Its official. The recession's over.

[Ed]

We're performing well again!!!! - oh the lies they tell. Still, if you're going to tell a lie, make it a whopper. Brown and his cabinet need to come to Shrewsbury for one of their Thursday meets and find out what life is really like. I haven't done a business sale for -- oh ages. I have plenty of clients wanting to sell, only they can't - at any price. Banks won't lend on some businesses, especially pubs and restaurants. Pubs have a very big black mark. Restaurants - not likely to lend unless there's a really good trade that doesn't depend on the owner. Retail - still difficult. Industrial - forget it. Services - well maybe, depends what it is and the strength of the business plan.

I can assure you, things are not back to 'normal' - whatever that might be. Life is damn tough, it's always hard to make ends meet. This month particularly so, we still rely too much on resi (cos there is so little business work) and the snow put people off viewing, so our completions board is looking very thin. It will pick up a bit in the Spring.

But mega exciting, we're launching two new businesses, both joint ventures, in March - one is a HR/employment law consultancy (I do a huge amount of employment litigation), the other a wealth management company with a local financial advisor. We decided that buying another law practice was simply too risky, we'd inherit someone else's risk management nightmares. So instead we're looking at complementary businesses where we can make some £££ using someone else's skills. It's looking good:p

[anna]

It is only by 0.1p!!!! Wait until they stop the quantitative easing!

Hope the new business ideas work out well for you.

[5hort5]

Nice one Ed, sounds like a good plan and it all helps the economy, I hope it goes well for you, personally though I have noticed my shopping bill week on week is more and apart from that I haven't noticed a difference in recent months.

[davepreston]

ed is that like when that nice man bush sat on a aircraft carrier 10 mile away and told us the war was over WHILE we were getting mortered, maybe it just takes 12 months to filter down to grass roots level or is that just the time it takes for their lies to actually come true

[Richie]

********... it's still hard times up north...

[Stu]

Its official. The recession's over.
Gee's a job :(

[Bibio]

bo11ox......

[beabert]

what do you expect at 0.1???

[Bri w]

********... it's still hard times up north...

By 'eck lad its cold as well.

Wonder what the figures would be like if they scrapped the car scrappage scheme?

[Von Teese]

I did get a sneaky feeling that they are trying to kickstart a Placebo effect!

[Dicky Ticker]

The Pope is not a catholic and bears don't crap in the woods

-Not in my world it isn't-:(

[wyrdness]

Do we really expect to wake up one morning and everything to magically be back to normal after a recession?

No, because there's always lag. The financial markets are always the first to recover and (un)employment the last. The markets have been recovering for some time now, but it will still take a while for this to have a positive effect on ordinary people.

Think of this as being the start of the upwards climb back to recovery.

[Von Teese]

Damn! Does this mean my mortgates are going to go up again?

[Stu]

Damn! Does this mean my mortgates are going to go up again?
Yes, Inflation is nearly 1% over it's target and people are talking about rates going up soon.
Although inflation would be a great way for the Govt. to effectively reduce the national debt and if they put rates up then the Govt. will have to pay the higher rate on the national debt.
But the recovery is still very shaky so hopefully it won't happen for a long time yet.

[Dave20046]

They've ploughed even more millions (billions?) of pounds we don't have into changing these figures - they better have bloody gone up!

[zsv650]

like **** it is i'm still on a 4 day week.

[Bluefish]

What recession?, that implies that i had money befor that i do not have now, where as i have always been skint.:D

[Spiderman]

Yes i'm still jobless but i feel so much richer knowing we are "officially" no longer in a recession :roll: "Officially" world trade centre 7 also fell down even tho it didnt get hit by any planes and so never suffered the way the much bigger buildings did.

"Officially" = "Believe our lies, cos we do"

[Biker Biggles]

The recession might be over,but the depression has barely started yet.I still have yet to hear of our leader's big idea for the future of our economy.Thats because there is no big idea so its more of the same.With the same result.

[carternd]

What's the population growth ATM? The only real growth is the level of hunger, the rest just seems like c%^p from here. There's got to be a point when people realise that they have enough stuff.

[northwind]

We really are probably no longer in a recession, it just doesn't mean what everyone thinks it means.

[TazDaz]

Well....notice today that 75 more people at my place are on the cards to be made redundant. We have about 5,000 working for us, so it's a minor amount, but still not good news!

The recision isn't over, it was just the last quarter which was marginally better, I wouldn't be at all surprised to see it drop again for this quarter.

[Mike2165]

Great the recession is over....so why is no one buying alarm systems from me then!?

[jambo]

For what it's worth. I think things are picking up. It takes a long time for changes to filter through to all people, but I'm getting more calls about work than I was a few months back, and the housing market (in my area anyway) isn't as bad as it was at all.

Jambo

[Biker Biggles]

Its the prelude to the double dip.Vast amounts of money we havnt got are being blown away to produce a bump before the election.The real reckoning will come later in the year when either the (then)government will pull the plug,or the plug will be pulled for us by the international money men who will stop funding us.Either way the **** will hit the fan in a way which makes the present problem look like boom.

[Tim in Belgium]

I've heard the above a number of times. I wonder how things will pan out...