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Delaying the inevitable

So, the economy was on the way up in May with Labour's policies still working. This has carried on until now but the Tory cuts are going to start biting soon. 500,000 public servants will be out of work, travel will be more expensive and VAT is going up too. However, the Christmas rush will delay any effects until the new year. I would have expected the economy to start on a down turn in the first quarter of the next financial year. However, this too has been pushed back by a feel good fun day: the Royal Wedding. So I expect spending and tourism might just delay the inevitable until the second quarter next year. And of course the structural damage will have been done by then with public services greatly reduced and demoralised, especially as second quarter figures won't be reported until August/September. 2012 has got the Olympics, will this be enough to see the Government through?

Comments

( 4 comments — Leave a comment )
davidt3001
Nov. 25th, 2010 12:15 am (UTC)
If not they'll have to find somewhere to invade. Without a navy it'll have to be Scotland or Wales ...
spencerpine
Nov. 25th, 2010 12:33 am (UTC)
Harry should probably get married too, to be on the safe side.
timgray
Nov. 25th, 2010 08:01 am (UTC)
I'm strongly suspecting we're heading for a very divided society, between haves and have-nots. The stereotype, of course, says the Tories are into that sort of thing.

They certainly seem to have a view that there's a pool of jobs for public sector workers and benefit claimants to pick up, which is kind of odd. Though, fair do's, a good simplification of the benefits system would be a good achievement. I've recently been editing some packs on it and it's mad.
kruku
Nov. 27th, 2010 04:54 pm (UTC)
2013. London landlords will up rents for the London Olympics. Knock on effect on all London properties and city property throughout the UK. After the visitors go home the landlords will not have the sense to lower rents and then they will not be able to pay their mortages. From this there will come a property slump. Unless we have a really big war...
( 4 comments — Leave a comment )