tag:blogger.com,1999:blog-34112832.post335896225901110294..comments2023-11-05T09:37:36.840+01:00Comments on A View From Rural Wales: Bleaker by the day.Glyn Davieshttp://www.blogger.com/profile/10442114752573417252noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-34112832.post-41942554198040243702009-01-11T08:43:00.000+01:002009-01-11T08:43:00.000+01:00Oh brother, u read about this Glyn? In Today's Te...Oh brother, u read about this Glyn? In Today's Telegraph: <BR/><BR/>"The Bank of England will be able to print extra money without having legally to declare it under new plans which will heighten fears that the Government will secretly pump extra cash into the economy."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-78770559505393124692009-01-09T21:38:00.000+01:002009-01-09T21:38:00.000+01:00The 'situation' for Wales can actually be brillian...The 'situation' for Wales can actually be brilliant. Wales is of a size and has assets of a certain magnitude that vast improvements in the economy are eminently possible. Wales just needs common sense and leadership from the Welsh Assembly Government (WAG). Sadly, we have as one reader put it today: "in Wales we have witnessed some of our AMs claiming for non-essential items, claiming for second homes when living within travelling distance from work and also claiming travelling allowances." <BR/><BR/>Source: <BR/>http://www.walesonline.co.uk/news/letters-to-the-editor/south-wales-echo-letters/2009/01/09/why-wales-is-now-behind-singapore-91466-22650089/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-86612164687654584282009-01-09T14:31:00.000+01:002009-01-09T14:31:00.000+01:00Anon - It was what he said when delivering his Pre...Anon - It was what he said when delivering his Pre Budget Statement before Christmas. More importantly, it was the basis on which he predicted that next year's borrowing requirement woulfd be £118 billion, which is an unprecedented figure in itself.Glyn Davieshttps://www.blogger.com/profile/17344589217554138315noreply@blogger.comtag:blogger.com,1999:blog-34112832.post-23308341387015927492009-01-09T13:51:00.000+01:002009-01-09T13:51:00.000+01:00The situation is indeed grim, and I fear some more...The situation is indeed grim, and I fear some more high-profile casualties are not far away. Electrical retailers, clothing firms and at least one MAJOR manufacturer will be gone by March at the latest. Reducing the interest rate to improve lending is like lowering the price of milk when the cows have stopped producing through lack of grass! Printing more money, trying to offset deflation with Zimbabwean tactics is high risk. What we have to accept is that the defensive sea walls have been breached. Robbing stones from the houses to shore it up is futile. Retreat to a new smaller defensive line to fight the flood of recession. Re-capitalise the British banks to form a new national bank; improve the lot for savers even at the expense of borrowers. Government to provide low-interest loans to firms who can't get credit from the banks. This will allow the banks to improve their asset to leverage ratio. Face the facts that some jobs will be lost. Our economy was floating on a bubble of debt, it CANNOT be maintained at 2007 levels. Some shrinkage will happen. Don't burn your life boats to fuel the boilers of the water pumps!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-55265778249777199882009-01-09T10:59:00.000+01:002009-01-09T10:59:00.000+01:00".....But its chances of becoming a best seller ar...".....But its chances of becoming a best seller are probably rather better than the likelihood of the Chancellor's prediction that the UK will exit recession by July will be achieved."<BR/><BR/>Where is this quote from Glyn? If he thinks we believe that the recession will end by July, he's got nothing but contempt for the electorate of this country!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34112832.post-55599152618647115232009-01-09T10:02:00.000+01:002009-01-09T10:02:00.000+01:00Dewi -thanks - corrected.Dewi -thanks - corrected.Glyn Davieshttps://www.blogger.com/profile/17344589217554138315noreply@blogger.comtag:blogger.com,1999:blog-34112832.post-46588062024108353992009-01-09T07:38:00.000+01:002009-01-09T07:38:00.000+01:00I think it's Garel Rhys with an "e"?I think it's Garel Rhys with an "e"?Dewi Harrieshttps://www.blogger.com/profile/03309285850974349920noreply@blogger.com