UK GDP Preliminary Estimate Q2 2012 -0.7%

nicko33

Thrugelmir wrote: »

Does 7 day a week shopping actually boost the economy though?

Dunno, i was making a point about the %age calculation.

But does a company have to employ more people/spend more on wages to man shops/call centres/police/fire/ambulance/hospitals/care homes/etc for 7 days rather than 5?

RenovationMan

Thrugelmir wrote: »

Does 7 day a week shopping actually boost the economy though?

Maybe we'll return to the days of a work/leisure balance in life (particularly for families). Where quality time is more important than spending money.

Probably ends up costing more in wages/heating/lighting being open more often.

I'm hopeful for this too. Every time Ad9898 used to go on about peak oil and had his dire warnings about civilisation, I used to think "Hmnnn, that sounds nice, no car clogged streets, no Chelsea Tractors and kids going to local schools, people knowing their neighbours'. We'll end up back in the 1950s and TBH, the 50's looked all right. Not sure about the hairstyles mind.

Graham_Devon

Slightly off topic, but does anyone know if Stephanie Flanders is a labour supporter?

She seems to like giving labour airtime and keep stating what they have to say about stuff, but never seems to question what they say. I.e. if labour say GDP has fallen because of cuts, she says nothing, but if the coalition state it's because of something, she will always give the opposite view.

Just wondering really, as it's become increasingly noticeable to me.

crash123

Graham_Devon wrote: »

Slightly off topic, but does anyone know if Stephanie Flanders is a labour supporter?

She seems to like giving labour airtime and keep stating what they have to say about stuff, but never seems to question what they say. I.e. if labour say GDP has fallen because of cuts, she says nothing, but if the coalition state it's because of something, she will always give the opposite view.

Just wondering really, as it's become increasingly noticeable to me.

I think she dated one of the boys in red. One of the Eds or was it his brother David?

Thrugelmir

Graham_Devon wrote: »

Slightly off topic, but does anyone know if Stephanie Flanders is a labour supporter?

She seems to like giving labour airtime and keep stating what they have to say about stuff, but never seems to question what they say. I.e. if labour say GDP has fallen because of cuts, she says nothing, but if the coalition state it's because of something, she will always give the opposite view.

Just wondering really, as it's become increasingly noticeable to me.

Has a good radio series at the moment. Where the only rule is the experts have to talk about economics in laymans terms.

Thrugelmir

Mr_Mumble wrote: »

the North Sea oil tax hikes that killed production.... .

Production has peaked and is falling.

So the golden goose is laying fewer eggs.

Where will the shortfall in tax revenues come from in the decades ahead?

GDP is under pressure from all directions. Given that banking is in decline.

mystic_trev

Graham_Devon wrote: »

Slightly off topic, but does anyone know if Stephanie Flanders is a labour supporter?

She dated Balls and Ed Miliband, but not at the same time

Graham_Devon

mystic_trev wrote: »

She dated Balls and Ed Miliband, but not at the same time

I'm taking it she's definately a labour follower / supporter then!

Doe's make a lot of sense. She just seems to give them airtime without any questions. For example, tonight on GDP, she just let them suggest the government had it all wrong, and said nothing. Ed Balls came on, explained it's all George Osbournes fault for a good minute, and she swiftly moved on wthout even muttering anything.

But talking about what George Osbourne stated, came up with problems.

Paul Mason on the other hand tonight suggested it's OK labour having a go, but they haven't even got a defecit reduction strategy, and secondly, wouldn't be physically able to do what they suggest and don't quite understand the complexity of the numbers.

Can't remember exactly what he said, but was on Newsnight.

Thrugelmir

Graham_Devon wrote: »

Paul Mason on the other hand tonight suggested it's OK labour having a go, but they haven't even got a defecit reduction strategy, and secondly, wouldn't be physically able to do what they suggest and don't quite understand the complexity of the numbers.

Milliband backing growth in Europe is quite laughable. Given that there's a high possibility of depression in Southern Europe. Where there's a complete lack of innovative scope to generate meaningful growth. All of which will do little to aid the UK's export led recovery.

worldtraveller

Nice take by Matt