UK slides back into recession in first double dip since 1970s

[deckingraj]

but remember one thing they will prefer caucasian people first over any other race and with unemployment all time high and economy growth all time low,its hard to get a job now a days,your wife might just have to stay at home and relax...

hmmm that is not a rosy sign...thnxs for the input though....

 

[anon45]

Take note, 'austerity' doesn't work. All this talk about austerity simply causes people to save, self-reinforcing spiral. Even China knew that when it had its own monetary injection.

Who is going to open a business (or continue running a business if they are at that point) at a time of such turmoil with only austerity in the future?

 

[Hello_10]

UK slides back into recession in first double dip since 1970s

Wednesday's data showed that output was still 4.3 per cent below its peak in the first quarter of 2008, and the economy has only grown by 0.4 per cent since the government came t o power in the second quarter of 2010.

Output in Britain's service sector - which makes up more than three quarters of GDP - rose by just 0.1 per cent in the first quarter after falling 0.1 per cent in Q4 2011, ke pt down by a fall in output in the large business services and finance sector.

UK slides back into recession in first double dip since 1970s - The Economic Times

Whenever we predict something, there are certain back up about it. Certain reasoning helps us predict something. as growth rate of OECD economies are measured on quarterly term, not on yearly term like India/ China, 0.2% reduction in GDP by just one quarter resulted in ‘net’ reduction in their output by the quarter ended on march 2012. and If we have a look on the side of output Britain is losing, then its on the industrial output side. as, even if service grew by 0.1%, total output reduced by 0.2% last quarter which is because Industrial activities as a whole reduced by a margin of almost 0.3% last quarter. And if we have a look on the economy of Britain, its service sector account for 77.7% and Industries at 21.6% last year so by now, it would be around 21.3%

GDP - composition by sector (Britain):

agriculture: 0.7%
industry: 21.6%
services: 77.7% (2011 est.)
https://www.cia.gov/library/publications/the-world-factbook/geos/uk.html

again we have a news as below, which also fit the current trend of reduction of Industrial activities of Britain, reducing overall emission of green house gas.

LONDON: Britain's greenhouse gas emissions fell 7 percent in 2011, putting one of the European Union's biggest emitters further ahead of its internationally binding target under the Kyoto Protocol, provisional government data showed on Thursday.

British greenhouse gas emissions down 7 percent in 2011 - Times Of India

and here, we know that there was no recession last quarter, we only saw ‘quietness’ in world market. This way, we find that by every quiet quarter of a year, Industrial output of UK would fall by 0.3%. this way, hopefully by 2016/17, Industrial output of UK would fall below to 15% of its GDP and it will be the time when Britain will be about to face a deep recession like how Russia faced in 90s. as, only service without Industries, how long? not for a very long . There will be a time when Service will face a sudden fall bringing the overall GDP level to just 25% to 30% of its current level, it won’t take more than 3-4 years for this type of sudden fall of British economy, once it starts, may be within 5 to 10 years from now. Industries of these so called ‘Industrialized countries’ have already gone to China and whatever is left, they are losing with a fast pace. They are just waiting for a 'free fall' of service side, within just 5-6 years from now, hopefully in between 2017-2022

its not about reduction of green house gases by 7% every year, its about moving from the top to bottom of the table as below, towards Afghan/ Congo, a certain 'destiny' of Britain . and how 'low' they will go in this list, we are waiting to see, their 'destiny'. within next 5 to 15 years, hopefully, a level these 'industrialized nations' will reach when labor cost there will get lower than Asia, "after a free fall of economy" and it will then stop industries moving from US/ EU to China

List of countries by carbon dioxide emissions per capita - Wikipedia, the free encyclopedia

 

[Cheetah786]

^^^^^^^^^^^^^^^^6
That's bad...i might have to go there for about 2 years due to my company needs...My wife is prepsring for her CFA level 3 and her exam is due on 3 June 2012...We were hoping that being a post grad in economics and all the three levels under her belt it would be easy to get a job....obviously it is silly to ask for jobs when economy is in recession but i will appreciate if anybody from UK can give a more clear picture about how the job market is going on there...

wrong your wife will have no problem getting a job in new economy.problem isn't they have no jobs problem is they don't have enough skilled people to fulfill the jobs they do have.

 

[Hello_10]

so i guess its time to strip UK from its unsc seat and make India a permanent member, everybody salutes the rising sun.......

after looting the whole world, they have finally fallen into a type of permanent recession, thats very bad. they have finished all they looted from whole world

UK in fact doesnt deserve any power. a country of under high school pass people, heavily indebted and no hope in future also, will only misuse its powers to maintain welfare for its under high school pass people. under high school pass people can't develop technologies and the way they have been getting high skills from India during last 2 centuries, since British Raj, they are not supposed to get in future . now Indian professionals would make India a golden bird like till 18th century, they won't go to a falling economy like Britain anymore. neither Britain is left with money of loots anymore nor Indian professionals would find Britain the place where they may sell their skills for good money and develop techs for them anymore

https://www.cia.gov/library/publica...gdom&countryCode=uk&regionCode=eur&rank=23#uk

https://www.cia.gov/library/publica...ngdom&countryCode=uk&regionCode=eur&rank=3#uk

problem of Britain is, they want to maintain their lifestyle without proper educational background and world is no more like how Thakurs and Nawabs used to maintain their life style. Britain is moving towards the lifestyle they had till 15th century and are scared of thinking of it

A History of Poverty

Poverty in the Middle Ages

Not much was written about poverty in the Middle Ages. The poor were not considered important. Much more was written about the rich and powerful.
However in the Middle Ages poverty was common. England was basically a subsistence economy where each village made most of the things it needed and most of the population were subsistence farmers. They grew as much food as their families needed (if they were lucky).Surprisingly, perhaps, examining Medieval skeletons shows that most people had an adequate diet, except in times of famine.

However life must have been very hard for the disabled. There were many disabled beggars in Medieval towns.

The Church tried to help the poor. The Church taught that it was a Christian duty to give to the poor. In monasteries a monk called an almoner gave alms to the poor. However in the Middle Ages fearful poverty was an inescapable part of life.
Things did improve after the Black Death of 1348-49. In England about one third of the population died. Afterwards there was a shortage of workers so wages rose. In the 15th century wage labourers were better off then in the 13th century.

[/QUOTE]

http://www.defence.pk/forums/genera...india-1835-how-british-destroyed-india-7.html

 

[Hello_10]

after looting the whole world, they have finally fallen into a type of permanent recession, thats very bad. they have finished all they looted from whole world

UK in fact doesnt deserve any power. a country of under high school pass people, heavily indebted and no hope in future also, will only misuse its powers to maintain welfare for its under high school pass people. under high school pass people can't develop technologies and the way they have been getting high skills from India during last 2 centuries, since British Raj, they are not supposed to get in future . now Indian professionals would make India a golden bird like till 18th century, they won't go to a falling economy like Britain anymore. neither Britain is left with money of loots anymore nor Indian professionals would find Britain the place where they may sell their skills for good money and develop techs for them anymore

https://www.cia.gov/library/publica...Kingdom&countryCode=uk®ionCode=eur&rank=23#uk

https://www.cia.gov/library/publica... Kingdom&countryCode=uk®ionCode=eur&rank=3#uk

problem of Britain is, they want to maintain their lifestyle without proper educational background and world is no more like how Thakurs and Nawabs used to maintain their life style. Britain is moving towards the lifestyle they had till 15th century and are scared of thinking of it

Till 90s, we used to read about Developed and Developing economies, and among the developing economies,one like China who were performing good and many others who didn’t. but for last 5-6 years, we now have PIIGGS economies, which refers to ‘dirty’ economies whose expanses are more than earning, the 'pigs'. And these PIIGGS of Europe are as below.

The acronym PIGS has been around since 1997, coined during the economic crisis of Portugal, Italy, Greece and Spain. Since then, the acronym has been expanded: Portugal, Ireland, Italy, Greece, Great Britain and Spain, or PIIGGS. Every one of these countries is in dire economic straits, having run up huge deficits. The deficit loans, enabling what many have called reckless spending by the PIIGGS countries, are coming due right now.

Credit Crisis – PIIGGS to the Trough

Britain's borrowing habit puts it in the 'PIIGS'

Britain's debt problem vs the PIIGS - Portugal, Ireland, Italy, Greece, Spain | This is Money

From here, Great Britain is hopeful with India, but what about the other pigs?

1 in 4 in Spain now unemployed

1 in 4 in Spain now unemployed

 

[Shardul.....the lion]

And Britain talks of morally high position of giving aid (bribes) to India while facing a recession twice in last 5 years.

 

[FairAndUnbiased]

Take note, 'austerity' doesn't work. All this talk about austerity simply causes people to save, self-reinforcing spiral. Even China knew that when it had its own monetary injection.

Who is going to open a business (or continue running a business if they are at that point) at a time of such turmoil with only austerity in the future?

So you admit that the austerity shock therapy policy forced on Russia and Argentina was designed to permanently enslave them.

 

[R0H1T]

http://www.defence.pk/forums/genera...india-1835-how-british-destroyed-india-7.html

after looting the whole world, they have finally fallen into a type of permanent recession, thats very bad. they have finished all they looted from whole world

UK in fact doesnt deserve any power. a country of under high school pass people, heavily indebted and no hope in future also, will only misuse its powers to maintain welfare for its under high school pass people. under high school pass people can't develop technologies and the way they have been getting high skills from India during last 2 centuries, since British Raj, they are not supposed to get in future . now Indian professionals would make India a golden bird like till 18th century, they won't go to a falling economy like Britain anymore. neither Britain is left with money of loots anymore nor Indian professionals would find Britain the place where they may sell their skills for good money and develop techs for them anymore

https://www.cia.gov/library/publica...gdom&countryCode=uk&regionCode=eur&rank=23#uk

https://www.cia.gov/library/publica...ngdom&countryCode=uk&regionCode=eur&rank=3#uk

problem of Britain is, they want to maintain their lifestyle without proper educational background and world is no more like how Thakurs and Nawabs used to maintain their life style. Britain is moving towards the lifestyle they had till 15th century and are scared of thinking of it

+1
As they say what goes around comes around & bites you nasty in the @$$ !

 

[Ottoman-Turk]

i agree 100% with you but its not only britian but france and other looters aswell , maybe if ottomans looted we would have had a 2-3 trillion economy aswell like them , but its good to see people are angry about looters , but i wish your government and other governments can do the same by leaving the common wealth and francophone etc which basically acknowledges UK and France as superior races and people and others as ruled

after looting the whole world, they have finally fallen into a type of permanent recession, thats very bad. they have finished all they looted from whole world

UK in fact doesnt deserve any power. a country of under high school pass people, heavily indebted and no hope in future also, will only misuse its powers to maintain welfare for its under high school pass people. under high school pass people can't develop technologies and the way they have been getting high skills from India during last 2 centuries, since British Raj, they are not supposed to get in future . now Indian professionals would make India a golden bird like till 18th century, they won't go to a falling economy like Britain anymore. neither Britain is left with money of loots anymore nor Indian professionals would find Britain the place where they may sell their skills for good money and develop techs for them anymore

https://www.cia.gov/library/publica...Kingdom&countryCode=uk®ionCode=eur&rank=23#uk

https://www.cia.gov/library/publica... Kingdom&countryCode=uk®ionCode=eur&rank=3#uk

problem of Britain is, they want to maintain their lifestyle without proper educational background and world is no more like how Thakurs and Nawabs used to maintain their life style. Britain is moving towards the lifestyle they had till 15th century and are scared of thinking of it

http://www.defence.pk/forums/genera...india-1835-how-british-destroyed-india-7.html[/QUOTE]

OH SORRY I THOUGHT YOU WAS INDIAN YOUR RUSSIAN

 

[r3alist]

^^^^^^^^^^^^^^^^6
That's bad...i might have to go there for about 2 years due to my company needs...My wife is prepsring for her CFA level 3 and her exam is due on 3 June 2012...We were hoping that being a post grad in economics and all the three levels under her belt it would be easy to get a job....obviously it is silly to ask for jobs when economy is in recession but i will appreciate if anybody from UK can give a more clear picture about how the job market is going on there...

I dont know what her expectations or experience is but your wife sounds like she should be fine to get some sort of job in a relevant area, but it's a pretty slow Market, nothing is a guarantee.

 

[deckingraj]

I dont know what her expectations or experience is but your wife sounds like she should be fine to get some sort of job in a relevant area, but it's a pretty slow Market, nothing is a guarantee.

Yup..that's the worry...but let's see how it goes once we come there..thnxs for sharing your thoughts though....

 

[Hello_10]

Till 90s, we used to read about Developed and Developing economies, and among the developing economies,one like China who were performing good and many others who didn’t. but for last 5-6 years, we now have PIIGGS economies, which refers to ‘dirty’ economies whose expanses are more than earning, the 'pigs'. And these PIIGGS of Europe are as below.

From here, Great Britain is hopeful with India, but what about the other pigs?

if we want to rank the pigs, the PIIGGS economies, I would rank them from top to bottom as below:

1. Greece
2. Great Britain
3. Italy
4. The USA
5. Spain
6. Portugal
7. Ireland

 

[Skull and Bones]

if we want to rank the pigs, the PIIGGS economies, I would rank them from top to bottom as below:

1. Greece
2. Great Britain
3. Italy
4. The USA
5. Spain
6. Portugal
7. Ireland

Where's France? Their situation is not much different from UK.

 

[Safriz]

alk hail david the camaron....
good that his party lost big time in last weeks local elections....