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[Jay w]

given what has been written here regarding the economy does anyone want to predict what will happen in the short/med term with interest rates and inflation?

[Nickbat]

given what has been written here regarding the economy does anyone want to predict what will happen in the short/med term with interest rates and inflation?

My own view is that interest rates will go down, possibly quite sharply, in an effort to get the system running again. I note that the Australian Reserve Bank has today implemented its biggest cut since 1992.

On inflation, its hard to call. There will be some upward pressure, but the oil price is down to the $85 mark at the moment. High Street retailers (and possibly supermarkets) are feeling the pinch and may want to reduce prices (and margins) to attract more custom. Raising prices when people are not spending can be counter-productive.

Additionally, wage pressure will not amount to much as people would rather want to hold on to their jobs, than push for increased wages. I note that Aer Lingus has laid off workers and imposed a wage freeze until end-2009. The union wants to take industrial action, but workers may well see the idiocy of such a move as it could result in even bigger lay-offs, if not something worse.

Mind you, common sense is a rare commodity these days.  

  

[Martin_1962]

I was having a dig over road tax and the 100% rise.

[Banjax]

Banjaxx, quite interested in politics.

Different political views to me but agree on a lot - mainly Labour must go.

I reckon in England Conservatives will landslide, Labour second, LibDem will pick up Labour seats where Conservatives are weak.

In Scotland SNP will landslide and Banjaxx will tell me who will come second and third.

well, i doubt SNP will landslide - don't underestimate Scottish voters backing labour to prevent the Tories getting in!!!

I would say SNP edge it based on their record in power, Labour a close second, then the LibDems 3rd.......the Tories as usual will scrap it out with the greens and "others" a distant 4th

but don't underestimate Labour in Scotland - Gordon brown knows he can't win an election without winning Scotland - so I reckon they'll go all out to get us lot back on board - it'll be closer than you thionk - certainly not a landslide for the SNP

[Jay w]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

[Banjax]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

[Kevin Wood]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

Even when it was he who steered us into it?

I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.

Kevin

[Banjax]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

Even when it was he who steered us into it?

I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.

Kevin

i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example  

[Jay w]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

Even when it was he who steered us into it?

I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.

Kevin

i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example  

Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.

Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......

Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up  

[Banjax]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

Even when it was he who steered us into it?

I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.

Kevin

i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example  

Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.

Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......

Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up  

seems plausible now you think about it!!

[Kevin Wood]

the biggest issues is getting the bugger to call an election........

he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10

actually he's quite trim - plays a lot of tennis  

i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster

Even when it was he who steered us into it?

I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.

Kevin

i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example  

Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.

Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......

Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up  

seems plausible now you think about it!!

Yes.. and what makes it all the more ironic is that Gordon was still prattling on about having brought and end to "boom and bust".

Kevin

[Martin_1962]

I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.

[Mr Skrunts]

I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.

Coz they are nosey and think that we are all dodgy and up to something secretive, unlike them.  :-/

[Martin_1962]

I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.

Coz they are nosey and think that we are all dodgy and up to something secretive, unlike them.  :-/

This alone is enough to demand the sacking of the current government, anyone who thinks it is fine to deny kit for our troops while spending it on this needs to be shot!