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Economic growth picks up - 0.5%
Comments
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FTSE not partaking of the boundless joy of above-anticipated growth. It's slumped again today to where it was errrr, 2 weeks ago.0
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Old_Slaphead wrote: »FTSE not partaking of the boundless joy of above-anticipated growth. It's slumped again today to where it was errrr, 2 weeks ago.
The FTSE100 isn't a short term proxy for change in GDP.0 -
1984ReturnsForReal wrote: »Manufacturing nosediving.
Lovely.
No problem. We were told in these very fora a year or 2 ago that manufacturing was no longer needed in UK. The be all and end all was financial services0 -
Old_Slaphead wrote: »No problem. We were told in these very fora a year or 2 ago that manufacturing was no longer needed in UK. The be all and end all was financial services
That is a bit dated.
Osbourne & Cameron said manufacturing was going to lead the way only a few weeks ago......Not Again0 -
1984ReturnsForReal wrote: »That is a bit dated.
Osbourne & Cameron said manufacturing was going to lead the way only a few weeks ago......
TBF they have little control of what is happening in Euro land. But in reality it will have to play it's part in getting our GDP growing again.0 -
0.5% in a quarter is very close to the margin of error and adjustment (e.g. underestimating the growth in the previous quarter). But I hope this trend continues and improves.0
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Anyone with eyes have witnessed an upturn in activity .... I see it in my shopping centre, in my Estate Agents window, on the ForSale boards now showing SOLD after many months.
No-one ever notices the upturn, but I see it as clear as day!
It's over - get those bargains in now while they last!Bringing Happiness where there is Gloom!0 -
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1984ReturnsForReal wrote: »They should keep their fat traps shut then.
You mean like the people predicting GDP to be a minus figure today?0 -
Perhaps I'm right to say that the Government borrowing less allows companies to borrow to invest more. Those journalists with an A' Level text book in economics and a History degree must be rather confused!
Maybe.Institute_for_Fiscal_Studies wrote:Central government current spending in September was 0.6% higher than in the same month last year. Spending between April and September was 2.9% higher than in the same months of 2010. The OBR's forecast at the time of the March 2011 Budget implied that central government current spending for the whole of 2011-12 would be 3.6% above 2010-11 levels.
Has the UK government actually done any austerity yet? Because the institute for fiscal studies seems to think they are spending more this year than last year.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0
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