Inastew, I wish you remembered the dross you have written.

You keep changing your mind why car production ceased at Dagenham, now your trying to blame this on Labour strangely upsetting Ford.

How very sad Inastew.

Matthew
Note that in the pre-budget forecast of June 2010 - that is the economy this government inherited - the OBR forecast in Table 3.1 that unemployment in 2012 would be 7.4%.

http://budgetresponsibility.independent.gov.uk/wordpress/docs/pre_budget...

Their forecasts for employment were 29.0 million in 2011; 29.3 in 2012; 29.6 in 2013 and 29.9 in 2014.

By the November 200 Budget the numbers had fallen to
29.2 in 2011; 29.1 in 2012; 29.2 in 2013 and only 29.4 in 2014, down half a million from 18 months earlier.

(http://cdn.budgetresponsibility.independent.gov.uk/Autumn2011EFO_web_ver...)

Employment in sept-Nov 2011 according to yesterday's ONS release was 29.119 million and falling. They are forecasting a unemployment rate in 2012 of 8.7%.

Looks like they are going to have to revise down their employment estimates once again.
Danny Blanchflower

poor foxy
he's been going on about lagarde attacking osborne for 6 months... onto some other nonsense foxy.
Mr Blanchflower, last year you were paid by NS to write a piece which you titled 'lagardes damniung attack on Osbornoimics'or something like that- I arguesd it was politically motivated garbage and it was clear to see from her speech u were talking rubbish. Now I'm right.
Where are you on this?? is this like your economic arguments?? turns out u were wrong all along??
'Former French finance minister Christine Lagarde (right) recently recommended that some governments had scope to slow down austerity measures in the face of strong economic headwinds.

But yesterday she stated that the UK is not one of them. “Those countries that have fiscal space and that can slow down their fiscal consolidation efforts are very few, and I’m afraid Britain is not in that particular group,” '
Why do we keep having to hear your views that goy us into this mess-AWAKE!!!!!
Where is the English lion's heart? we keep getting served drivel as research/ideas, we're rightly not interested since we are LIONS after all... and then the clowns blow the econmy up...
They must pay their price... all those who supported their nonsense also

Maggie (the greatest leader ever) managed to win several elections with very high unemployment.

It is just useless layabout socialist losers who can't get a job.

There are loads of jobs out there, you loony lefities just need to understand about working for a living for the fisrt time in your pathetic lives.

The public sector gravy train has been decommissioned, time to get a life.

One other thing.
What did Gordon Brown squander most of it on ?
Quangos & other junk that's never going to create wealth but instead be a burden & black hole for taxes along with the interest payments just to even service the loan let alone pay it off.

Another nail in Osborne Economic Strategy.

Begbies Traynor has warned that the UK economy has hit rock bottom with company distress biting across almost every sector and region.

The company's Red Flat Alert - a quarterly benchmark of company distress - shows a 24% year-on-year increase of companies facing 'critical' levels of financial distress in the fourth quarter.

Many key sectors face significant rises in critical financial distress, including:

* Automotive - 14% increase

* Construction - 13%

* General retailing - 26%

* Professional services - 61%

* Property services - 30%

* Travel and tourism - 56%

And it says the South East's resilience to the recession is punctured with a 33% year-on-year increase in 'critical' distress and 19% rise in London.

Scotland also shows increased critical financial distress, as the public sector cuts now start to bite.

@matt

did you not do Netwons 3rd law at school (may be you too went to a 'satifactory' comprehensive and so are self taught)

Its all about action and reaction.

Labour caused it -- after all it was you who highlighted the biggoted prejudice towards people who had right wing views which were put ahead of the national interest.

Cloddite, still nothing worthwhile to contribute, is your " mate " still hard Ed Balls?

Christine Lagarde gave an interview tonight that the UK coalition was pursuing the correct economic policy of Austerity, at the right speed. In her view and shared with consensus in IMF it was not an option to spend our way out of this problem.

And growth forecast for 2012 & more in 2013 that would ease unemployment.

Although unemployment would have been helped if Labour had saved some during the boom years to spend on infrastructure spending during the downturn. Wishfull thinking

Poor Christine & the IMF obviously hadnt read Dannys cobbled together article

HELLO!! Who ever said Labour's debt reduction would be easy? Labour spent 13 year's decimating the private sector with its endless tax rises and regulations in order to squander on the public sector. Welcome back to the real world. Welcome to Labour’s legacy. Are you finding it awfully tough lost your final salary pension, no pay rise, having to compete in a shrinking Labour market with thousands of immigrants workers willing to work for f**k-all. That's what millions of working-class English people deal with on daily basis has-done-for-years. It's your own political elite that find itself with its political knickers in a twist. Who ever said Labour’s [DEBT] reduction would be short lived and painless, after the billions squandered by Labour on state education, why do we find many employers looking to employ overseas graduates? The social and economic damage inflicted on this country by the now totally discredited Labour party will take over a decade to repair. I desperately hope Mr. Balls ever holds that little red box, because if he ever did this country would sink into the abyss. Labour now clearly understands its mistakes. But what is your alterative more Socialism? Businesses need a strong stable government. At this moment Labour offers no credible alternative to responsible government.

Jen
You drive people off the register and fiddle the figures.Its an old Tory trick that keeps trolls like you happy!!

@matt

"you haven't been prepared to blame Jack Nasser until now"

What are you on about now? Are you looking for an opportunitistic bandwagon to jump on or something?

You lost that argument a long time ago. As you correctly highlighted and worked out for yourself, arrogant Labour biggots hacked off Jack (you said because of his right wing point of view -- but business is business and Labour should not have let its ideology get in the way of British jobs) and would not extend the support to Ford to retool Dagenham because of it. It would have been less money than Labour pissed away each week before 2008. Thats historical fact Matt. Only the elite that your supported can blame itself for putting their own greedy interests first rather than the nation's interest.

Why didnt Labour spend more of the £350Bn it borrowed before 2008 on affordable housing? Was it something to do with using the money in other ways to win votes?

Quattro Man,

You left out the approval rating for this Government from the YouGov survey, which is -21%. This shows 53% of those surveyed disaproving of the Government's record to date, 32% approving and 15% who didn't know.

So it would be more accurate to say (if this is a representative sample) that more than half of the people in the country dissaprove of this Government while less than one in three people approve of it.

@matt

General construction is cyclical. It will catch up in a couple of year time for any reduction now. When it does it stimulates the economy and the challenge will be for the government to hold it down. Labour to totally incapable of doing this which is why they messed up the UK economy (fixing the roof whilst the Sun shines).

You are right about Manufacturing. It is declining but at a slower rate than under the last government inspite of the recession. How do you explain that Matt?

The OBR is building up its experience and information base so its forecasting is getting better e.g. they should have given more weight to the predicting the Euro crisis and its impact. It might take the OBR 5 years to get fully up to speed. But the OBR is a growing asset to the UK.

At least now the forecasts used by the government are done independently and are not biased by Ed Balls or anyone else to support the governments objectives. The nation is so much better off for the OBR.

Miliband supports the OBR. He does not want Labour to go back to the Ed Balls days.

Quote:

Iain Duncan Smith's popular promise to reform the system to "make work pay"

Response:

Well Ian Duncan Smith - how can you seriously make work pay if all your doing is putting the unemployed on the useless 'Work Programme', then the private providers put you on a placement at a firm or charity for 30 hours a week and don't pay you, they expect you to do this for your dole money, but say's nothing about the profits you'll earn for that firm while your working there for free, THAT'S SLAVE LABOUR - PURE AND SIMPLE - AND IT IS ILLEGAL. I hope the unions and high courts are reading this and put a stop to the 'Work Programme' immediately.

The law states the national minimum wage is £6 odd an hour.

5 years to get up to speed, howls of laughter you silly sausage.

The sun always shines on the righteous Inastew, is that why you are always in the dark?

Will Construction catch up in the same way, that we will catch up with US economic growth, Inastew, remember that howler.

When you say Manufacturing is declining slower, do you domestically or exporting sector?

Don't forget the euro Inastew, a weak euro will only hurt more British Jobs and increase our woeful trade deficit.

You have stopped talking about trade deficits for a while Inastew, why is that ?

I really wish channel 4's programme 'Dispatches' would investigate the governments new Work Programme fully.

From the Jobcentre referral to the private provider, to being passed on to one of their partners, to being put on a placement at a firm and not paid for the time they are working there.

I wonder how many firms and private providers are profiterring from this.

@privet
Danny is under pressure to lets his political allegance influence his independent professional judgement. He should make it clearer which is wins through.

Not fooled - just do not care...
just wish the political class would leave us happy peaceful scroungers alone !

@matt

The trade deficit is awful. The measures to fix it are
- higher VAT (think Denmark) as in import tarriff and to progressively tax domestic consumption
- lower CT to attract profits to the UK
- AAA and QE to help devalue the currency
- cut government borrowing to reduce imports sucked in
- etc

In other words, dont vote Labour.

Go back and look at history for 500 years to understand construction. Buildings get built, its just a question of when.

Government sponsored building is different. Take Labour and affordable houses for example.

Why will not say whether you agree with Bob Crow? Is it because you disagree with him but cant diss a friend?

Pitty Labour shut Dagenham Fiesta. It was you who pointed out the biggorty of the Labour elite. They hacked off the US management team.

@matt
Er what? Now you are making it up telling it through your teeth. How very Labour spin.

Go read all the other posts and your concurrence to the reasons behind the massive damaged done by Labour to UK manufacturing. What they did to a "grubby" manufactures like the jewell of Dagenham Fiesta was just a start. Not enough champaign and canopes City brunches at important meetings at Dagenham unfortunately for all those good people.

Indu 1 Fox 0 (remember)

Unemployment and statistics mean fa the fact its coming down is based on slave labour workfare schemes created by jobcentre tesco, asda, pound strecher, a4e, placements no real jobs or living wage to get you off the dole just gimmicks.

Prof Blanchflower are you ever going to pen an article on the historic low interest rates and deficit coming in under target?

Anyone would think you were just a member of the labour party just following a script, than someone I could respect even if I disagreed with their premise.

Pick and choose Prof, that's what you do.

@matt

Its basic maths Matt (since you dont know Newtons laws doubt you are strong at adding up either) but 2.5% is rounded to 3%. Are you sure you did not go to a Labour comprehensive as bad as mine - I watched the Labour philosophy in action destroying hundreds of kids opportunities?

1) Matt, suppose we have 300,000 public sector workers recruited by Labour with the £350Bn the borrowed but who we can no longer afford to pay. They cost an average of £30k per year for the state to keep.

If we cut the roles through natural attrition and unemployment benefit costs the state £7k per year, what is the deficit reduction effect?

2) If we have 300,000 imported workers who cant find a job but live on UK benefits which are better than at home, what is the cost to the UK tax payer?

3) What is the interest on the £350Bn borrowed by Labour before 2008 and how many jobs has it cost the economy?

Matt you silly chipolata

British Chambers of Commerce (BCC).

The report predicts the UK economy will remain stunted until mid 2012 at which point growth will accelerate.

Accelerate Matt to create jobs, its a shame we didnt have reserves in between 2009- 2013 to help our unemployed Matt thats the real hardship, why did Labour cause such a deficit Matt? please explain if you have any comments other than offensive name calling
you never seem to answer anything, why is that?