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claytonender · 27-03-2010, 20:08

Last Saturday I was reading an article by a prominent economist, who was talking about the dangers of a double dip recession (which basically means that we go back into another recession. He said that if Labour win it was unlikely we would go into a double dip (unless other European countries go back into recession which would have a bad effect on the UK economy). However, if the Tories win with their promises of cutting public spending - which in effect means cutting capital projects such as school building projects, elevate etc. This would have a catastrophic effect on the economy putting large numbers of construction workers out of work, which would in turn have a domino effect on other companies that supply builders. It would also have a multiplier effect on shops etc where the unemployed had bought food and other goods. Not to mention the loss of tax income and the large amount of welfare benefits (job seekers allowance, rent and council tax benefit etc) that would be paid.

Maybe this time round the Tories want to destroy another section of the British people - with Maggie it was the miners and manufacturing industry.

27-03-2010, 20:08	#60
claytonender Senior Member Join Date: Nov 2004 Location: Clayton-le-Moors Posts: 892 Liked: 0 times Rep Power: 270	Re: General Election Last Saturday I was reading an article by a prominent economist, who was talking about the dangers of a double dip recession (which basically means that we go back into another recession. He said that if Labour win it was unlikely we would go into a double dip (unless other European countries go back into recession which would have a bad effect on the UK economy). However, if the Tories win with their promises of cutting public spending - which in effect means cutting capital projects such as school building projects, elevate etc. This would have a catastrophic effect on the economy putting large numbers of construction workers out of work, which would in turn have a domino effect on other companies that supply builders. It would also have a multiplier effect on shops etc where the unemployed had bought food and other goods. Not to mention the loss of tax income and the large amount of welfare benefits (job seekers allowance, rent and council tax benefit etc) that would be paid. Maybe this time round the Tories want to destroy another section of the British people - with Maggie it was the miners and manufacturing industry.