No double dip for the UK

[Guest]

quite the opposite. the economy as a whole grew by 0.5% while you take one sector and you say tony is clutching at straws.

 

 

There has been NO growth - the 0.5% is the same 0.5% by which it shrank in the previous quarter.

 

The economy now stands at exactly the same place as it was 6 months ago so how can that be growth?

 

Not only clutching at straws but trying to con us too.

[caparo]

Nope.........

 

http://www.nationalarchives.gov.uk/cabinetpapers/themes/imf-crisis.htm

 

In 1976 Britain faced financial crisis. The Labour government was forced to apply to the International Monetary Fund (IMF) for a loan of nearly $4 billion. IMF negotiators insisted on deep cuts in public expenditure, greatly affecting economic and social policy.

[Wildcat]

http://www.nationalarchives.gov.uk/cabinetpapers/themes/imf-crisis.htm

 

In 1976 Britain faced financial crisis. The Labour government was forced to apply to the International Monetary Fund (IMF) for a loan of nearly $4 billion. IMF negotiators insisted on deep cuts in public expenditure, greatly affecting economic and social policy.

 

That is true, but it was a problem picked up from the disasterous "Barber Boom" the Tories implemented.... slashing income tax for the wealthy making inflation sky rocket.

 

The Labour years afterwards involved policies of restraint and wage freezes agreed with the unions. If it wasn't for Labour such agreements at the time it was needed would not have been possible and the damage would have been far worse. Thatcher picked up an economy Labour had repaired after the Tories had trashed it, as they usually do.

 

http://news.bbc.co.uk/1/hi/events/budget_99/budget_briefing/279928.stm

[WeX]

There has been NO growth - the 0.5% is the same 0.5% by which it shrank in the previous quarter.

 

The economy now stands at exactly the same place as it was 6 months ago so how can that be growth?

 

Not only clutching at straws but trying to con us too.

 

if you move the goal posts (to suit your own agenda) then you can make the statistics look how ever you like, however that does change the fact the uk economy grew 0.5% in the first three months of this year, which is the latest information being published.

[Guest]

if you move the goal posts (to suit your own agenda) then you can make the statistics look how ever you like, however that does change the fact the uk economy grew 0.5% in the first three months of this year, which is the latest information being published.

 

Cancelled out by the fact that the economy shrank by 0.5% in the previous 3 months - as I said - no gain.

[Wildcat]

Cancelled out by the fact that the economy shrank by 0.5% in the previous 3 months - as I said - no gain.

 

They blamed the -0.5% growth on the bad weather.... people not shopping, people unable to get to work etc... The expectation in such situations is that the month after will see a rebound as the money not spent gets spent and people make up for the lost time. The bounce back was predictable, and indeed was predicted.

 

What is depressing as you say is that the last quarters growth even with the bounce back is less than the OBR was predicting it would be last Summer.

 

There is no cause for celebration, the economy is in worse shape under Osborne.

[mattleonard]

Noticed Cameron getting a right hammering during PM's Questions, and rightly so, as he's still blaming Labour and he's been in power a year now, so it's wearing a bit thin.

 

Labour managed to keep going with blaming the Tories for 13 years last time they were in power.

[Tony]

 

q4 2008 -2.0%

 

q1 2009 -2.7%

q2 2009 -0.7%

q3 2009 -0.2%

q4 2009 +0.4%

 

q1 2010 +0.3%

q2 2010 +1.2%

q3 2010 +0.7%

q4 2010 -0.5%

 

q1 2011 +0.5%

 

Red average over 6 quarters -0.8%

Blue average over 4 quarters +0.7%

[caparo]

That is true, but it was a problem picked up from the disasterous "Barber Boom" the Tories implemented.... slashing income tax for the wealthy making inflation sky rocket.

 

The Labour years afterwards involved policies of restraint and wage freezes agreed with the unions. If it wasn't for Labour such agreements at the time it was needed would not have been possible and the damage would have been far worse. Thatcher picked up an economy Labour had repaired after the Tories had trashed it, as they usually do.

 

http://news.bbc.co.uk/1/hi/events/budget_99/budget_briefing/279928.stm

 

It's never Labour's fault is it despite them always being at the helm when the walls come tumbling down? Or is it just that Labour supporters can't get round to admitting that their boys got it wrong yet again?

 

Actually Thatcher took over a situation of falling output that Labour HADN't repaired.

[Darth Vader]

Labour managed to keep going with blaming the Tories for 13 years last time they were in power.

 

Do you know, I don't remember that. I do remember Labour however, warning about the terrible unemployment we had under the Tories, and look what's happening again....

 

The thing is, it's a Conservative theory to create unemployment, so that big businesses has a stronger set of cards, isn't it.