Originally posted by Doggy Styles
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
George Osborne: eurozone crisis killing UK recovery
Collapse
X
-
-
But people are forgetting that austerity promotes economic growth, because when the government stops borrowing as much money from investors, those investors have more money to invest in everything else, leading to economic growth in due course.Comment
-
Originally posted by KentPhilip View PostBut people are forgetting that austerity promotes economic growth, because when the government stops borrowing as much money from investors, those investors have more money to invest in everything else, leading to economic growth in due course.
What happens is this:
1) Govt uses BoE to print money so that yields on Govt bonds stay low and it can continue borrowing under low interest rate
2) Investors with money not interested in such pathetic income so they put their money into commodities like oil, gas, gold etc.
As the result inflation goes up as value of most currencies against real things goes down - more or less everybody is fooked apart from people in Govt who avoid making proper cuts to save their future political careers.Comment
-
Originally posted by KentPhilip View PostBut people are forgetting that austerity promotes economic growth, because when the government stops borrowing as much money from investors, those investors have more money to invest in everything else, leading to economic growth in due course.Will work inside IR35. Or for food.Comment
-
Originally posted by AtW View PostIndeed - 2 years now they are tring to do it and given that it's more or less mid term it's clear they won't achieve what they stated by end of their term. They are now blaming Europe for that.Comment
-
Originally posted by Doggy Styles View PostPay attention AtW. The UK's biggest market is Europe, and much of it is in recession. Are you telling us that that has no bearing on the UK's economic plans?
Look at UK exports:
Nice growth last year, do you think it THAT collapsed this year? I doubt it very much, the reason UK economy is in recession now is because of internal demand.
It's Osborne's job to create such conditions in the UK that it manages despite problems elsewhere - frankly he and Dave should not have been such arses to Europe if dependency is so high, instead of knocking euro they should be grateful they have devalued sterling that helps exports, I guess now they'll blame strength of pound for drop
There is nothing material that Osborne did since taking office that really helped businesses - especially small ones that create jobs, if you think that he did something like that then please post here with reference.Comment
-
-
Comment
-
Comment
-
Originally posted by OwlHoot View PostMind you, that export diagram was a good find and quite interesting.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment