Thursday, May 07, 2009
More spin: this time from the 'Not so' Independent
The Independent: House prices and business confidence raise hopes of recovery
The British economy may already have passed through the worst of the downturn, according to the latest economic indicators. Though output and house prices seem set to continue to fall for some months, the pace of decline appears to be easing CONSIDERABLY, raising expectations that stabilisation and even growth may return to the economy by the end of the year.
Posted by confusedsaver @ 11:57 AM (381 views) Add Comment
1 Comment
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1. alan said...
Not sure how House Prices falling at 1.7% raises confidence. On a £200,000 house, the price will have dropped £3,400 in just one month. I thought rising house prices were the key to a healthy NuLab economy!
Has anyone spotted the drop in car sales last month? Doesn't look like a recovery to me either.
The only bright spot seems to be the petition for Gordo to resign was raised at PM Questions, yesterday.