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economic situation is dire


ianrobo1

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Anyone else taken proactive steps incase the worst happens to them?

Yes, In April i'm moving to the Middle East for the next five to ten years. Hopefully after that my own country will be in some sort of order and if not I'll be joining Mr Rogers in NZ.

Coward.

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Anyone else taken proactive steps incase the worst happens to them?

Yes, In April i'm moving to the Middle East for the next five to ten years. Hopefully after that my own country will be in some sort of order and if not I'll be joining Mr Rogers in NZ.

Coward.

Really? Maybe wanting to have a family in a safe environment is actually sensible and not cowardice, however I'll be in London soon so feel free to PM me if you'd like to discuss this in person. Or are you another very brave internet warrior Clarry?

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Anyone else taken proactive steps incase the worst happens to them?

Yes, In April i'm moving to the Middle East for the next five to ten years. Hopefully after that my own country will be in some sort of order and if not I'll be joining Mr Rogers in NZ.

Coward.

Really? Maybe wanting to have a family in a safe environment is actually sensible and not cowardice, however I'll be in London soon so feel free to PM me if you'd like to discuss this in person. Or are you another very brave internet warrior Clarry?

I'm not a warrior, so any threats of violence are met with a shrug and turn the other cheek.

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Spain now in recession - BBC

UK , USA, Japan and many others

Canada set for stimulus spending - BBC

Global job losses massive - BBC

New Zealand still in recession Bloomberg

Australia goes for fiscal stimulus - Gurdinad

Sweden in recession - Guardinad

Finland announce financial stimulus package - Finnish story

Germany announces financial stimulus - Story

etc etc etc

Anyone see the politics show earlier when Robinson agreed that Cameron was playing the personality politics? Maybe doing nothing is NOT the way that the rest of the world sees out of this world mess?

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less and less regulation only breeds complancey and contempt

Indeed. Who removed the perfectly fine regulatory powers from the BoE, created the FSA and then refused to give it any teeth? Answers on a P45 to clueless of Downing Street please..

To answer this and Snowy, simply the over riding ethos of the city was less and less regulations, things were fine, things appeared under control so all governments did it, us and the US to greater extent

the free marketers demanded the light touch, they got it and abused it, 70 years ago lessons were leanrt but then forgotton, probably the same will happen again

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Spain now in recession - BBC

UK , USA, Japan and many others

Canada set for stimulus spending - BBC

Global job losses massive - BBC

New Zealand still in recession Bloomberg

Australia goes for fiscal stimulus - Gurdinad

Sweden in recession - Guardinad

Finland announce financial stimulus package - Finnish story

Germany announces financial stimulus - Story

etc etc etc

just curious but how many of them see cutting VAT as the solution to their problems ?

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Tony - no one has ever said that cutting VAT will cure all of the problems - you are just being silly now and playing the same games that even Robinson admitted people were getting fed up with

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I didn't threaten you with violence Clarry. I think our opinion of each other is mutual but a coward I am not.

Edit: :) nevermind

My apologies. I have a problem with ex-pats slagging the place off. My Dad included.

I know someone who worked in Oman a while back, by the way. Thought it was brilliant. And of course an easy hub to visit Africa, India etc.

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and just for Tony it seems that the shadow shadow chancellor, Ken Clarke has been questioning the wisdom of Cameron and Osborne and their ideas

Torygraph

Ken Clarke questions David Cameron's social and economic policies

Ken Clarke questioned David Cameron's social and economic policies as recently as last month and predicted a Tory government will have to cut spending and rise taxes after the next election.

By James Kirkup, Political Correspondent

Last Updated: 5:31PM GMT 27 Jan 2009

Mr Clarke, the new shadow business secretary, described Tory pledges to boost marriage through the tax system as "social engineering" and said politicians had no business trying to influence individuals' choices over marriage.

He also appeared to suggest that VAT should be increased in future years to give consumers an incentive to spend more now.

The report of Mr Clarke's comments to a university seminar last month underlined Mr Cameron's gamble in bringing the former chancellor back to the Tory frontbench. On Sunday, Mr Clarke publicly differed with his leader's warning that the British could need an IMF bailout.

Some senior Tories opposed the return of Mr Clarke, fearing that his plain speaking could embarrass the party, and Labour seized on the latest reports of his recent comments.

Mr Clarke's remarks were made at a Nottingham University seminar last month, details of which were published on Tuesday by Public Service, an online newsletter. Mr Cameron has repeatedly promised to restore a financial benefit for married couples, but Mr Clarke dismissed the plan.

"I really don't think it's anything to do with politicians whether you [get married] and most of the younger people I know don't seem very keen on it," he said.

"My view of Conservatism is that it's not for us to tell you [what to do through] the tax system - my wife didn't put up with me because I was getting £150 by way of tax allowance. This is social engineering, for God's sake, and when I joined the party we weren't in favour of it."

Mr Clarke also risked controversy with comments on the economy.

The shadow business secretary is widely considered to have supported Gordon Brown's VAT cut to boost the economy.

In fact, he told the seminar that he thought a future VAT increase would have been more effective in persuading consumers to bring forward major purchases.

He said: "The sale of big ticket items only comes if the policy works and you reach the stage where the tax is going up again. People might think of changing their car if they know the rate is going up to 18 per cent and then 20 per cent in 2010."

George Osborne, the shadow chancellor, has recently shifted the Tory position on tax and spending, pledging to cut taxes on savings.

Mr Clarke has questioned the wisdom of promising tax cuts. In Nottingham, he said that because of the worsening public finances, a Tory government may have no choice but to "put up taxes and cut public spending pretty drastically."

Labour was quick to seize on Mr Clarke's remarks. James Purnell the Work and Pensions Secretary said Mr Clarke's assessment of Tory policies was accurate.

"Ken Clarke is right that with so many uncosted and unfair spending commitments and having set themselves against borrowing, David Cameron and George Osborne would have to hike up taxes and make drastic cuts to public spending," he said.

"The last thing Britain needs today is a return to these failed policies of the past. George Osborne and David Cameron should take Ken Clarke's advice and ditch their unfair and unfunded marriage tax plans."

A Conservative spokesman said: "These remarks were made at an academic conference while Ken Clarke was a backbencher. Clearly, now that he is on the front bench he fully accepts collective responsibility on the issue."

Ooops

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you are just being silly now

it was just a genuine question ... I thought Gordon had shown them all the way so I wondered how many other countries are following our lead ....

experience shows that restrictive policies aimed at reducing the likelihood of bank failures during recessions tend to increase the probability of a credit crunch .. so do policy-makers concentrate more on preventing bank failures or avoiding a credit crunch ? there in lies the dilemma ......

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But Tony would you accept that the Tory party idea of sitting back and letting the recession take it's own course is very isolationist in respect to other countries? The daily news articles seem to indicate that the world leaders all think along similar lines to the UK gvmt about the actions needed to try and minimise the impact of this world phenomenon

Other countries are looking at cutting various taxes it would seem, with each country comes different tax laws so you cannot say that they will all be the same. What is the same though across most is the ideas and the way forward, something that the shadow chancellor (not the shadow shadow one) is missing

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Mr Clarke, the new shadow business secretary, described Tory pledges to boost marriage through the tax system as "social engineering" and said politicians had no business trying to influence individuals' choices over marriage.

I fail to see why it's just for me but I agree with Clark on this one , but what exactly does this have to do with our current economic mismanagement ?

raising Clarke's thoughts is like saying how useful it was for the economy to have Mandelson back , after all as mortgages become more difficult to get, it must be handy for the public to be reminded how simple it is to make a misleading statement on your mortgage application. :-)

fact is the general public currently trust Cameron & Osborne more than Brown\ Darling on the economy ...

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I didn't threaten you with violence Clarry. I think our opinion of each other is mutual but a coward I am not.

Edit: :) nevermind

My apologies. I have a problem with ex-pats slagging the place off. My Dad included.

I'm not an ex-pat yet and having fought for my country I feel I've earned the right to pass comment on it, whether you agree or not.

I'm out.

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But Tony would you accept that the Tory party idea of sitting back and letting the recession take it's own course is very isolationist in respect to other countries?

Something must be done! is an age-old cry but does it actually work ? nothing seems to be working at the moment , so who knows maybe the fiddling and grandstanding is being done at the voters' expense and will have to be paid for

The Tories were not saying "do nothing" It's just that they were not convinced that a big new fiscal stimulus using borrowed or printed money would help more than it hurt.

They were making an honest case for the limits of expensive domestic intervention in a still unfolding economic crisis about whose global course remain unclear ...

Many people can understand what Brown and Darling were hoping to do, For example The doctor who says he can cure you tomorrow will get a more interested hearing than the doctor who says he can't .... and possibly understand why they tried , but on balance it isn't working .. and latest polls would seem to suggest voters are beginning to recognise that Brown's action is not working.

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They were making an honest case for the limits of expensive domestic intervention in a still unfolding economic crisis about whose global course remain unclear ...

so basically do nothing then ?

because that is the old age Tory policy in a recession, but this one is much different this is one so disimilar to the others it is not even on the same planet as them.

Without massive intervention Tony you knwo HBOS, Northern rock, B&B, RBS would have all gone bust by now

what impact do you think that would have had ?

no point advocating insurancing borrowing (handg on weren;t the Tories decrying the amount of borrowing ??) when no banks are around to lend it ?

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