puisseguin Posted October 25, 2012 Share Posted October 25, 2012 http://www.bbc.co.uk/news/20078596 The UK economy grew by 1.0% between July and September, compared with the previous three months. Good news indeed as UK growth is far higher than predicted at a time when the economy of the Eurozone shrank 0.2%, and we never lost our AAA credit rating so our repayments are affordable. Link to comment Share on other sites More sharing options...
WeX Posted October 25, 2012 Share Posted October 25, 2012 Great news considering the EU's growth rate is currently -0.2% France = 0% growth Germany = +0.3% growth Italy = -0.8% growth Spain = -0.4% growth Belgium = -0.5% growth ref: http://www.tradingeconomics.com/united-kingdom/gdp-growth Link to comment Share on other sites More sharing options...
Mecky Posted October 25, 2012 Share Posted October 25, 2012 Who is bothered what some quango says? Link to comment Share on other sites More sharing options...
truman Posted October 25, 2012 Share Posted October 25, 2012 Who is bothered what some quango says? You were when they said we were in recession... Link to comment Share on other sites More sharing options...
WeX Posted October 25, 2012 Share Posted October 25, 2012 Who is bothered what some quango says? are you getting confused between the ONS and the UK Statistics Authority which is a quango? Link to comment Share on other sites More sharing options...
puisseguin Posted October 25, 2012 Author Share Posted October 25, 2012 Who is bothered what some quango says? As you clearly have no idea who the ONS is I'd better explain. They are the Office for National Statistics. Link to comment Share on other sites More sharing options...
Mecky Posted October 25, 2012 Share Posted October 25, 2012 As you clearly have no idea who the ONS is I'd better explain. They are the Office for National Statistics. Which are an independant agency funded by the government, as it says on their website. If that's not a definition of a quango I don't know what is. http://www.thefreedictionary.com/quango Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 25, 2012 Share Posted October 25, 2012 Welcome news and impressive growth on the face of it. Next quarter won't be as nice - back to bouncing along on the bottom or even a contraction. The outlook is still grim. The danger is that this one-off spike in output will embolden Osborne to increase the rate of cuts and that will put us straight back into recession. Link to comment Share on other sites More sharing options...
chem1st Posted October 25, 2012 Share Posted October 25, 2012 Nearly 10% of our GDP is imaginary rent. Imaginary rent as a share of GDP has grown by 25% since 2007. Link to comment Share on other sites More sharing options...
gnvqsos Posted October 25, 2012 Share Posted October 25, 2012 Which are an independant agency funded by the government, as it says on their website. If that's not a definition of a quango I don't know what is. A quasi non governmental organisation is elegantly exemplified by the work of the ONS.Remember it is always easy to grow from a low base,especially over a short time -period,where the previous quarter was exceptionally suppressed by superfluous bank holidays. Were it not for the Olympics things might look very different? Link to comment Share on other sites More sharing options...
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