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MSE News: UK economy out of recession – just
Comments
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your all missing the point, recession or no recession the economy is only 95% of what it was over 18 months ago... at the rate of 0.1 or even 0.4 per Quarter. we will never CATCH UP where we was heading before the recession. And we are around say 10% behind where we should have been.
So you think ever expanding growth is possible?0 -
HAMISH_MCTAVISH wrote: »The UK economy grew by 0.1% in the last quarter of 2009.
Note however, that previous quarters have been revised upwards once the full data is in.
:j
:beer:
You like your stats don't you... previous quarters are been revised upwards... so these will I take it!
reminds me of a old saying I used to hear a lot
HOUSE PRICES ALWAYS GO UP... pmsl
the only way that feels right is if you add the comment, IF YOU TAKE A 25 year rolling average... on a L4L basis... lol if they did... I'D AGREE!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
So you think ever expanding growth is possible?
I don't work in treasury... but I would think it would be a good start/ assumption. UK empire was built around this principle I would have thought, although I don't know for a fact.
I just would have thought the UK would plan to be in the top Quartile of the world growth... what ever that rate may be?
While our country has been in a recession, others have grown substantially, and done well.
I wouldnt have thought that was part of the plan... for UK industry to be foreign owned, to be substantially in debt and for unemployment to increase.
Doesn't seem like progress.
However, government can't control UK Greed... speculating, rather than speculating on bread and butter industries and making them successful...
The UK suffered the most as it was banks that messed up... UK was meant to be proud of its financial service centre status... instead ITS ASHAMED. JUST LIKE THE USA... not BECAUSE of the USA.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Lady is doing very well and sends her regards. She's enjoying the hot weather I think Lots of finding little hollows to 'nest' in.
GTS:
Whaddya reckon IM? That about right?
that'll do
i think the simplistic key thing here is that the markets have taken this as bad news, by selling GBP and pushing up Short Sterling Futures, indicating there aint no chance of a rate hike anytime soon.....Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
the UK hasn't got an empire thank god - if you believe that the UK empire was a good thing go and ask what it did to the people in the countries that it owned and stole from... not a great history to be proud of...I don't work in treasury... but I would think it would be a good start/ assumption. UK empire was built around this principle I would have thought, although I don't know for a fact.
no that's not true - the issues are there due to the economy being unbalanced and being over reliant on the services sectors.However, government can't control UK Greed... speculating, rather than speculating on bread and butter industries and making them successful...
The UK suffered the most as it was banks that messed up... UK was meant to be proud of its financial service centre status... instead ITS ASHAMED. JUST LIKE THE USA... not BECAUSE of the USA.0 -
the uk hasn't got an empire thank god - if you believe that the uk empire was a good thing go and ask what it did to the people in the countries that it owned and stole from...
No that's not true - the issues are there due to the economy being unbalanced and being over reliant on the services sectors.
financial servies ... YesPlan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
At this rate it will take over FIVE YEARS to get back to where we were before the recession, and that is assuming we don't get a double dip. Unfortunately we cant print that that much money without going Zimbabwe.0
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At this rate it will take over FIVE YEARS to get back to where we were before the recession, and that is assuming we don't get a double dip. Unfortunately we cant print that that much money without going Zimbabwe.
Agreed...
I don't understand why people even think GB is doing a good job... he wasn't elected, he knew what was coming ... he knew he didn't want to be chancellor when the perverbial sh1lt hit the fan... Good work...
but as far as running the budget of the country, regulating the banks or empowering those to do it goes... BAD FORM IMO. recipe for disaster, as we have learnt.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Printed £200bn
VAT cut
Car scrappage scheme
That all equalled -0.1 to 0.3%????
All of the above has now stopped (assuming they will stop
printing now inflation is rising).
Sustainable???????? It's not even a confirmed recovery yet.... The final revision could just as easily be down.
and not forgetting the £185 billion pumped into the banks via the Special Liquidity Scheme.0 -
The really worrying thing is that inflation is increasing and growth is still practically non-existent. We could easily end up with a 'double dipper' stagflation-recession, which would be devastating. The standard of living would plummet for millions of people. There is a real possibility of a 1930s style depression.0
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