Britain IS in recession and 500,000 will lose their jobs by the end of the year, CBI warns

Britain IS in recession and 500,000 will lose their jobs by the end of the year, CBI warns

The grim forecast is the first warning from an authoritative UK source that the world’s fifth-largest economy has plunged into negative territory.
Last week, the European Union and the Organisation for Economic Co-operation and Development gave similar warnings.
Richard Lambert, director general of the CBI, said both businesses and consumers are suffering a ‘very uncomfortable time’. Although official figures do
not confirm the country is in a recession --defined as two consecutive quarters of negative GDP growth - Government statistics often lag behind the true state of the economy.
The latest figures, for April to June, show GDP growth was 0 per cent
http://www.dailymail.co.uk/news/article-1055800/Britain-IS-recession-500-000-lose-job-end-year-CBI-warns.html

This says it all doesn't it? The lying, deluding toe-rags just can't say it as it really is.
And there was I, believing Chancellor Brown all those years when he was incharge of our economy. As if I would be so dumb!!

The Labour Party told me where they were coming from, on the first day they came to power in the nineties.
They gave free reign to The Rothschilds controlled Bank of England and we have " B O O M E D & B U S T " in consequence!"

And if you Americans still think you are free from their 'piggy' clutches; then why has the British taxpayer had to "gaurantee"
almost $160 Billion to stop British banks from going bust? Yet it appears American banks are going to be sacrificed!
Bank of America in talks to buy Merrill Lynch
Lehman Brothers teeters on brink of bankruptcy as BoA and Barclays abandon rescue negotiations

They came, they walked away from Lehman
Barclays bears up to pressure
In the end, the refusal of the US Treasury to offer to shoulder at least some of the risk seems to have blunted Mr Diamond's interest. “Somebody needed to blink and nobody blinked,” one source familiar with the negotiations said last night.

They wouldn't know " tight fiscal policy " if it jumped-up and smacked them in their faces!!
It really doesn't matter who you intend to vote for; they are all dancing to the " Rothschild" Rant! GJ (UK_