MSM editors have clearly been delighted with events in Libya, providing an endless rush of easy stories to fill those virgin spaces in the press and the airwaves. And it saves for the holiday period having to focus on the dire reality of shop closures and economic retraction.

Breaking away from the travails of the euro, Ambrose is dipping his toe in the water, telling us we're poised on the edge of the second part of a double-dip recession.

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“Usdaw will be doing all it can to help members recover any monies they are owed once the shutters finally come down on TJ Hughes.”
Well my personal experience of that sort of thing is between none & fuck all.
The banks get first call on the money left over!

If Ambrose is near right, (and I think he is,) then this is possibly the "beneficial" crisis to bring about ever closer European fiscal policy, or even World fiscal policy, a la Strong & Soros!

Talk of "double-dip recessions" is the language of the "normal economic cycle". A past era IMO.


And will continue to contract (short term blips aside) for the foreseeable future. There are few fundamentals supporting the current consumption levels of western economies, especially the UK economy.

Jonah said; "this is only the start!"

Our fu**wit political claque, do have a shock coming, a big one.

We ain't going back to consumerism. We are seeing the death throes of the spending power of the Z-factor generation and the, buy it, borrow it, credit card it, shop till you drop, drink till you cannot stand up hedonism.
There is no economic miracle just around the corner, other than what we used to do, work hard, toil and scrimp and get by - China and India won't bail us out with cheap tat for much longer and the world food/commodity prices are going through the roof, the party is over - "defo!"

Jeff Randall reckoned it would take a 12 to 15 year economic readjustment [in Britain] - that is the reality: so it's back to the Seventies [or even the fifties].
If the 'looting classes' carry on their lavish lifestyles, continue to live like petty Kings and Queens, their riches matched only by a quite extraordinarily misplaced sense of entitlement - then a REVOLUTION is surely just around the corner.

This forthcoming depression, is why the government should be educating the masses with what to expect. Ha Ha Ha.
Instead it goes on it's own merry way, head up its ar** and whistling; "things can only get better...."

Well the cuts seem bad now but this is the first salvo, the real bombardment has yet to commence - in a war of 'scorched earth' - but the boneheads in Westminster have yet to read the runes, it was ever thus.
Furthermore, it is high time the government commenced making real savings........ and you can lead a horse to water but you can't make it drink................. .

Damn right, a readjustment is needed, it won't come from the top - does it ever?

With regard to the MSM keeping the really important things on the back burner,I normally enjoy watching Jeff Randall Live on the early evening. The past couple of weeks,although being advertised,it has not appeared,just the news about Libya instead.Clinton said,'it's the economy,stupid' which is and,indeed will be,the biggest news story in the coming weeks,you van only sweep it under the carpet for so long. The only shops that seem to be opening are the charity shops and the big supermarkets, which are killing what's left of the small business's that were once the backbone of our Country. Public houses are closing at an alarming rate,when in the past recessions they used to boom,you never saw a poor publican, was the saying 40 yrs ago. The smoking ban was the last straw,it's also preparing the ground for the Islamification of this Once Great Country. And yes,it's the beneficial mess that will lead to even greater European integration on a massive scale.Is it all too late,or will the general public wake up in time?

This comment by Tom Peck (Independent I think?) tell us exactly why UK economy and that of Europe is going down the pan:

"In London, meanwhile, tighter emissions standards will come into force from January next year. Some ice cream vans will be able to fit a filter, but the charge for those that don't will be £100 a day.
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Having just returned from Hong Kong with my wife the contrast could not be sharper. Massive entreprenurship everywhere produces superb trading prospects for anybody, anywhere, with sufficient interest and small capital. There are hundreds of thousands of small businesses evident (some with premises the size of a living room) - maybe not all booming but certainly providing a living, and largely free from official interference like the "EU Regs" above.

A friend in financial consultancy and investments living in HK recently prepared to set up business there. Did all the necessary preparation and "set up" one morning, and by the afternoon was already trading and receiving welcome attention.
With standard rate of tax at 8% and oly 15% for higher earners it carries a message for the UK. LOWER TAXES - GET OUT OF THE EU - GET GOVERNMENT OUT OF THE FRAME, and then business will take off again. We need a complete reversal of the current business culture and a return to real free trade capitalism - minus the EU of course. Sorry to state the oh so obvious!