MSE News: Glimmer of light for UK economy

Former_MSE_Guy · 29 March 2011 at 10:59AM

This is the discussion thread for the following MSE News Story:

"Revised figures show the economy contracted by less than previously thought at the end of 2010 ..."

Read the full story:
Glimmer of light for UK economy

This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum.

Butterfly_Brain · 29 March 2011 at 1:57PM

Just the government fiddling the figures, or more worrying, someone can't do their sums!

SammyS1987 · 29 March 2011 at 2:15PM

Does anyone know when the next GDP announcement is?

worldtraveller · 29 March 2011 at 2:54PM

IMHO it's largely inconsequential now, with most people awaiting the Q1 2011 figures. What was maybe more of a concern to me were the figures for the decline in real household disposable income, which we are highly likely to see a further decline in during Q1 2011 and beyond, with higher consumer price inflation, unemployment and little sign of increases in wages. This is of course well before the cuts even start to bite. Remember we are not even through the first year of a five year plan of cuts!