MSE News: Economy shrinks by 0.7% pushing UK into deeper recession

Former_MSE_Helen

"Britain slumped to its longest double-dip recession in more than 50 years, after figures reveal the economy has shrunk..."

Read the full story:
Economy shrinks by 0.7% pushing UK into deeper recession





This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.

desert_rose

800,000 new jobs?
Cut the deficit by 25%?

Where is Osborne getting his figures from?

And how on earth can anyone believe what he's saying?

I'm reminded of that famous quote:

There are lies, there are damned lies and there's statistics'
:rotfl:

ILW

Just wondering why this is in the savings section.

jamesd

desert_rose wrote: »

800,000 new jobs?

182,000 of them in the three months that ended in May. There's been a large increase in employment under this government, moderated a little in the unemployment figures because the size of the workforce has also been growing.

The bank of England regional surveys show increased output in all sectors but construction.

So there's currently a significant difference between the various ways that things are measured, with jobs and regional surveys showing a much better picture than GDP estimates.

MacMickster

ILW wrote: »

Just wondering why this is in the savings section.

Because the economy forum is a hidden forum of course.

Pincher

At least we are not Japan.

20 years of economic depression, and then a 9.2 earthquake, followed by Fukushima. Talk about kick in the teeth when you are down.

Instead of an appointed Chancellor, what about an examination, or competition. We get prospective candidates to play SimCity, and they need to be able to develop their city into a prosperous metropolis. Make it into an internet event, so anyone can monitor their progress, and see how the city is coming along.

RenovationMan

MacMickster wrote: »

Because the economy forum is a hidden forum of course.

and full of loons that give MSE a bad name.

JonDanzig

I asked government member, Jo Johnson, MP, brother of London Mayor Boris Johnson, if Britain could be a number one economy again. He said no. In fact, as a country he said we are just going to get poorer and poorer relative to other countries. See the YouTube video of my question and his reply (55 seconds) at my channel at EyesEars.com

RenovationMan

We already have when you take into consideration the mountain of personal and state debt we've built since the 90s.

Pincher

If Germany can be bankrupt after World War I and come back for seconds, I don't see why GB couldn't do it. It just takes one man of singular vision, monomaniacal drive, such as myself. Ah, couldn't be bothered.:D

donkingkong

Pincher wrote: »

Instead of an appointed Chancellor, what about an examination, or competition. We get prospective candidates to play SimCity, and they need to be able to develop their city into a prosperous metropolis. Make it into an internet event, so anyone can monitor their progress, and see how the city is coming along.

..and I commend this statement to the house.