Bigthumb Posted October 25, 2013 Share Posted October 25, 2013 More good news for the UK economy when once again growth outpaces forecast. UK economic output rose by 0.8% between July and September, official GDP figures show. The Office for National Statistics said there had been a "fairly strong" performance across all sectors. The data builds on a 0.7% GDP rise in the April-June period and is the best quarterly performance since 2010. Chancellor of the Exchequer George Osborne tweeted: "This shows that Britain's hard work is paying off & the country is on the path to prosperity." Deputy Prime Minister Nick Clegg said the figures "show that we are firmly on the road to economic recovery". The ONS data for construction were up 2.5% over the quarter, the second successive quarter of growth after a volatile performance over the past year. The BBC's chief economics correspondent, Hugh Pym, said: "This could signal that a recovery in that sector is really under way." Link to comment Share on other sites More sharing options...
geared Posted October 25, 2013 Share Posted October 25, 2013 Yea, but it's still Thatchers fault etc etc etc Link to comment Share on other sites More sharing options...
Mecky Posted October 25, 2013 Share Posted October 25, 2013 But was halved last spring-early summer. I don't notice any extra money in my pocket in fact, the opposite and I guess the same goes for most people. People are only concerned about how much money they have. The figures come from the ONS and they've shown time and time again they get their figures wrong Link to comment Share on other sites More sharing options...
Hillpig Posted October 25, 2013 Share Posted October 25, 2013 But was halved last spring-early summer. I don't notice any extra money in my pocket in fact, the opposite and I guess the same goes for most people. People are only concerned about how much money they have. The figures come from the ONS and they've shown time and time again they get their figures wrong What was halved? Link to comment Share on other sites More sharing options...
Bigthumb Posted October 25, 2013 Author Share Posted October 25, 2013 But was halved last spring-early summer. I don't notice any extra money in my pocket in fact, the opposite and I guess the same goes for most people. People are only concerned about how much money they have. The figures come from the ONS and they've shown time and time again they get their figures wrong They seemed to get the figures pretty well spot on when the economy went in to melt down whilst Gordon "an end to boom & bust" Brown was running the show. ---------- Post added 25-10-2013 at 11:52 ---------- What was halved? mecky's IQ? Link to comment Share on other sites More sharing options...
tinfoilhat Posted October 25, 2013 Share Posted October 25, 2013 Turnover is up. I have no idea how long it will last. Link to comment Share on other sites More sharing options...
Mecky Posted October 25, 2013 Share Posted October 25, 2013 What was halved? The economy growth as you know only too well Link to comment Share on other sites More sharing options...
L00b Posted October 25, 2013 Share Posted October 25, 2013 <...> I don't notice any extra money in my pocket in fact, the opposite <...>. People are only concerned about how much money they have.Oh, the irony Aren't you working in the public sector, Mecky? On the assumption that this is the case, why would you have "extra money in your pocket"? Last I checked, there is no direct association or link between the treatment of public sector workers and GDP growth essentially at the hands of the private sector. On the assumption that this is the case still, only when private sector companies eventually pay <more> tax on their <increasing> profits, may there be additional Gvt income to distribute to its employees (<maybe>), at which point there will be "extra money in your pocket". Link to comment Share on other sites More sharing options...
Mecky Posted October 25, 2013 Share Posted October 25, 2013 Oh, the irony Aren't you working in the public sector, Mecky? On the assumption that this is the case, why would you have "extra money in your pocket"? Last I checked, there is no direct association or link between the treatment of public sector workers and GDP growth essentially at the hands of the private sector. On the assumption that this is the case still, only when private sector companies eventually pay <more> tax on their <increasing> profits, may there be additional Gvt income to distribute to its employees (<maybe>), at which point there will be "extra money in your pocket". Have you tried thinking or do you always try to discredit? Explain to me why I shouldn't be better off when the economy is doing well Link to comment Share on other sites More sharing options...
Bigthumb Posted October 25, 2013 Author Share Posted October 25, 2013 Explain to me why I shouldn't be better off when the economy is doing well Is it because you spend your day posting on Sheffield Forum rather than working? Link to comment Share on other sites More sharing options...
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