Help Sitemap Home Skip Navigation Contact Us Disability Statement


Bill Jamieson: Confidence needed to stop the Recession Express in its tracks

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the The Scotsman site.

Subscribe
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 28 November 2008
CLEAR the line and get out the way! The Recession Express is smashing through a high street near you. Woolworth, MFI and a raft of struggling businesses leveraged to Hell and beyond are being crushed like matchsticks as the Duchess of Doom batters on.
What can be done to halt the runaway train?

Flaky though Alistair Darling's Pre-Budget Report may have been, and its arithmetic as solid as a Northern Rock balance sheet, there are good grounds for believing that this engine of destruction can be...



Page 1 of 1

  • Last Updated: 27 November 2008 9:09 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Bill Jamieson
 
1

Darien,

Panama 28/11/2008 10:35:47
"By this time next year the mood in the housing market and the wider economy will be quite different to the mood now. We will have something approaching hope compared with the fear that is gripping business and household wallets at present."

Many will hope you are right, but I suspect that unemployment will still be rising late next year and well into 2010. And after the UK's post-industrial service economy is more or less wiped-out, with many firms gone to the wall or substantially downsized, what type of jobs and industries, if any, will there be for the displaced masses? For them I think the abyss could still be a better analogy. Darling's notions of forecast recovery is also way off the mark. The UK, like the USA, is an impoverished basket case economy in rapid decline, for which there is probably no economic strategy able to adequately reverse.
2

,

28/11/2008 10:36:05
Comment Removed By Administrator
Reason:
3

,

28/11/2008 10:47:47
Comment Removed By Administrator
Reason:

 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
RSS Feed of this article's comments
Delivery formats: RSS, Atom, Javascript & Email
 
  

 
 

More Opinion

More Opinion >>

More Bill Jamieson

More Bill Jamieson >>

Features

Online Supplements
Paperboy Paperboy Customised news
Scottish Business Briefing Scottish Business Briefing ...Sign up today


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.