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Britain is experiencing ´worse
slump than during Great Depression´

Telegraph [UK], by Rowena Mason

Original Article

Posted By:JoniTx, 1/25/2013 10:39:54 AM

Ministers today admitted Britain is facing "very, very grave difficulties" after figures showed the economy did not grow at all in 2012. Both George Osborne, the Chancellor, and Danny Alexander, the Chief Secretary to the Treasury, said they do not underestimate the scale of the challenge but insisted the Goverment is on a "path of repairing our public finances". Despite their optimism, City analysts warned that the economy is still "in crisis", more than four years after the financial crash of autumn 2008. Economists from the Royal Bank of Scotland said the last four years have produced the worst

      


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Reply 1 - Posted by: Jethro bo, 1/25/2013 10:47:44 AM     (No. 9138556)

Greece, Spain and now the UK have run out of other people´s money.

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Reply 2 - Posted by: Ribicon, 1/25/2013 10:54:14 AM     (No. 9138576)

Take a lesson from the Americans: Print some money, hand it under the table to the salivating mainstream media; problem solved.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: snowoutlaw, 1/25/2013 10:54:59 AM     (No. 9138582)

Maybe some smart Economist will figure out why all the countries in the EU are facing "very, very grave difficulties"? What do they all have in common? I know I´m dreaming, there are no smart Economists.

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Reply 4 - Posted by: M2, 1/25/2013 11:02:18 AM     (No. 9138609)

Not to be simplistic, but did it occur to any of these countries to stop paying money from producers to non-producers and to stop giving 3-month leaves of absense for every worker in their country? Did it occur to them that immigrants who go on welfare are breaking their bank? Or even non-immigrant workers?

America had better take heed because this is exactly where we are headed unless we stop the redistribution of wealth.

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Reply 5 - Posted by: Rafter, 1/25/2013 12:14:59 PM     (No. 9138806)

Tax and spend and state-controlled health care could solve all this.

Right?

Sure...

Jes´ axe Obie WON Kenya-Obie ´bout dat now...

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Reply 6 - Posted by: globalwarmer, 1/25/2013 12:27:20 PM     (No. 9138838)

Just not enough socialism, that´s all.

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Reply 7 - Posted by: stablemoney, 1/25/2013 3:09:00 PM     (No. 9139168)

Socialism has brought prosperity to GB, France, Greece, Spain, Italy, Soviet Union, China, Venezuela, Cuba. The U.S. follows and soon we will all be equally prosperous.

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Reply 8 - Posted by: provide, 1/25/2013 5:52:34 PM     (No. 9139452)

Wait until you get those new Eastern Europeans taking up the dole.

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B-G1


 
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R_DBL_B
  


 
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