Forums - UK unemployment rises to highest in 20 years.

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-- UK unemployment rises to highest in 20 years. (http://www.elitetrader.com/vb/showthread.php?threadid=232710)

Posted by Debaser82 on 12-14-11 12:22 PM:

UK unemployment rises to highest in 20 years.

http://www.bbc.co.uk/news/business-15747103

But... At least they are not in the Euro right.

So party on lads.

Posted by sheda on 12-14-11 12:44 PM:

Cant imagine it if we had joined, there's still those who want us to...

Posted by Covertibility on 12-14-11 05:15 PM:

As expected from last year's idiotic austerity program, UK Government Introduces Hardline Austerity Plan

Running an austerity plan in a weak economy and expecting prosperity, lol!

Posted by sheda on 12-14-11 05:20 PM:

Quote from Covertibility:

As expected from last year's idiotic austerity program, UK Government Introduces Hardline Austerity Plan

Running an austerity plan in a weak economy and expecting prosperity, lol!

What is your valid alternative that doesn't see the UK shot out of the sky by the bond markets?

Posted by trading spaces on 12-14-11 05:27 PM:

Re: UK unemployment rises to highest in 20 years.

Quote from Debaser82:

http://www.bbc.co.uk/news/business-15747103

But... At least they are not in the Euro right.

So party on lads.

But every european has a right to work in the UK. As european economies go into recession even more will arrive. Soon they will have a right to claim benefits as well. So comparing figures with 20 years ago is meaningless. Should be celebrating how many jobs have been created.

Posted by sheda on 12-14-11 05:33 PM:

Re: Re: UK unemployment rises to highest in 20 years.

Nine out of ten jobs created last year went to foreign nationals
By JASON GROVES, POLITICAL CORRESPONDENT
Last updated at 10:32 AM on 31st August 2011

Nine out of ten people who joined the workforce last year were foreign nationals, official figures revealed yesterday. The number is far higher than had been previously thought. British nationals accounted for only a tiny fraction of the rise in employment among working age people with most new workers being immigrants.

Last night experts warned there could be a ‘jobless recovery’ for British workers unless ministers get to grips with immigration

Read more: http://www.dailymail.co.uk/news/art...l#ixzz1gEmuOIvC

Posted by Covertibility on 12-14-11 06:06 PM:

Quote from sheda:

What is your valid alternative that doesn't see the UK shot out of the sky by the bond markets?

You think Greece, Portugal, Ireland, etc... saw their rates skyrocket because of govt spending??

I don't know why republicans post in the economics forum, they have such a long track record of failure.

Posted by sheda on 12-14-11 06:14 PM:

Quote from Covertibility:

You think Greece, Portugal, Ireland, etc... saw their rates skyrocket because of govt spending??

I don't know why republicans post in the economics forum, they have such a long track record of failure.

So, your alternative to government cuts issssss?

Posted by trading spaces on 12-14-11 06:15 PM:

Quote from Covertibility:

You think Greece, Portugal, Ireland, etc... saw their rates skyrocket because of govt spending??

I don't know why republicans post in the economics forum, they have such a long track record of failure.

Yes I do, it's not only republicans who think that.

Posted by sheda on 12-14-11 06:24 PM:

Quote from trading spaces:

Yes I do, it's not only republicans who think that.

Dont be silly, government debt has nothing to do with this crisis.

Posted by Covertibility on 12-14-11 06:24 PM:

Quote from sheda:

So, your alternative to government cuts issssss?

Spend on infrastructure and other areas where the multiplier is high. Raise taxes on the upper brackets, cut all loopholes. That's just a start.

Posted by sheda on 12-14-11 06:26 PM:

Quote from Covertibility:

Spend on infrastructure and other areas where the multiplier is high. Raise taxes on the upper brackets, cut all loopholes. That's just a start.

What like a 50% tax rate..for instance? Yea that saved the day.

Posted by Covertibility on 12-14-11 06:44 PM:

Raising taxes on the rich is not done for the revenue but rather symbolic to appease the middle and lower classes who believe that the rich having prospered substantially over the decades while they feel they've been left behind.

Printing countries can run deficits now with ease but that'll change when Europe finally turns.

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