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Economy not doing as well as first thought...& families poorer than in 2008

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    Old Man 43Old Man 43 Posts: 6,214
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    The thing is that 2.6% growth is reasonable for a developed country like Britain.

    Too much faster and the economy would overheat causing inflation and much higher interest rates.

    Economy's overheating inevitably least to a bust which causes a recession.

    For me I would rather have 10 years of growth between 2-3% than a couple years of 4-5% followed by a recession.
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    mRebelmRebel Posts: 24,882
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    SULLA wrote: »
    The mess left by Labour was just too big to sort out quickly.

    Labour sorted it immediately. They gave huge piles of the public's cash to the bankers who got us in a mess, and the Coalitions given them more.
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    jcafcwjcafcw Posts: 11,282
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    SULLA wrote: »
    The mess left by Labour was just too big to sort out quickly.

    Surely that should read:

    The mess left by the G20 who collectively did nothing to prevent the global economic even though they were warned about it was just too big to sort out quickly.

    The Conservatives were just lucky they weren't holding the ball when the shit hit the fan. They may not be so lucky next time.
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