20 with 3387 views | rockin |
No we're not - it wasn't long ago Germany was considered the 'sick man of Europe' but it made some big structural reforms while we binged on a consumer boom.
If we can shift mindset I think we can become stronger than them within 10 years. | | | |
| Austerity on 20:42 - Dec 20 with 3380 views | JackSwanTV |
We need a massive shake up. Inequality in this country is insane, you only have to look at the cabinet to see that. We need to target 'wealth' and not just income. We are f"cked basically haha, I don't know how I have bitten this subject, I have no faith that we will ever have any type of fair country. I gave up long ago. | |
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| Austerity on 20:43 - Dec 20 with 3377 views | rockin |
Believe it or not since this Gov has been in the rich, poor gap has reduced.
Fact. | | | |
| Austerity on 20:43 - Dec 20 with 3374 views | Swanzay |
| Austerity on 20:36 - Dec 20 by rockin |
No we're not - it wasn't long ago Germany was considered the 'sick man of Europe' but it made some big structural reforms while we binged on a consumer boom.
If we can shift mindset I think we can become stronger than them within 10 years. |
Bolux they still have manufacturing, ours is ebbing away fast and is becoming customer service lead in the main.
We cant even build our on power stations or trains, according to the Govt without Chinese French help, what a joke! | | | |
| Austerity on 20:44 - Dec 20 with 3374 views | Dr_Winston |
| Austerity on 20:42 - Dec 20 by JackSwanTV |
We need a massive shake up. Inequality in this country is insane, you only have to look at the cabinet to see that. We need to target 'wealth' and not just income. We are f"cked basically haha, I don't know how I have bitten this subject, I have no faith that we will ever have any type of fair country. I gave up long ago. |
You could look at the last Labour cabinet for much the same effect.
The only way to create "equality" is to make it as easy as possible for those at the lowest levels of society to rise to the top if they want to. |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Austerity on 20:47 - Dec 20 with 3369 views | rockin |
Simply not true, this is a myth - manufacturing is lower as a % of GDP in France.
People don't quite realise how big our manufacturing sector is.
The reason it doesn't feel that way is because our service sector has grown so fast over last 20 years. | | | |
| Austerity on 20:49 - Dec 20 with 3366 views | dgt73 |
| Austerity on 20:47 - Dec 20 by rockin |
Simply not true, this is a myth - manufacturing is lower as a % of GDP in France.
People don't quite realise how big our manufacturing sector is.
The reason it doesn't feel that way is because our service sector has grown so fast over last 20 years. |
Are you on drugs. |  |
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| Austerity on 20:50 - Dec 20 with 3362 views | rockin |
I know I get pilloried for it on here (enemy of my class or whatever) but we need to be more focused on boosting private capital in South Wales, that's our problem. I don't mean to slight people in the public sector, many of my friends and family work in the public sector and they play a valuable part in our economy but we do need to have more emphasis on enterprise and wealth creation. That's why we're consistently below the rest of the UK. | | | |
| Austerity on 20:50 - Dec 20 with 3361 views | rockin |
Prove me wrong then | | | |
| Austerity on 20:50 - Dec 20 with 3360 views | JackSwanTV |
| Austerity on 20:44 - Dec 20 by Dr_Winston |
You could look at the last Labour cabinet for much the same effect.
The only way to create "equality" is to make it as easy as possible for those at the lowest levels of society to rise to the top if they want to. |
Bang on mate.
Would love to see evidence of the rich/poor divide closing please :) | |
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| Austerity on 21:09 - Dec 20 with 3338 views | max936 |
| Austerity on 20:47 - Dec 20 by rockin |
Simply not true, this is a myth - manufacturing is lower as a % of GDP in France.
People don't quite realise how big our manufacturing sector is.
The reason it doesn't feel that way is because our service sector has grown so fast over last 20 years. |
Well Tata Steel is still on its knees and are making massive cuts in the first few months of the new year, that means its customer base must also be suffering a down turn, but yep manufacturing is booming 
Only thing that's booming is call centre's. |  |
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| Austerity on 21:11 - Dec 20 with 3329 views | Dr_Winston |
| Austerity on 21:09 - Dec 20 by max936 |
Well Tata Steel is still on its knees and are making massive cuts in the first few months of the new year, that means its customer base must also be suffering a down turn, but yep manufacturing is booming
Only thing that's booming is call centre's. |
Not all manufacturing is heavy industry. | |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
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| Austerity on 21:14 - Dec 20 with 3321 views | JackSwanTV |
| Austerity on 21:11 - Dec 20 by Dr_Winston |
Not all manufacturing is heavy industry. |
We manufacture weapons, sell them to dodgy countries, go to war with them, force another leadership onto them and then sell them new weapons. Oh and we also manufacture medicines, which we sell to the Red Cross and what not who go out to the countries we bomb. | |
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| Austerity on 21:15 - Dec 20 with 3319 views | Swanzay |
Myth? Just look at 3M in Gorseinon, used to employ 1000s, my dad was there for over 25 years as an engineer, what is it now, just a giant empty space.
May I add Fords Fabian Way to that! [Post edited 20 Dec 2013 21:17]
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| Austerity on 21:17 - Dec 20 with 3312 views | rockin |
The problem is understandably I suppose we look at things in silos, across UK there are many success stories.
The worst thing to ever happen to Wales was the WAG, but we can't go back now. | | | |
| Austerity on 21:20 - Dec 20 with 3305 views | Swanzay |
Our current economy is only going to get worse, over the next few years. Low payed jobs, 0 hour contracts have been defended, no doubt will impact heavily on life in South Wales. | | | |
| Austerity on 21:22 - Dec 20 with 3297 views | rockin |
Pessimism - eek | | | |
| Austerity on 21:23 - Dec 20 with 3294 views | Swanzay |
No just being realistic! | | | |
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