MSE News: UK escapes recession

Former_MSE_Helen

"The UK climbed out of the double-dip recession with a bang between July and September as the economy returned to growth..."

Read the full story:

UK escapes recession

andy.m_2

Well done everyone, give yourselves a big pat on the back.

Oh wait...

Wywth

Yippee! :j

I'm now gonna spend, spend, spend. :beer:

Pincher

"services sector"?

You mean banks and insurance company, and hotels who overcharged Olympic tourists.

We know they will keep overcharging for mortgages and insurance, so we are SAVED!

somethingcorporate

A completely meaningless measure to the average man or lady on the street.

All it means is we are more likely to (technically) hit a triple-dip recession. Again, this will have almost no impact on the average person.

dr_adidas01

As everyone says totally pointless the only reason it recovered slightly was because in those months mentioned. It was the Queens Diamond Jubilee and the Olympics, all it did was bring extra tourism to London and other venues.

Which = over extortionate prices on everything as they knew once you were inside the venues you had to pay the prices for food and drinks and sunderies. As you were checked before you went into venues for food items!!!

BugsyBrowne

An end to immigration I would prefer TBH.

dr_adidas01

BugsyBrowne wrote: »

An end to immigration I would prefer TBH.

Amen to that!!

JimmyTheWig

Gross domestic product (GDP) – a broad measure for the total economy – grew 1% in the third quarter of the year, the Office for National Statistics (ONS) says, ending three consecutive quarters of declining output.

City experts had expected a rise of 0.6%. The actual figure is the biggest increase since the third quarter of 2007.

Should that be 1.0%? Otherwise it just looks to me like they hit their target!
</pedanticmode>

zerog

BugsyBrowne wrote: »

An end to immigration I would prefer TBH.

Why? Immigrants help the economy and are not entitled to any benefits, at least anyone who is coming in nowadays. They also raise your house price, which people on here seem to like even though it means young people have to stay with their parents for longer.

dr_adidas01

zerog wrote: »

Why? Immigrants help the economy and are not entitled to any benefits, at least anyone who is coming in nowadays. They also raise your house price, which people on here seem to like even though it means young people have to stay with their parents for longer.

Why do immigrants help the economy? They do get benefits despite what you think. How do they raise house prices?