Tuesday, Sep 30, 2008
Growth on downward trend, credit card bill soaring
BBC News: UK confirms economy at standstill
The UK economy saw no growth in the second quarter of 2008, while the gap in the current account widened to its highest level in almost a year.
Posted by dohousescrashinthewoods @ 10:57 AM (271 views) Add Comment
4 Comments
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1. Beer_and_beard said...
The last line of this article reads:
"Analysts [anonymous] say the government may want to consider a cut in interest rates."
And there's me thinking it's the BoE, not the government that decides that. Lucky I've got the BBC to set me straight -- Good to see their reporting up to it's usual standards.
2. malct said...
Subject matter aside if there is any left who thinks they can rely on 'aunty', the way they have dealt with this crazy nonesense is dismal.
Mike Rudin BBC
"It is certainly true that on 9/11 the BBC broadcast that WTC7 had collapsed when it was still standing."
source http://www.bbc.co.uk/blogs/theeditors/2008/07/controversy_conspiracies_iii.html
short film clip
http://uk.youtube.com/watch?v=ejjySUVOGKA
3. enuii said...
The devil is in the detail of this report, read it carefully and you will spot that 'the new data takes into account improved methodology'. If this 'new methodology' had not been in place the 0% growth quoted should have been more like -0.1%. The new method of calculation has resulted in figures going up rather than down and has effectively delayed the 'official' reporting of a recession by 3 months.
4. dohousescrashinthewoods said...
Nice one enuii - Gordon's cooking the books again? I am not surprised. Fiddle, fudge lie and.. kill? to stay in power.