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0.5% growth 1st Quater 2011
1984ReturnsForReal_2
Posts: 15,431 Forumite
The UK economy grew by 0.5% in the first three months of the year.
The Office for National Statistics' (ONS) first estimate of economic activity shows a recovery from the 0.5% contraction recorded for the last three months of 2010.
The news alleviates fears of a so-called double dip recession.
However, the Chancellor, George Osborne, who saw the figures on Tuesday, has already warned "we are not out of the woods yet".
Out of the woods?
Osbourne doesnt even know where he is in the woods
Not Again
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Comments
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Not great, but at least its measurable growth....
Labour will seize on this and say that the Govts policies are causing the ecomomy to undershoot predictions
The Govt will roll out a 'no quick fix, step in the right direction, things are slowly improving' mantra
The rest of us will get on with it and enjoy a long (possibly boozy) weekend...!Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
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1984ReturnsForReal wrote: »Wait for the downward revision when you have your hangover.
Oooo, that would hurt.Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
I think the next quarter will be astoundingly high due to the good weather (so far) the Royal Wedding and the fact that half the country are having 11 days off work in a row and are probably going shopping to fill their days. But we won't know this until July.0
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0.5% growth is at the lower end of trend. Employment is picking up. Inflation is falling.
The economic data are looking quite rosy for now.0 -
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1984ReturnsForReal wrote: »The only reason inflation fell is because of the aged taxation influence.
I thought the main tax influences weren't going to drop out until Jan 2012.0 -
At least the growth we are seeing at the moment is down to growth in the private sector (anyone wanting to argue that the public sector is growing at the moment?)
12 months ago the "growth" that the labour government were giving us was purely in the public sector and on borrowed money.0 -
0.5% growth is at the lower end of trend. Employment is picking up. Inflation is falling.
The economic data are looking quite rosy for now.
It looks like it's not going to plan for the Guardianista mob.;)In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
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