Saturday, Jun 30, 2007
Government and Private borrowing Turbo Charges the Economy in Q1
Scotsman: UK economy powering ahead
According to the scotsman the UK economy expanded faster than expected in the first quarter compared with a year earlier, as services and government spending grew more than previously estimated. Call me old fashioned but Services and Government spending are not what I would call a real economy.
Posted by enuii @ 11:05 PM (205 views) Add Comment
4 Comments
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1. sovietuk said...
Simple, that's the answer - you just simply print more money, what could be easier?
A complete detachment from reality. The nation is descending into insanity.
2. Wario said...
Depends what you think our (ich bin ein Schotte) economy consisted of in the first place. Fancy a grouse?
3. Scott said...
I feel the same sovietuk, its like saying "he must be richer because he is spending more".
4. Algenon said...
So GB needs to reign back spending then and we will all be all right!