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26 Jan 10
09:04
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Date Joined:
05 Apr 06
Rejoice !!!!
Well done Gordon !!!
Bye bye....Dave... !!!
http://www.guardian.co.uk/business/2010/jan/26/uk-recession-over
Britain's economy finally clawed its way out of its deepest recession since the 1930s in the fourth quarter of last year, growing by a sickly 0.1% compared to the previous quarter, official data showed today.
The keenly-awaited figure, which was much weaker than the average forecast of 0.4% expansion, brings to an end six consecutive quarters of contraction, which saw the economy shrink by around 6%, or 10% compared to where it would now have been had the slump not occurred.
Jonathan Loynes, economist at Capital Economics, said: "The GDP figures are a major blow to hopes that the UK economy had emerged decisively from recession in the fourth quarter. We thought that the risks to the median forecast of a 0.4% gain in GDP were on the downside, but the 0.1% increase is a big blow."
But news of any growth will come as a relief to a Labour government facing an election within months.
Well done Gordon !!!
Bye bye....Dave... !!!
http://www.guardian.co.uk/business/2010/jan/26/uk-recession-over
Britain's economy finally clawed its way out of its deepest recession since the 1930s in the fourth quarter of last year, growing by a sickly 0.1% compared to the previous quarter, official data showed today.
The keenly-awaited figure, which was much weaker than the average forecast of 0.4% expansion, brings to an end six consecutive quarters of contraction, which saw the economy shrink by around 6%, or 10% compared to where it would now have been had the slump not occurred.
Jonathan Loynes, economist at Capital Economics, said: "The GDP figures are a major blow to hopes that the UK economy had emerged decisively from recession in the fourth quarter. We thought that the risks to the median forecast of a 0.4% gain in GDP were on the downside, but the 0.1% increase is a big blow."
But news of any growth will come as a relief to a Labour government facing an election within months.
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The proper recession starts after the GE, we've just had a warm up that was cushioned by a printing press
Great news....going to add £20k back to my house price...happy days :-)
Great news that we came out of the recession due to the Public Sector and the Motor trade (with public money). You may wonder if either of those factors are actually sustainable,
Apparantly it's the Scrappage/Motor scheme that's saved it
Most other sectors have plunged even further into the abyss
Won't hear much of this though
Most other sectors have plunged even further into the abyss
Won't hear much of this though
Not forgetting gordons " quanitive easing" which props up the economy. Did you hear the scottish cvnt yesterday going on about premiership footy clubs overstretching themselves , telling them to put there house in order...what a fcking hypocrite
try not paying thick as shyt to55sers 1 million pound a month you cnutts. theyre only kicking a ball
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