If the UK economy has shrunk 0.5% and it's not a recession, what is?

[google_12374]

as title says

[Solomon1]

we are in a recession dude

[Cyclone]

It is a recession, 2 consecutive quarters of negative growth.

[Conker2]

We've only had one quarter of negative growth so far though, so it's not a recession yet.

 

http://news.bbc.co.uk/1/hi/business/7686552.stm

 

An economic slowdown?

[Cyclone]

You're right, I misread the story at lunch time as being the 2nd quarter of negative growth.

[X-Ray]

It's a spelling mistake.

[chem1st]

Time to buy British?

[mancom]

For too long, right wingers have drained money out of our economy and austerity is another excuse. Privatisation in the eighties and with today's austerity. When prices went up because of VAT, it wasn't just by 2.5%, was it? They put it up by more than that as an excuse to profiteer.

 

Too many people in this country have never had it so good. The number of headteachers earning over £100,000 is INCREASING.

 

It's time to round up an army of lefties and centrists to take right-wingers head-on with head butts if necessary. Austerity is another ploy by the Right wing to transfer more and more money to the few.

 

How can schools justify sacking two teachers or teaching assistants while the headteacher earns £100k? They can't and these cuts are not justified. 500,000 public sector and the equivalent 500,000 jobs in the private sector are to go. The Right-wing are shooting themselves in the foot by putting people out of work because these newly-unemployed million people now have more time on their hands to protest against them!

 

It's time to smash up the banks. It's a shame student lefties don't do it more often. This will create a big recruitment drive for firefighters and glaziers, and the taxes paid by the glaziers in the private sector will help pay for more firefighters in the public sector. When bankers are murdered, the taxes paid by undertakers in the private sector will help pay for more coroners and CPS staff in the public sector.

 

COMMIT CRIME AND GET THE ECONOMY GOING.

[HeadingNorth]

For too long, right wingers have drained money out of our economy and austerity is another excuse. Privatisation in the eighties and with today's austerity.

 

Privatisation put money back in to the economy, by removing a whole host of nationalised industries that were costing billions. At least get your history straightened out if you're going to start complaining about it.

[Mecky]

The government is just trying to big it up and are desperately trying to convince people that things are looking up. They will have probably just released selective data and if that's the case, God help us.