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The worsening state of the UK economy

So what is the current state of the UK economy? Well, the current economic statistics do not look promising:

At the same time, the so-called Global Alliance on the credit crunch that our Prime Minister has been advocating is slowly unravelling, as we saw from President Sarkozy's remarks yesterday.

Regardless of people's disdain for their actions, banks remain at the centre of any recovery plan for the UK economy.

With news that they have taken £185 billion of taxpayers money, it is time that they reciprocated by getting money to flow to the business community again.

At the very least, they should stop their practice, which is still prevalent across many sectors, of withdrawing loans and overdrafts without any rationale or warning, sending more viable companies, and tens of thousands of jobs, down the pan.

Comments

Anonymous said…
an absolute mess...the sooner we have a general election, the better
February 07, 2009 4:32 pm
Anonymous said…
The sooner we have an Assembly sort out too.
February 07, 2009 7:14 pm
JOLLY ROGER said…
HOW DO YOU DO... THE ECONOMY

Spending culture

The continuing game theory culture of prediction, of desire, will and wants are still shitdiculous. The common individual can live roughly a 30,000%* percent more sustainable lifestyle if he didn't drink so much sugar coated shit and instead got his food from the ground rather than the mish-mash-mush machine.

Fix stuff, open it up and poke, get a screwdriver and some chuddy and really fix that fucker. Buying summat because it's the slightly better one that you’ve already got, with a new light on it, n one of the buttons is over there is so earnest in conformity. But that wouldn't keep the cogs of industry going, noo that wouldn't make economies grow and grow exponentially till they need to invent consumers and economies and solar systems to keep its expanding waistline from an earth saturating numerical shower. You ever been impaled by a two?

* figure based on data published somewhere by someone about something

...more at lifestyleguides.blogspot.com
February 09, 2009 12:25 pm
Progressive Comment said…
Prof Jones-Evans, I agree with your calls in your post on getting credit flowing and stopping the withdrawal of loans and overdrafts without warning.

How do you think the banks could be made to carry out the steps you suggest? Would you support Government departments issuing orders to the banks? Is this possible?
February 09, 2009 10:49 pm
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