.

Videos

The National Debt Clock.

Related Posts with Thumbnails

Cyclops & his badger haired sockpuppet get it wrong again.

From the Mail....Alistair Darling's rose-tinted forecast that Britain's economy will rapidly return from bust to boom was dealt another blow last night.

The European Commission downgraded its predictions for the UK - saying it expected output to shrink by 3.8 per cent in 2009.

It said Britain would remain in recession for the first half of 2010, with 'slight positive growth' not returning until late next year. Overall, the commission said, growth for the year would register just 0.1 per cent.

It also predicted that mass unemployment would return to Britain, with almost one in ten people out of work. That would mean more than three million unemployed.

If correct, the gloomy forecast would mean Labour going into a general election with no sign of economic growth returning to the economy.

Now the EU as we all know are not exactly shit hot on accountants, mostly due to being so fucking corrupt that no bunch of accountants is willing to sign off the accounts; but when even they point out our nose picking PM has the figures wrong you know the game is up. 

Add in the IMF and others who have also stated that this pair of clowns are blowing smoke out their arses and you know the recession is not over. Not even close.
.

0 people have spoken: