£6 billion spending cuts to be announced today

[HairyArsedBloke]

Bob is Boooooooooooooommmmmmmmed.

It's everyone else that going to get shafted.

[sasguru]

Not too many Bobs because most of it will be SC/DV work.

Glad I moved out of that sector. Those of you on the bench will need to budge right up. May even need an extra bench.

WHS. This will affect all contractors - more people chasing fewer jobs. The next few years are going to be tough. If you don't have Plan Bs and Cs then get one asap.

[threaded]

Lots of Bobs do SC/DV jobs.

[Churchill]

Lots of Bobs do SC/DV jobs.

Not at our place they don't.

[Gonzo]

I was only guessing 4%. It will be 'interesting' to see whether it goes up.

All the information you need is here:

UK Debt Management Office

I don't really know what I am looking at but to my eye it looks like the auction last Thursday went rather well.

[sasguru]

All the information you need is here:

UK Debt Management Office

I don't really know what I am looking at but to my eye it looks like the auction last Thursday went rather well.

Error on that page.
Looks like the IT cuts are starting to bite already

[Doggy Styles]

All the information you need is here:

UK Debt Management Office

I don't really know what I am looking at but to my eye it looks like the auction last Thursday went rather well.

Ah, I wondered what this means:

Data currently unavailable

[TimberWolf]

Ah, I wondered what this means:

Data currently unavailable

And if you click "View details": "An error has occured<sic>: "

[Gonzo]

Error on that page.
Looks like the IT cuts are starting to bite already

Ah, I wondered what this means:

Data currently unavailable

Fook me. Providing a useful link to their reporting section has beaten me.

Try this page

UK Debt Management Office

And drill down on the Summary of results from all operations link.

[xoggoth]

You get conflicting statements even on the 1930's depression as to whether they relaxed state spending too early or too late, and if they haven't worked that out by now it is probable that the answers are not clear cut.

Observation suggests that economics is not mainly about logic or maths but human emotions. It is the perception that matters most and the example of Greece suggests that if the borrowing figures stay frighteningly high for too long we will have problems that greatly outweigh the "rational" fact that a few hundred thousand civil servants and others who rely on the state will reduce their spending.

In the long term, for real steady growth we need a more productive economy and that means a small state economy. The state should regulate the market and directly provide only those services where the main driving principle of the free market, ie that one has better profit by satisfying the customers, does not apply.