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MSE News: UK economic growth slower than first thought

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MSE News: UK economic growth slower than first thought

edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
4 replies 1.5K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
PPR
edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
This is the discussion thread for the following MSE News Story:

"The economy grew at a slower rate between April and June than thought, as the country's recovery nearly ground to a halt ..."

Replies

  • tagq2tagq2
    382 posts
    Forumite
    Oh no, everyone's in debt!

    Oh no, consumer spending is too low!

    Here we go round the mulberry bush...
  • Is 0.1% really growth? More likely the economy has stalled and the figures have been massaged to make it look slightly more convincing.
  • JuicyJesusJuicyJesus
    3.8K posts
    Forumite
    Tenth Anniversary
    ✭✭✭✭
    What a brilliant job the government is doing of fixing that awful economy (that was recovering) that Labour left us. All credit to George Osborne to this excellent achievement.

    In case my sarcasm wasn't obvious enough - Osborne is an absolute poltroon. His grasp on economics is weaker than that of most five year olds.
    urs sinserly,
    ~~joosy jeezus~~
  • pqrdefpqrdef
    4.6K posts
    Forumite
    Is 0.1% really growth? More likely the economy has stalled and the figures have been massaged to make it look slightly more convincing.
    It means that a figure of the order of say £300bn has increased by a figure of the order of say £0.3bn.

    Now take into account the difficulty of defining what's being measured and the difficulty of collecting the data.

    We should expect 1% growth in Q1 2012 just for the extra day for the leap year.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
This discussion has been closed.

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