{"id":18960,"date":"2013-01-16T09:23:48","date_gmt":"2013-01-16T09:23:48","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=18960"},"modified":"2013-01-16T09:23:58","modified_gmt":"2013-01-16T09:23:58","slug":"why-were-still-in-recession","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/01\/16\/why-were-still-in-recession\/","title":{"rendered":"Why we&#8217;re still in recession"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.guardian.co.uk\/business\/2013\/jan\/16\/europe-car-sales-plunge-automotive\" target=\"_blank\">Guardian has reported<\/a> that Eurozone car sales were down 16% in December.<\/p>\n<p>Now that is possibly because there were two fewer trading days, but that seems unlikely.<\/p>\n<p>What seems likely to me is that people are saving.<\/p>\n<p>Economic recovery is\u00a0dependent\u00a0upon four things. One is increased consumer\u00a0spending. Another is increased net business\u00a0investment. A third is increased net\u00a0exports. The last is increased\u00a0government\u00a0spending. Those are the four variables in the equation.<\/p>\n<p>What is clear is that consumers are not spending here or abroad.<\/p>\n<p>That means business is not investing and exports are not rising.<\/p>\n<p>So it's all down to government spending. And George isn't playing.<\/p>\n<p>That's why we're still in recession. And why we'll stay that way too, and the deficit won't clear and the debt will rise. It's all rather obvious.<\/p>\n<p>As is the solution. Unless you're George.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian has reported that Eurozone car sales were down 16% in December. Now that is possibly because there were two fewer trading days, but<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/01\/16\/why-were-still-in-recession\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-18960","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=18960"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18960\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=18960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=18960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=18960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}