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UK Q4 GDP contracts unexpectedly by 0.5 pct qq

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    smeagold wrote: »
    Thats rather pessimistic, what is they say about a pessimist?

    oh yes "A Pessimist is merely somebody in full posession of all the facts":)
    I take it that was written by a pessimist :)
    A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
    Winston Churchill
    There is no sadder sight than a young pessimist.
    Mark Twain
    An optimist may see a light where there is none, but why must the pessimist always run to blow it out?
    Rene Descartes


    and my favourite
    Pessimist: One who, when he has the choice of two evils, chooses both.
    Oscar Wilde
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Still see either one or two .25% rises by the end of the year.

    Inflation is still a concern.

    To who? certainly not to the govt with those debts hanging around.
    '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 Thatcher
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Butterfly_Brain wrote: »
    eg Cadbury's factory has closed and gone to Poland even though the slimy yanks at kraft said that the jobs were safe here.

    Makes good spin. Cadbury's were already well advanced with the project.

    Us Brits prefer cheap goods to protecting our neighbours jobs.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Makes good spin. Cadbury's were already well advanced with the project.

    Us Brits prefer cheap goods to protecting our neighbours jobs    .

    Just out of interest when are they given the choice?
    '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 Thatcher
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    StevieJ wrote: »
    But debts are lower than anticipated :)
    http://www.economicsuk.com/blog/


    Decembers debt.

    Not the knock on effect of 0.5% for the next 5 years ;)
    Not Again
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 January 2011 at 9:40PM
    StevieJ wrote: »
    To who? certainly not to the govt with those debts hanging around.

    Lifting interest rate will strengthen pound thereby reducing imported inflation.

    On a £100k of debt, a rise of .25% is a little over £20 per month. So hardly budget breaking.
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Tell that to China, Australia etc... Most prices are decided by supply and demand not import costs.
  • smeagold
    smeagold Posts: 1,429 Forumite
    StevieJ wrote: »
    I take it that was written by a pessimist :)

    Optimism is the madness of insisting that all is well when we are miserable.
    Voltaire

    Optimism is inevitably the last hope of the defeated.
    Albert Meltzer

    The basis of optimism is sheer terror.
    Oscar Wilde

    Touche:)

    (but lets not do this all eve eh?)
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 January 2011 at 9:39PM
    lvader wrote: »
    Tell that to China, Australia etc... Most prices are decided by supply and demand not import costs.

    Imported product is paid for in foreign currency not GDP.

    In the past 3 and half years I've bought US$ at varying rates between 1.33 and 2.12 to make purchases. Makes a considerable difference. More so as import duty is calculated on the shipped in £ value plus an additional 11% tax.
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It makes a difference for individuals importing but multinationals don't generally adjust prices on currency variations. Even smaller resellers struggle to pass on increased import costs. The same goes the other way round, a few years ago we were ripoff Britain. Now we are one of the cheapest countries in Europe.
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