The Economy

[DVL418]

RE: The Economy

(25/10/2012 13:49)wirralbus Wrote:  Whom ever is Chancellor be it Conservative , Liberal or Labour will have the same problems to try and stimulate the Economy .

Er, not quite!

Osbourne is the ONLY European finance minister NOT balancing cuts to public expenditure with increasing taxation on the wealthiest 10% of residents (he has actually CUT their tax liability by 10%), even though the majority of them in the UK can afford to use accountancy smoke & mirrors to 'avoid' paying anything like the tax the should be doing.

Instead, he is behaving like King Canute and persists on insisting that funding for public services is butchered - even though he is already having to BORROW nearly 50% more money than he promised in 2010, just to pay the growing benefits bill as more and more people have to rely on in work benefits (not those signing-on) because their wages/hours have been cut and they are having to claim housing and council tax benefits etc to to keep a roof over their heads - why should these families suffer whilst the riches 10% get to keep MORE of their money?

[St Helens Rider]

RE: The Economy
The irony is that part of the criteria for the new Universal Credits is that people have to work more hours (than previously required under the current equivalent Working Tax Credits), as to where they will get those hours from is anyone's guess! So the in-work benefits bill will fall by 2014. As per usual, it's all down to typical Tory ideology.

[wirralbus]

RE: The Economy
Comet , looks likely to be the next big name casualty of the present instability in the economy.

What this economic instability has caused is the retailers that had shaky finances to start off with to collapse completely , probably giving the healthier retailer a bigger and better chance of weathering the storm.

[DVL418]

RE: The Economy

(01/11/2012 14:48)wirralbus Wrote:  Comet , looks likely to be the next big name casualty of the present instability in the economy.

What this economic instability has caused is the retailers that had shaky finances to start off with to collapse completely , probably giving the healthier retailer a bigger and better chance of weathering the storm.

Comet's cashflow is being threatened by suppliers now insisting on payment upfront.

Therefore, busineeses that are better at hiding their financial state of health have a better chance as well.

[MPTE1955]

RE: The Economy
Comet really have been under threat for quite some time, this is not the first time that they have been in or close to being in trouble.

[wirralbus]

RE: The Economy
Sometimes the businesses that sail close to the wind are usually the ones that fall over when the going gets tough .

[MPTE1955]

RE: The Economy

(01/11/2012 16:07)wirralbus Wrote:  Sometimes the businesses that sail close to the wind are usually the ones that fall over when the going gets tough .

Indeed.

[DVL418]

RE: The Economy

(01/11/2012 16:08)MPTE1955 Wrote:  

(01/11/2012 16:07)wirralbus Wrote:  Sometimes the businesses that sail close to the wind are usually the ones that fall over when the going gets tough .

Indeed.

Nett result more unemployment and less competition, ultimately driving up prices for the customer- so nobody gains except those with insider information so they could abandon ship and probably hide their money in an off-shore tax haven

[St Helens Rider]

RE: The Economy
And also remember that the Private Sector was supposed to be taking up the slack from the Public Sector cuts, oops!

[DVL418]

RE: The Economy

(01/11/2012 18:30)St Helens Rider Wrote:  And also remember that the Private Sector was supposed to be taking up the slack from the Public Sector cuts, oops!

But indeed they are!!

Straight into their 'tax efficient' off-shore bank accounts.