Tag Archives: recession

House Building

Lord Soley 23/08/2010 – 7:00 am

I notice that £1bn has been wiped of the share value of the UK's seven largest house building companies as a result of the government's programme of cuts. I think this is one of the tests of the economic theory about another recession. The multiplier effect of this and the likely unemployment that follows may well show that we are heading for a another recession.

The Budget

Lord Soley 21/06/2010 – 8:00 am

I await the budget with interest. I fear the Government is going to push us into a home produced recession following the international one. It is the combination of cuts and rising unemployment and lack of investment in the infrastructure (dare I mention Heathrow!). Put together they take a lot out of the economy just when the recovery is fragile. I think the government needs to re - read Keyn […]