Jan 13 2009
More Credit Crunch Misery As The UK Economy Worsens
I have to say that I’m sick of seeing Gordon Brown’s face on the news every single lunchtime and evening at the moment. Every day he seems to be giving the green light to new initiatives that will ultimately lead nowhere. Every day he makes promises that any fool can see he can’t keep. Every day there is another news story about redundancies and absolutely nothing is being done to halt the credit crunch at all. Well, it’s time to put up or shut up because the credit crunch got a whole lot worse when economists asserted today that not only is the economy at its worst level since the 1970s but also that it is heading towards meltdown not seen since the end of World War II. Then there was a major excuse. Now all we have are sorry excuses for politicians and bankers that got us into this mess in the first place.
In the last couple of weeks there have been numerous companies announcing redudancies - JCB, Nissan, Marks & Spencer, Barclays, Wincanton, Wedgewood, Land Of Leather, Woolworths, Adams, MFI… the list goes on. All are massive companies, but small businesses are faring just as badly. All this points to the next set of unemployment figures that are published exceeding the 2 million mark and there is still no end in sight. The banks still will not lend despite the bail out being paid for by the people that need to borrow money. The High Street is still suffering via falling sales. The national economy is now expected to fall by 2.4% rather than the previously predicted 2.2%… and still there is no national recovery plan. The future is bleak and cold and incredibly scary, and yet that idiot of a Prime Minister continues to make promises and initiatives that are useless to us.
None of the politicians in charge of this country know what it feels like to go to bed early to save electricity. They have no clue what it feels like to toast bread that is stale to try and save on the food budget. They are not huddled in their living rooms wrapped in blankets rather than putting on the heating. They have no idea what it’s like to trawl free samples websites to find stuff that they can use instead of spending money. They don’t have to do any of the above and so simply patronise us when they say they know how we’re feeling because they don’t. If I sound angry it’s because I am angry… and I’m fed up of seeing hard working people ground down by life, losing their homes and struggling to feed their children when this is none of their fault. The credit crunch is down to the fat cats that took one too many risks.
The worst thing about it is that I can’t see any end to it and neither can economists. It’s going to get a hell of a lot worse before it gets any better. That, aside from death and taxes, is the only thing that is certain in British life at the moment.
