Daily Doom

[scooterscot]

Nah, the UK is actually doing something about it.

Luckily, HMG can point at Europe and say "Look at what happens if you don't sort it out"

Debt has continued to increase since the government came to power.

It firstly has to stop increasing, turn around then starting decreasing. When is this going to happen?

[TimberWolf]

The UK debt clock needs up dating. They forecast a measly £1.1 trillion by 2011.

[TimberWolf]

Gold has just set a new record.

[TimberWolf]

I do however favour the more open approach. Let's lay our cards on the table and have a proper recession and get it over with, as we should have done 5 or 10 years ago. A house price crash and everything.

[Dark Black]

I do however favour the more open approach. Let's lay our cards on the table and have a proper recession and get it over with, as we should have done 5 or 10 years ago. A house price crash and everything.

Yes please... still too many riduclously inflated house "valuations" out there. We'd like to get back on the ladder before xmas, but not at those prices!

[Doggy Styles]

Debt has continued to increase since the government came to power.

It firstly has to stop increasing, turn around then starting decreasing. When is this going to happen?

And it will continue to increase while we still have Gordon's deficit. That was massive (over 10% of GDP) and will take a long time to turn around.

All we can do for the next few years is keep reducing that deficit bit by bit. As long as that is happening, money markets will retain confidence in the UK and, by and large, let us get on with it.

[scooterscot]

And it will continue to increase while we still have Gordon's deficit. That was massive (over 10% of GDP) and will take a long time to turn around.

I doubt 8 years of 'his' government is responsible for the current size of the deficit. The process surely started long before Gordon was a twinkle in Daddy's eye.

All we can do for the next few years is keep reducing that deficit bit by bit. As long as that is happening, money markets will retain confidence in the UK and, by and large, let us get on with it.

The Government borrowed a monumental £170.8 billion last year. If all goes well, we're set to borrow another £167.9 billion this year. At that rate we've only another 86 years to go

Let's hope we've no major real wars to fight, our resources we're so dependant on stay intact. We've zero room for manoeuvre.

[PAH]

I'm sure this country wouldn't be in such as mess if we stopped fighting other peoples wars. Every day costs us shed loads.

Indeed. The 'war on terror' has recently exceeded the cost of WWII at over 4 trillion dollars! Though the yanks did join WWII late. I wonder what the UK's exposure is?

'War on terror' set to surpass cost of Second World War - Americas, World - The Independent

[NorthWestPerm2Contr]

I'd recommend COBOL packed decimal.

Oh, hang on a minute.

best off storing in a varchar(15), then we can truncate it to £2,000,000,000 and hopefully nobody will notice.....

[alreadypacked]

Yes please... still too many riduclously inflated house "valuations" out there. We'd like to get back on the ladder before xmas, but not at those prices!

Even if prices do crash it will not be over night, the fastest I have seen them come down in Europe is the rate they went up at X2.

So if prices were rising by 1% per month then the most they will fall is 2% per month. max would be 10% by xmas.

Most they will fall is 34% from peak. (This does not include London)