• IMF publicly criticises George Osborne for UK austerity measures
    12 replies, posted
[url=http://www.guardian.co.uk/business/2013/apr/16/imf-pressure-george-osborne-cuts]Source[/url] [B]IMF puts pressure on George Osborne with criticism of cuts[/B] UK is singled out as country that should adopt less aggressive approach as IMF publishes report on world economic outlook [QUOTE]George Osborne is under mounting pressure to moderate his austerity strategy after the International Monetary Fund went public with fears that the pace of budget cuts is too severe for Britain's ailing economy. The fund said it would be holding talks with the chancellor about his tax and spending plans in the wake of gloomy forecasts that subjected the UK to the biggest growth downgrade of any developed country for 2013 and 2014. Olivier Blanchard, the IMF's chief economist, singled out Britain as a country that needed to adopt a less aggressive approach to deficit reduction. Speaking at the release of the fund's half-yearly World Economic Outlook (WEO), Blanchard said: "In the face of very weak private demand, it may be time to consider adjustment to the original fiscal plans." The call came after the IMF shaved 0.3 points off both its 2013 and 2014 growth forecasts for the UK, saying it now expected the economy to expand by 0.7% this year and by 1.5% in 2014..[/QUOTE]
but but but benefit claimants are all lazy worthless scroungers
"Don't worry guys! If we spend less money, the economy will grow, trust me I know what I'm doing." [img]http://the-shame.co.uk/wp-content/uploads/2013/03/george-osborne-pic-reuters-235439868.jpg[/img] -This twat, 2012.
It gets so depressing reading this financial doom and gloom every day. I am filled with resentment of the previous generation for allowing their greed to get us into this mess to begin with. I'm now tasked with the job of saving £20,000 before I'll be considered for a mortgage with a reasonable rate, having to work two jobs and watch how my money barely stretches the month all because these fuckwits cut corners over a decade ago.
[QUOTE=sam.clarke;40312709]It gets so depressing reading this financial doom and gloom every day. I am filled with resentment of the previous generation for allowing their greed to get us into this mess to begin with. I'm now tasked with the job of saving £20,000 before I'll be considered for a mortgage with a reasonable rate, having to work two jobs and watch how my money barely stretches the month all because these fuckwits cut corners over a decade ago.[/QUOTE] What pisses me off is that all the folk at the head of the banks responsible for their shitty policies, haven't had anything happen to them. They shot the economy in the face and they all got sacked from their previous positions and most of them are now running other companies at the top again. They haven't suffered at all but everyone who pays taxes has picked up the bill for their cock ups.
Yeah don't penalise the responsible - penalise EVERYONE ELSE. Privatising profits and socialising losses is disgusting.
[QUOTE=Pierrewithahat;40312740]What pisses me off is that all the folk at the head of the banks responsible for their shitty policies, haven't had anything happen to them. They shot the economy in the face and they all got sacked from their previous positions and most of them are now running other companies at the top again. They haven't suffered at all but everyone who pays taxes has picked up the bill for their cock ups.[/QUOTE] But are they really to blame? The policies of 'failed' banks like RBS, Northern Rock etc. were no different to those of HSBC and many others. Would you blame the bankers or maybe the FSA who failed to enforce regulations? What about Gordon Brown who actually created the FSA? The crisis is so complex that you can't simply prosecute one set of people.
The Serious Farce Office (SFO) and the Fundamentally Supine Authority (FSA) couldn't regulate a fucking nursery.
[QUOTE=butt2089;40316093]But are they really to blame? The policies of 'failed' banks like RBS, Northern Rock etc. were no different to those of HSBC and many others. Would you blame the bankers or maybe the FSA who failed to enforce regulations? What about Gordon Brown who actually created the FSA? The crisis is so complex that you can't simply prosecute one set of people.[/QUOTE] Why not blame each party for their respective misdeeds/failings then?
[QUOTE=WeekendWarrior;40316154]Why not blame each party for their respective misdeeds/failings then?[/QUOTE] How would you apportion blame? Personally, I think the only blame or prosecution that could be brought is fraud
Bloody rich of the IMF, they were the fucking morons who got the calculations wrong and convinced us into austerity.
Osbourne's a bellend, whenever he gets brought up I feel this picture echoes the voice of a nation: [IMG]http://s3-ec.buzzfed.com/static/enhanced/webdr01/2013/3/20/6/enhanced-buzz-29365-1363776304-0.jpg[/IMG]
[QUOTE=FlashMarsh;40319906]Bloody rich of the IMF, they were the fucking morons who got the calculations wrong and convinced us into austerity.[/QUOTE] They still seem okay with enforcing vastly harsher austerity in Greece and Portugal
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