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British economy will surge next year
nollag2006
Posts: 2,638 Forumite
Well it looks like it's official, strong growth for the years ahead:
http://business.timesonline.co.uk/tol/business/economics/article7100850.ece
Good to see that the double dip (predicted here for March 2010) has been averted.
http://business.timesonline.co.uk/tol/business/economics/article7100850.ece
BRITAIN is heading for strong growth in 2011 and 2012 on the back of exports and investment, but there will be only a modest upturn this year, according to the latest Ernst & Young Item Club forecast, to be published tomorrow.
Good to see that the double dip (predicted here for March 2010) has been averted.
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Funny Graham didn't mention the strong growth next year and the year after on his thread
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Funny Graham didn't mention the strong growth next year and the year after on his thread
Glad you found it amusing.
Why would I? The article I was referring to makes no mention of it either.
Worth noting that Nollag hasn't included something in this story too. But you wouldn't pick up on that, would you
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To be honest, I'd accept a little slowdown in growth this year if it means a dramatic recovery over the years to come0
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Graham_Devon wrote: »Why would I? The article I was referring to makes no mention of it either.
Oh but it does - in the very opening line
... there are none so blind, as those who will not see ...
How are you getting on holding out for that crash? Must be getting quite a lonely job these days
:rotfl::rotfl::rotfl:0 -
nollag2006 wrote: »Well it looks like it's official, strong growth for the years ahead:... Good to see that the double dip (predicted here for March 2010) has been averted.
These forecasts always "forget" about the deficit, the interest on which equates to the UK's entire defence budget (I heard somewhere and don't have time to check, but it is enormous and growing).YouGov: £50 and £50 and £5 Amazon voucher received;
PPI successfully reclaimed: £7,575.32 (Lloyds TSB plc); £3,803.52 (Egg card); £3,109.88 (Egg loans)0 -
beaujolais-nouveau wrote: »These forecasts always "forget" about the deficit, the interest on which equates to the UK's entire defence budget (I heard somewhere and don't have time to check, but it is enormous and growing).
Really??
Show me where E&Y have "forgot" this ...
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nollag2006 wrote: »Well it looks like it's official, strong growth for the years ahead:
http://business.timesonline.co.uk/tol/business/economics/article7100850.ece
Good to see that the double dip (predicted here for March 2010) has been averted.
2010 is worse than expected though. However the increase in exports predicted is exceptionally good news if it comes to pass.
This poses a problem for whatever government comes in. Carry on borrowing or raise taxes to plug the gap. The benefit is if they can manage it well then the steep rise in growth they will get the credit for."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
nollag2006 wrote: »Well it looks like it's official, strong growth for the years ahead:
http://business.timesonline.co.uk/tol/business/economics/article7100850.ece
Good to see that the double dip (predicted here for March 2010) has been averted.
It's not surprising they get the same numbers as the Government, they use the same economic model!0 -
nollag2006 wrote: »Well it looks like it's official, strong growth for the years ahead:
http://business.timesonline.co.uk/tol/business/economics/article7100850.ece
Good to see that the double dip (predicted here for March 2010) has been averted.
This is what the bears don't get.....
The temporary support measures put in place only needed to keep things together until growth returns.
And as that is now shaping up nicely, they will be gradually withdrawn in the months and years ahead, without sending us back into recession.
With strong growth forecast for 2011/2012, then the only prospect for the wider economy crashing house prices again is this year.
If they don't get their much hyped second leg down by the end of this year, they won't be getting it at all.
And we're already 4 months in, with both asking and selling prices rising.
Tick, tock, tick, tock............“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Graham_Devon wrote: »Glad you found it amusing.
Why would I? The article I was referring to makes no mention of it either.
Worth noting that Nollag hasn't included something in this story too. But you wouldn't pick up on that, would you
You will have to find less biased reading material then 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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