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The next company to look like its teetering with the rocks of death is HMV .

For some reason Music retailers have been hit hard recently , it seems people going online to do most things these days is having an effect in the High Streets and Retail Parks of this country.

It was interesting that HMV divested Waterstones recently .

Yet more grim economic news published today - another dollop of evidence that George Osbourne's strategy has failed.

The public knows it. The International Monetary Fund knows it. The credit rating agencies know it. Even George Osborne knows it, although he can't bring himself to admit as much.

How do things stand for the economy after two and a half years with the coalition government at the helm?

National output has just contracted for the fourth quarter in the last five. The only quarter of 2012 in which the economy expanded was the one that contained the London Olympics, and unfortunately for the chancellor these sort of jamborees happen once every half century rather than once every three months.

During 2012 as a whole the economy registered no growth at all - zero!

We will get all sorts of excuses trotted out to explain away why it isn't the Government's fault that three years after the recession first ended the UK economy is still contracting. Sure, the crisis in the eurozone hasn't helped, rising commodity prices (bigger dividends for City Fat Cats?) have raised business costs and acted as a brake on consumer spending.

But Osbourne has sucked demand out of the economy by raising taxes, cutting welfare and taking the axe to capital spending programmes.

Politically as well as economically, these figures are a disaster for the Coalition. It ensures the next few months will now be spent squabbling whether the UK is heading for a triple dip and how soon the credit rating agencies will strip Britain of its AAA credit rating. When that happens – as it almost certainly will – Osborne's strategy will be in complete tatters.

And what is really frightening is that we have to endure two more years of his blinkered incompitence.

This government is hellbent on punishing the poorest in society and this isn't a recession, it's a robbery! Syphoning public money into private pockets as fast as humanly possible.

We all understand that the country had a deficit to deal with, but this government have proved that they don't have a clue with us sliding into this triple dip recession. Osborne is simply a buffoon and is the wrong man in the wrong job, Cameron is more interest in appeasing his back benchers and telling us we are all in this together when we are clearly not.

One of the biggest capital projects the country will build in a generation is being held back by opposition to HS2 , its these projects that need to start and start very soon.

When these big projects start it will kick start the economy , but it looks highly likely that wont start before 2015 at the earliest.

(25/01/2013 15:20)wirralbus Wrote: [ -> ]One of the biggest capital projects the country will build in a generation is being held back by opposition to HS2 , its these projects that need to start and start very soon.

When these big projects start it will kick start the economy , but it looks highly likely that wont start before 2015 at the earliest.

Will they? Not too convinced, unless steps taken to maximise UK input (jobs and supply chain), and action to minimise profits being syphoned-off into overseas tax havens rather than re-invested in UK plc.

I see Gideon has lost the UK economy our AAA rating.

Even some Tories are waking-up to the fact that he would rather run the economy into the dirt that admit his economic policy is wrong, with millions of familes suffering because of one idiot's stubborn ignorance.

Think about it - the 'bedroom tax' will hurt millions of poorer working families from April, whilst the City Fat Cats that get paid over a million this year will have their tax bill cut by around £50,000. Are we really all in it togther???

About time people stopped putting up with it and started getting angry.

This is just Thatchers government all over again, the buffoon that is Osborne hasnt got a clue, he shouldnt have been given the job in the first place. We are all in it together, yes to get poorer and ensure that the rich get richer.

AAA rating would have been lost by who ever was in power be it Conservatives , The Coalition or Labour .

(25/02/2013 09:44)wirralbus Wrote: [ -> ]AAA rating would have been lost by who ever was in power be it Conservatives , The Coalition or Labour .

Er, don't be so sure - the reasons behind the decision directly relates to Gideon's/Govt's macro-economic policy and its p**-poor growth strategy.

Bank of England looks like it will have to step in again to prop-up confidence in Stirling and pump money into UK plc as the £ even lost ground against the Euro-corpse currency over the weekend!