We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Britain didn't have a double dip recession after all
Comments
-
Graham_Devon wrote: »OK, well, we agree then.
Though if you are removing the offshore part of the economy to suggest we didn't have an "onshore" recession, wouldn't it also be wise to remove construction....and indeed any other part of the economy which fell back?
We could have pretty nice growth then!
Now you're just being silly.
In the onshore economy, so the economy that the general population interact with, there was no recession.
My point in the OP is that it may explain some of the better than expected job numbers.
Good news overall.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
A very silly thread.0
-
HAMISH_MCTAVISH wrote: »Now you're just being silly.
In the onshore economy, so the economy that the general population interact with, there was no recession.
My point in the OP is that it may explain some of the better than expected job numbers.
Good news overall.
We may only interact with the onshore economy in terms of physicalality. However, we all interact when it comes to putting fuel in our cars or scoffing fish and chips from the chip shop.0 -
Graham_Devon wrote: »We may only interact with the onshore economy in terms of physicalality. However, we all interact when it comes to putting fuel in our cars or scoffing fish and chips from the chip shop.
Surely eating fish and chips is only partly made up of the offshore economy?
I'm just here to help. Honest.
0 -
Didn't we have some bad weather too, we need to adjust for that.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Don't worry
There will be plenty more adjustments in these numbers in the future'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
This thread really highlights that the obsession with GDP is pretty silly really.
Endlessly chasing ever higher levels of "growth" doesn't really improve our quality of life.
It's time we stopped using GDP as the barometer for success and started using Employment, unemployment and dare I say it, wellbeing.Faith, hope, charity, these three; but the greatest of these is charity.0 -
Forget double dip, there wasn't even a single dip if you strip out all the areas of the economy which contracted and only count the bits that grew. I don't think that's really the point though.0
-
P.S. I assume that Mr Ward has checked all the other quarters since the first recession ended to check that there aren't 2 consecutive quarters of "onshore" contraction hidden by growth in the "offshore" economy.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards