Thursday, Dec 21, 2006
Economic growth accelerates in final quarter of 2006
BBC News: UK economic growth strengthening
The GDP of the United Kingdom rose 0.7% in the past three months, according to the Office of National Statistics. This makes for year on year growth of 2.9%, an upward revision and on course to meet the Chancellor's target for the year.
Posted by jellycaster @ 12:25 PM (176 views) Add Comment
7 Comments
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1. waitingfor hpc said...
well be honest - lets call it 'debt growth' that is what it is. I have not seen this activity in the shops or in my place of work or my industry - must be the obscene bonuses in London.
2. Cstanhope707 said...
I fully agree more people borrowed more money, took more loan payment holidays, payed the minimum balance on there maxed credit cards and finally Gordon created a bunch more NON Jobs in the Civil Sector.
3. Boarder said...
When you invent money, you can pay yourselves from it.
4. the bald man said...
Has any one noticed that growth equals increased debt and mortgage lending. Just borrowing from the future.
5. Dohousescrashinthewoods said...
It has been oddly quiet for this time of year, everyone seems to be noticing it. People still paying of last Christmas..
Unless this weekend sees a lemming-tastic surge of retail frenzy, I can't see how one could say it's been a strong retail season on the high street.
I'm wondering if debt has quietly hit, with an understated Christmas and, who knows, a frugal start to 2007?
6. Enuii said...
Is this actually 'growth' or the same money going round in faster cicles inside the existing economy i.e. borrow-spend-tax.
7. harold said...
Economic growth accelerates in final quarter of 2006 - or is it that inflation is the real growth industry?