UK economy in recession, again, just after we got out of one

[KhornateMonkey]

The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said. [Read More]

[JDC]

Are recessions trending again or is it just me?

[EliteTerm]

I honestly think we never got out of the Great Recession in the first place.

[ElMartu]

The UK and Europe in general is still doing better than many other countries in the world, recession or not.

[SafetyMoose]

Europe as a whole is going through a rough patch. Frankly, every country is having issues so its not really a big deal :P

[JDC]

We did get out of the Great Recession; at least the politicians and the rich did. :razz:

[Mikal]

Recession doesn't really affect me, apart from the fact it's so hard to find a job.  :razz:

[EliteTerm]

Europe as a whole is going through a rough patch. Frankly, every country is having issues so its not really a big deal :P

Either that's true that it's not really a "big deal", or we're not getting the truth on what's actually happening to the economy. From what I've heard, Spain is spiraling out of control following Greece (Greece got bailed out, but Spain is too large to be bailed out).

The United States is on the highway to hell at nearly $16 TRILLIONS in debt, pretty much the entire debt of the European Union. Politicians, bankers, Government Officials are pretending it's not a problem as long as they continue to take advantage of it and just prints so much money it will eventually crash the economy.

It is inevitable. The question is, when?

[Pandalink]

Hey guys in spain, so how is that european currency going for you?


More on topic, my jaw literally dropped when that twit Miliband tried to pin the blame on the incumbent government in the commons debate, when it's quite clear to everyone that labour's vast overspending both through recession and boom have severely worsened the national debt. That said, probably the only thing Brown did do right (and it's a fairly big thing) is not sell us out to the euro. Jesus christ, can you imagine the absolute shit we'd be in right now if we'd gone for that?
Also, we'd have to deal with a lot more rubbish when the euro fails than we will with the pound, an event which is actually going to occur a lot sooner than I'd originally thought, if I'm being honest.

[Mikal]

Hey guys in spain, so how is that european currency going for you?


More on topic, my jaw literally dropped when that twit Miliband tried to pin the blame on the incumbent government in the commons debate, when it's quite clear to everyone that labour's vast overspending both through recession and boom have severely worsened the national debt. That said, probably the only thing Brown did do right (and it's a fairly big thing) is not sell us out to the euro. Jesus christ, can you imagine the absolute shit we'd be in right now if we'd gone for that?
Also, we'd have to deal with a lot more rubbish when the euro fails than we will with the pound, an event which is actually going to occur a lot sooner than I'd originally thought, if I'm being honest.

Labours better than the current party, they don't rob everyones money. :razz:

[SafetyMoose]

Either that's true that it's not really a "big deal", or we're not getting the truth on what's actually happening to the economy. From what I've heard, Spain is spiraling out of control following Greece (Greece got bailed out, but Spain is too large to be bailed out).

The United States is on the highway to hell at nearly $16 TRILLIONS in debt, pretty much the entire debt of the European Union. Politicians, bankers, Government Officials are pretending it's not a problem as long as they continue to take advantage of it and just prints so much money it will eventually crash the economy.

It is inevitable. The question is, when?

Thank god for Canadian Bank Regulation :roll:

[KhornateMonkey]

Labours better than the current party.

Ha.

[Pandalink]

Labours better than the current party, they don't rob everyones money. :razz:

No, they don't take as much of your money, but they still spend more than the tories.

Funny that.

[[WS]Jacob]

Exchanges rates are bad, the euro is bad, the economy is bad. Everything is bad.

[Lionel Valdes]

luckily this shits won't hit north Africa