Uk in Recession

Before your time Todgy !!
Cant you see the advantages of automatic tax collection surely
an enhanced VAT system is better than having to chase tax
payers all over the world to get whats owed??
If you spend it, you ay it !
Simple, no more claiming expenses etc ??

Donkeyman!

:043:
:038: that made me chuckle.

I like that idea Donkeyman, the more you spend, the more tax you pay. But whatever happened to the idea of putting road tax on each gallon of petrol you filled up with. The more you drive, the more road tax you pay. Seemed a very fair idea to me…:102:

Yes OGF another good idea pidgeon holed for what reason??
Some trucking company lobby l suppose?

Donkeyman!

:lol::lol::lol:

I’m a time traveller too. In fact, I’m doing it right now.

I go forward one hour in time every hour on the hour.

The depth of this recession is absolutely terrifying. These graphs show how bad the situation really is.

Quarterly change in GDP:

Consumer Spending has collapsed in 2020:

Spending has affected every category except the important things:

Meanwhile people are saving like mad! One dollar in five is going into the bank:

All this is from statistics which were taken before the Stage 4 lockdown in Victoria so it can only get worse.

What you show there Brucy is what used to be classified as a
HEALTHY ECONOMY??
People not spending needlessly?
People putting mnoy away for a rainy day ?
People cutting down on borrowing ?
Inotice the ozzies are still pissing it up though !!

Donkeyman!

Something tells me that this recession is already almost over: Brexit latest: Don't need the EU! Orders for UK manufactured goods at highest for 6 years | UK | News | Express.co.uk (1st article)

I like it Percy !!
Wait till the fisning boats sail again?

Donkeyman!

I’m waiting for a tangible recession, not a number driven one.:lol::lol:

Hi

This recession is not over, it is only just beginning.

The UK is a Serviced based Economy, so travel and Tourism is a big issue.

Forget negative growth, a recession should be judged by the length of the queue, to the Soup Kitchen.

Exactly and irrespective of anything food Banks should be replaced with food kitchens.

I dont think you can remember the British Canteens can you
Todgy ??
There used to be one in every high street and in quite few back
streets as well !!
Half our street used to eat there for quite a while .

Donkeyman!

Not sure what they were called but I do remember a free soup and hot food shop in the street next to where we lived before moving out of Manchester.

Dont think they were free Todge, but very cheap about a bob a plate
if l remember right !

Donkeyman!

AFAIK the place in the next street was free. I THINK it was run by the Quakers (Society of Friends). A group of people that admire greatly.

Heaven forbid real hard times never return, a blip on a balance sheet is Ok, damage limitation.

To be honest I believe that “hard times” are inevitable.

So do I, but, that belief for me has been there for many years, not just a reaction to present circumstances, something will trigger it, based on previous assumptions, maybe not this crisis.