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Thread: Bord Gáis warns of 'big social recession'

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    Default Bord Gáis warns of 'big social recession'

    RT News: Bord Gis warns of 'big social recession'

    Interesting comments -we may hear that the economy is officially out of recession but with the budget from hell in December and increasing interest rates next yeay many people will be unable to keep their heads above water

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    Quote Originally Posted by jacko View Post
    RT News: Bord Gis warns of 'big social recession'

    Interesting comments -we may hear that the economy is officially out of recession but with the budget from hell in December and increasing interest rates next yeay many people will be unable to keep their heads above water
    That's gas.
    Still it is good to know that all the BGE employees got a 3.5% pay increase last year!

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    You better get used to this, we have a 3rd World economy. More and more of our income is used up just trying to survive. The final straw will be when no food is provided in our hospitals, it's up to relatives to provide your food when you are a patient, as is the norm in Africa.
    'We are all lying in the gutter but some of us are looking at the stars'

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    Politics.ie Member gijoe's Avatar
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    Quote Originally Posted by grainne whale View Post
    You better get used to this, we have a 3rd World economy. More and more of our income is used up just trying to survive. The final straw will be when no food is provided in our hospitals, it's up to relatives to provide your food when you are a patient, as is the norm in Africa.
    Ireland really is a lower income EU country living the high life paying for itself on the never never. A tax base of €30-40billion must be regarded as the norm rather than the exception in which case spending €55billion needs to be slashed to measure.

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    This is a very serious development. If Bord Gais are coming out publicy using these terns then we could be heading for real trouble. Other posters have debated NAMA 2.0 with mortgage defaults, thankfully rate hikes are a way off (good for Trackers) but a tipping point may arise where widespread domestic bankruptcy could happen due to the reduced disposable income with increased taxes, job losses and reduced welfare spend. Even if we avoid a double dip, it will feel like one. I hope this government has a plan.

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    Did you read where they say they can continue to give discounts? Surely they are charging market rate.

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    Politics.ie Member Mitsui2's Avatar
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    Quote Originally Posted by the_rebubblican View Post
    I hope this government has a plan.
    Odd - that's exactly what frightens the daylights out of me - that the government has a plan.

    But then you're probably talking about a plan that would be of some use to the general public, and that's not the kind of plan I'm frightened of.

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    Politics.ie Member Mister men's Avatar
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    Bord Gais point out the obvious shocker.

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    Politics.ie Member Asparagus's Avatar
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    FF bring you "The Big Switch 2- Emigrate Please"
    ANGER IS A POLICY, GET OFF YOUR KNEES

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    60/5*24*365=105120

    105120 customers in trouble with their gas in a full year?

    Shocking

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