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Thursday, 26 April 2012

UK in double-dip recession - storm of a depression looming !


Some will remember the following:

In 1991 within Margaret Thatcher's government the then Chancellor of the Exchequer - Norman Lamont, stated in The Houses of Parliament that "Rising unemployment and the recession have been the price that we have had to pay. That price is well worth paying."

He later went on to say :  "what we are seeing is the return of that vital ingredient – confidence. The Green shoots of economic spring are appearing once again."

Within the last 24 hours it has been confirmed that in the UK we're in a double-dip recession - with the storm of a depression looming. Respect For the Unemployed & Benefit Claimants warned 3 years ago - we either learn from history or risk repeating it !

This shambolic government is repeating history - the Tory led British government are politically, economically inept ! Put into context, our recession period has now gone on longer than the 1930s Great Depression.

Recession can become depression unless the government takes urgent steps to plan for growth through state-sponsored investment. This posh, Tory led coalition government couldn't care less for ordinary people struggling. In Britain we need a planned economy based on social need - socialism is what we require !
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