Will we go into Depression ?

[signs]

If so how long until the Government say we officially are ? what will happen ,mass unemployment ? health care shot ?

whats the likelihood ?

[Kieron]

Signwriters will be alright. "For Sale" boards, "To Let" boards, "Closing Down Sale" boards

[Earthworm Jim]

Originally Posted by Kieron

Signwriters will be alright. "For Sale" boards, "To Let" boards, "Closing Down Sale" boards

Classic!!

[signs]

Originally Posted by Kieron

Signwriters will be alright. "For Sale" boards, "To Let" boards, "Closing Down Sale" boards

Good one "Saint" Kieron

[FZR400RRSP]

Originally Posted by signs

,mass unemployment ? health care shot ?

Er, aren't we already there?

[Decadence]

I think we're a bit screwed too, mass unemployment and the Government is still not shedding jobs in wasteful and unecessary areas. No way the taxpayer can support it all, we're doomed. Buy shares in Heinz, Campbells or Baxters while you can, the soup kitchens will be overrun.

[WillieCocker]

Over here, unemployment was 350k people last month.
My job is still safe and even i'm depressed.

[Bill Hicks]

Having Gordon Brown as a leader is enough to make anyone feel depressed!
Still he did manage a grimace or two yesterday when in the company of Jesus Ch, er sorry Barrack Obama!

[inzaman]

Originally Posted by Decadence

I think we're a bit screwed too, mass unemployment and the Government is still not shedding jobs in wasteful and unecessary areas. No way the taxpayer can support it all, we're doomed.

Tell me about it, luckily our local council is not 'run' by Labour. It looks like our council tax will get an increase of 3.25% which includes a 1% reduction in salaries yet Labour wanted additional increases over and above the 3.25% and stated 'the proposed budget would put too many jobs at risk'.
You couldnt make it up could you, increase taxes even higher in the current climate to save public sector workers

I too think we are staring into the abyss - hopefully i am wrong but everyone i know mentions that there company is making redundancies

[eric pisch]

Originally Posted by inzaman

Tell me about it, luckily our local council is not 'run' by Labour. It looks like our council tax will get an increase of 3.25% which includes a 1% reduction in salaries yet Labour wanted additional increases over and above the 3.25% and stated 'the proposed budget would put too many jobs at risk'.
You couldnt make it up could you, increase taxes even higher in the current climate to save public sector workers

I too think we are staring into the abyss - hopefully i am wrong but everyone i know mentions that there company is making redundancies

i live in a very wealthy tory borough and we are getting a 5% rise again (labore dont even stand in local elections)

things are going to get alot worse, at least another 12 months of bad news

when it becomes a depression I dont know there does not seam to be a standard definition for it, at 4 mill out of work after last time labore where in power it was stiff only classed as a recession

one of the worst things labore have done apart from borrowing like theres no tomorrow (again) is the increase in NI to recover the pointless vat reduction we have. Taxing companies for employing people is the daftest policy ever created....

[shilv]

I seem to remember hearing that it is classed as a depression if GDP falls by 10%(ish) in a year.

I think it may have only dropped by 5% (so far...)

[FZR400RRSP]

'Someone' (bank/building society/consumer body) today reported a 17% rise in consumer confidence for February.

[Jenn]

Originally Posted by bowfer

'Someone' (bank/building society/consumer body) today reported a 17% rise in consumer confidence for February.

Who felt more confident in Feb???

[jassco]

Originally Posted by bowfer

'Someone' (bank/building society/consumer body) today reported a 17% rise in consumer confidence for February.

how's that measured though? did people go from being in 'complete despair' to 'almost-complete despair'?

[JagoPlasma]

McDonalds?