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The Daily Stirrer

Business Chiefs Fear For UK Economy
by John de Roe.

The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment.
Today's report highlights the concerns of business leaders who, while supporting the coalition goverment's austerity measures aimed at controlling the rinaway public sector deficit are worried that inflation and the crisis in the euro zone may still derail the economy.

Business Chiefs Fear For UK Economy
by John de Roe.
2011-04-09
CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS: money, business, finance, infalation, debt, economy, jobs, living standards, budget, cuts, spending, deficit

Many UK business leaders, including some who backed chancellor George Osborne's spending cuts, have said they have growing concerns about the state of the economy, warning of weak growth and rising inflation ahead.

Former Conservative adviser Archie Norman and ASDA CEO, now chairman of ITV, said the government's growth targets were over optimistic. The former Asda boss joined Carphone Warehouse founder Charles Dunstone, Next retail chain chief Lord Wolfson and Yell chairman Bob Wigley in forecasting tough times ahead as soaring inflation dents consumer spending power, although they all express continued support for George Osborne's austerity measures.

The businessmen's concerns centre on the ability of the private sector to create as many jobs as hoped. "I don't think the private sector is going to be able to pick up the slack in this climate," Andy Bond another former ASDA boss said.

Bond, who ran the UK's second largest supermarket chain for five years, forecast a two-year "retail recession" earlier this week.

He was one of the 35 names who signed a letter to the Daily Telegraph six months ago backing Osborne's plan to slash the deficit and arguing that businesses "should be more than capable of generating additional jobs to replace those pruned from the bloated public sector".

The problem we have is that any further expansion of the public sector by creating candy floss jobs for tax eaters adds to the burden of public spending but allowing unemployment to rise does the same. The Bank of England could easily curb inflationary pressures in the economy by raising interest rates but that would also increase unemployment and might also act as a restraint on enterprise. The purpose of slashing the interest rate at which the central bank lends to commercial banks to an insanely low level ( 0.5%) was supposed to boost the economy and re ignite the housing market but it has failed to do so.

Unfortunately to raise interests rates now would have a further negative effect on house prices and probably lead to more repossessions. Although the recovery (as the government likes to call what has become a slump) so far has been weak and faltering we have to stick with the deficit reduction policy. To do otherwise would lead the UK towards the same financial abyss as Iceland, Ireland, Greece and now Portugal have fallen into . If on the other hand we returned to the loonytoons economics of the last Labour government and the utterly inept Obama administration in the United States, living standards would deteriorate even further."

Rocketing prices for oil, essential commodities like copper and iron cotton and staple foods such as what and beans in world markets are adding to price pressures that have sent inflation to 4.4%, more than double the Bank of England's target. These increases are caused by the rising demand from developing economies like China, India, Brazil and Indonesia exacerbated by political unrest in the Middle East.

The businessmens' warning comes at the end of a week in which major high street names including Halfords, HMV and Mothercare have reported falling sales and wines and spirits chain Oddbins has gone into administration. The illusory nature of the recovery is spelled out by the number of public companies warning of falling profits and reduced dividends.

Inflation is the biggest problem Squeezing incomes as prices rise is never going to be a popular or easy course. An increase in VAT has not made the government's measures easier to bear either. The alternative however, of printing money to service debts, is worse both for business and the public.

This perfect economic storm, predicted by The Daily Stirrer in 2009, means prices are rising across the high street. Next has pushed its prices up by 8% while at Marks & Spencer the average is 6%. To keep a lid on inflation, Marks & Spencer is looking to shift some of its manufacturing out of China to central Asia where manufacturing costs are lower.

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Shock, Horror! Coalition Spending Cuts Cuts Will Mean 50,000. NHS Job LossesPredictably the left are screaming about the claimed 50,000 jobs that will have have to be axed by NHS trusts across the nation to meed government budget reduction targets. What NHS managers are doing however is following in the footsteps of Labour controlled councils and rather than losing the candy - floss jobs created by empire building bureaucrats are slashing front line services to punish users of the service for ...
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Critics of the Ritalin disaster which saw many lived ruined by the prescription of 'bonkers' drug Ritalin for "ADHD" are now getting support from an unexpected quarter. The German weekly Der Spiegel quoted in its cover story on 2 February 2012 the US American psychiatrist Leon Eisenberg, born in 1922 as the son of Russian Jewish immigrants, who was the “scientific father of ADHD” and who said at...

Looming Health Crisis: Wireless Technology and the Toxification of America
As a multitude of hazardous wireless technologies are deployed in homes, schools and workplaces, government officials and industry representatives continue to insist on their safety despite growing evidence to the contrary. A major health crisis looms that is only hastened through the extensive deployment of “smart grid” technology.

Scientific Dictatorship: The Total Surveillance Society Is Coming Soon.
Just because you're paranoid, it does not mean they are not watching you. The totall surveillance society is spreading as fast as your freedom is disappearing. CCTV, Drones, Google data snooping, giant databases, everything you do is monitored and logged.

War On Terror, War On Drugs, Jihad Against Junk Food
why have the elite taken against 'junk food' a concept for which their is no accepted definition. Well there has been talk of a tax on fatty foods but that went quiet when it was pointed out pate de fois gras, Chateaubriand, Steak Diane and other gourmet treats were very fatty.

Monsanto Owns The Life Reproducing Process Says U S CourtPoliticised Judges show bias in finding for the Corporate giant and helping advance its agenda to control the food supply. This is the corporation that wants to make sure nobody ever eats ant product, plant or animal, that is not genertically modified. And the shits who have hijecked our societies, the politicians, lawyers, bankers and scientists are happy to sell us out to these fascists and help create their Brave New World.

Eat Insectes, good food is only for elitists says United Nations

Very survivalist, very Soylent Green. The scientific advisers of that hotbed of elitism where the politicians, international lawyers, bankers and top academics, the U N (United Nazis) has been thinking about the incipient food crisis. And they say the food shopping list of all us ordinary punters in future will include Bread, Milk, Grubs, Beetles, Maggots, Locusts, Worms and Spiders.

The Jihad On Junk Food
You must have grown tired of all the wars governments are fighting. Not shooting wars (although the war on terror is war on an abstract concept) but war on smoking, war on drugs, war on crime, war on anti - social behaviour and the one they will never win, the war on alcohol. Government's must have grown tired too, or maybe