It turns out that UK PLC is still in recession

[Tony]

In the run up to the election much was made by the previous Government of the 0.4% growth in the economy as being proof that UK PLC was out of recession.

 

From revised figures it turns out that government spending that was responsible for 0.4% but that the private sector was in recession at -0.1% . In short, the government overspending was preventing the figures from showing recession.

 

Just great.

 

http://www.thisislondon.co.uk/standard-business/article-23855206-government-spending-keeps-britain-from-recession.do

[truman]

In the run up to the election much was made by the previous Government of the 0.4% growth in the economy as being proof that UK PLC was out of recession.

 

From revised figures it turns out that government spending that was responsible for 0.4% but that the private sector was in recession at -0.1% . In short, the government overspending was preventing the figures from showing recession.

 

Just great.

 

http://www.thisislondon.co.uk/standard-business/article-23855206-government-spending-keeps-britain-from-recession.do

 

 

I don't understand why you're surprised....

[Grandad.Malky]

I don't understand why you're surprised....

 

Neither do I

[Ousetunes]

Doesn't 'turn out' at all.

 

Those of us in business know we are still well and truly in a recession and choose to ignore metrocentric nonsense spouted by the press and the self-appointed 'experts' (government, quangos, FSA etc).

[esme]

we knew they were lying through their teeth, to try and jolly everyone along and keep them spending so the economy didn't take a nosedive

 

as far as I'm concerned we were in recession a long time before it was announced too for much the same reason, to stop the markets panicking

[Vague_Boy]

From revised figures it turns out that government spending that was responsible for 0.4%

 

£200 billion of quantitative easing, £167 billion of deficit spending, the run up to Christmas AND the prospect of VAT going from 15% to 17.5% and still no "recoverah!"

 

Isn't it about time we admitted that, after 18 months of trying to reflate a collapsing bubble, that the patient is not only dead, it's starting to stink the place up a bit.

[mossdog]

In the run up to the election much was made by the previous Government of the 0.4% growth in the economy as being proof that UK PLC was out of recession.

 

From revised figures it turns out that government spending that was responsible for 0.4% but that the private sector was in recession at -0.1% . In short, the government overspending was preventing the figures from showing recession.

 

Just great.

 

http://www.thisislondon.co.uk/standard-business/article-23855206-government-spending-keeps-britain-from-recession.do

Titanic will never believe it till his dying day!

[alchresearch]

I have the popcorn ready and am sat patiently for the pro-Labour posters (apologists).....

[truman]

And why would that be? Because growth was positive, therefore it wasn't recession, therefore the figures wouldn't show recession.

 

You can of course cherry-pick any figures to show what you want, but you are being entirely disingenuous.

 

It's no different to people borrowing money they can't afford so that they can buy a new car to make the neighbours think they're doing well...

[truman]

Added last line before you posted to show what i mean:

 

 

What you are saying is "1+1=2, but if we remove the first 1, it only equals 1, when you told us it equals 2"

 

It depends where that second "1" came from....