Yet more shock news for the UK economy

shortchanged_2

http://www.bbc.co.uk/news/business-20808518

Tens of people on MSE were flabbergasted today by the announcement that the growth figures for GDP in the 3rd quarter in the UK were revised downwards. This news was made worse by the fact that the UK borrowing targets were also higher than expected.

Messers Prickypanties, Wotsthat, Conrad et al declined to comment stating 'We haven't seen the figures because it's difficult to see the news when you're up to your neck in sand!'

Mr._Pricklepants

But shorty, these figures are produced by the ONS!

Whenever they come out with positive employment figures, you're going to great length questioning them.


http://forums.moneysavingexpert.com/showpost.php?p=58048897&postcount=14

shortchanged wrote: »

Come on prickypants surely even you don't believe everything you read without questioning it?

Conrad

shortchanged wrote: »

http://www.bbc.co.uk/news/business-20808518

Tens of people on MSE were flabbergasted today by the announcement that the growth figures for GDP in the 3rd quarter in the UK were revised downwards. This news was made worse by the fact that the UK borrowing targets were also higher than expected.

Messers Prickypanties, Wotsthat, Conrad et al declined to comment stating 'We haven't seen the figures because it's difficult to see the news when you're up to your neck in sand!'

Pretty reasonable growth, most people doing nicely, employment expanding and still you greedily expect more.
Spoilt.

wotsthat

It also revised down its estimate for growth between July and September to 0.9% from 1%.

I'm not losing any sleep about it - should I be?

I can pretend I had a little cry if it makes you feel better.

shortchanged_2

Mr._Pricklepants wrote: »

But shorty, these figures are produced by the ONS!

Whenever they come out with positive employment figures, you're going to great length questioning them.


http://forums.moneysavingexpert.com/showpost.php?p=58048897&postcount=14

True prickypanties, I just wondered how some of you guys felt about the figures, seeing as everything is all rosy and all that.

shortchanged_2

wotsthat wrote: »

I'm not losing any sleep about it - should I be?

I can pretend I had a little cry if it makes you feel better.

It's alright wotsthat, best advice is to just keep positive but also maintain a level of reality.

Conrad

shortchanged wrote: »

True prickypanties, I just wondered how some of you guys felt about the figures, seeing as everything is all rosy and all that.

Sanguine.

Tough European backdrop, rebalancing takes time. In the meantime many people are benefitting from low interest rates, robust employment growth, new start - ups and recognising how fortunate they are compared to those in Spain etal.

You seem to have this expectation of boundless growth?

Mr._Pricklepants

shortchanged wrote: »

True prickypanties, I just wondered how some of you guys felt about the figures, seeing as everything is all rosy and all that.

I feel ok about them (if they are to be believed that is).
+1.0 to +0.9, still not too shabby.
Let's hope it continues into a steady trend.

ONS chief economist Joe Grice: "There are straws in the wind that look promising

System

Well this is embarassing.

Generali

Just to be clear, a 0.1% change in GDP isn't a rounding error, it's smaller than that.

shortchanged_2

Mr._Pricklepants wrote: »

I feel ok about them (if they are to be believed that is).
+1.0 to +0.9, still not too shabby.
Let's hope it continues into a steady trend.

Well I suppose it will help soften the contraction in the 4th quarter.