O
oompah
Mervyn King the governor of the BOE says we are in recession.
Can anything be done to prevent these cycles of boom and bust?.
I can remember the then chancellor D Heally back in 1976 going cap in hand to the IMF to bail us out.Thatchers government of mass unemployment and recession in the early eighties and now the recent bail out.
No matter who is in government their policy's don't seem to be any better than previous ones.
Incidently Mr King is about 12 months behind,the industry I work in(making and suppling kitchens)as been in the doldrums for a good 12 months.
Don't like to be all doom and gloom we are now mortgage free!(the wife and me that is).
Can anything be done to prevent these cycles of boom and bust?.
I can remember the then chancellor D Heally back in 1976 going cap in hand to the IMF to bail us out.Thatchers government of mass unemployment and recession in the early eighties and now the recent bail out.
No matter who is in government their policy's don't seem to be any better than previous ones.
Incidently Mr King is about 12 months behind,the industry I work in(making and suppling kitchens)as been in the doldrums for a good 12 months.
Don't like to be all doom and gloom we are now mortgage free!(the wife and me that is).