So, is the recession over or not ?

JayScottGreenspan

Joeskeppi wrote: »

I only deal in facts, so until the next quarters GDP figures are out, I don't know

They get refined and revised for years after they are first released, and the first release certainly isn't "fact".

halight

I think we will be bumping around at the bottem for awhile. And i also think we will have months that are + and months that are -,
We may also slip back into - grourth at some point when the BOE stops the QE. And you also need to take into account swin flu. if it hit the wourld big time this will set things back too

Thrugelmir

chucky wrote: »

that's doesn't make sense - you can still have a deficit and not be in recession.

As a country , we are forecast to contribute 500 billion pounds in tax revenues to the treasury in the 2009/10 tax year. The current cost of public expenditure per the last treasury forecast is 675 billion pounds.

We've yet to hear from anyone, the basis of a long term plan on how to correct this imbalance. So recession may end. But growth in % terms could be very slow for a considerable period.

chucky

Thrugelmir wrote: »

So recession may end. But growth in % terms could be very slow for a considerable period.

that's what i said

Thrugelmir wrote: »

As a country , we are forecast to contribute 500 billion pounds in tax revenues to the treasury in the 2009/10 tax year. The current cost of public expenditure per the last treasury forecast is 675 billion pounds.

is there data anywhere to tell us where exactly the £675 billion is spent on?

beer_tins

Speaking economically, yes I think the recession might well be over. That doesn't mean everything's going to go back to the way it was overnight, just that the worst seems to be over.

Given that we've been hit pretty hard, the economy improving doesn't mean the outlook is as rosy as it was a few years ago.

slipthru

There going in for a third round of redundencies at my other halfs work place so i'll continue with caution for now.

Thrugelmir

chucky wrote: »

is there data anywhere to tell us where exactly the £675 billion is spent on?

Yes.

http://www.ukpublicspending.co.uk/uk_year2010_0.html

StevieJ

chucky wrote: »

that's what i said



is there data anywhere to tell us where exactly the £675 billion is spent on?

Yes interesting what may be subject to change depending on the economic environment.

kennyboy66_2

chucky wrote: »

that's what i said



is there data anywhere to tell us where exactly the £675 billion is spent on?

http://www.ukpublicspending.co.uk/budget_ukgs.php

There you go.

Not sure if they can keep up with the governments changing numbers, but it gives the best idea of the split.

StevieJ

kennyboy66 wrote: »

If there was "no confidence" we would be permanently in recession.

It is confidence that make individuals and business invest and innovate.

I would not be looking to get into BTL at the moment or take a loan to buy a new car (next year for that), but often a recession is one of the best times to start a business.

To true Kenny, to mess about with that line in New York, New York.

If you can do it then you can do it any time