Finally there is some good news. Well sort of. I guess 0.1 of 1 percent growth is better than nothing. With the amount of money that the government printed to get the banks lending again it has finally come through to the wider economy. But I would suggest that the UK has a more that 90% chance of re-entering recession.
Working in the IT sector there is a distinct lack of jobs similar to the .com bust. I think there are harder times to follow. House prices are being artificially lofted higher by the governments support of the housing market. Lets see when David Cameron comes in to office, I somehow doubt he will be so willing to waste money supporting the housing market.
With the huge public spending cuts predicted after the general election I will be amazed to see any one having a job in the Civil Service. Its going to be a blood bath. If the fat bankers thought they had it bad, then the civil servants are going to be crying all the way to the bank. Or not as the case may be.
The Torys are well known for their cutting back programme. Lets see the carnage, I think its time to get out and migrate to India :)
Wednesday, 27 January 2010
Sunday, 24 January 2010
No Bonus 4 RBS
This blog is in response to the campaign to stop RBS from getting their sticky paws on to our money. 2008 saw the start of the massive banking crisis which shook the whole banking system to a few hours from total Armageddon. With the biggest run on a UK bank in living memory, the senses at Northern Rock could not be repeated. And it did not.
Without the efforts of Gordon Brown and his government the whole world would now be in a deep depression. It has been largely abated. It was close, but it looks like even the UK is now is coming out of recession.
And now barely 18 months after the shit literally hit the fans, the bankers are looking to eat the cake. We as taxpayers have poured 100's of billions in to the banks, and now it seem that they want to have some cake. Well let me tell you this. I will not stand for this, and neither should you.
The joke is on us. We control the banks. When the government stepped in to save RBS from collapse, it ensured that we had a veto. In the Times article back in December it looked like the Treasury was going to use its balls to stop these bankers, but now things are uncertain. Hence the campaign started to stop them.
Lets see in the coming weeks what happens
Without the efforts of Gordon Brown and his government the whole world would now be in a deep depression. It has been largely abated. It was close, but it looks like even the UK is now is coming out of recession.
And now barely 18 months after the shit literally hit the fans, the bankers are looking to eat the cake. We as taxpayers have poured 100's of billions in to the banks, and now it seem that they want to have some cake. Well let me tell you this. I will not stand for this, and neither should you.
The joke is on us. We control the banks. When the government stepped in to save RBS from collapse, it ensured that we had a veto. In the Times article back in December it looked like the Treasury was going to use its balls to stop these bankers, but now things are uncertain. Hence the campaign started to stop them.
Lets see in the coming weeks what happens
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