Tuesday, Jan 26, 2010
Where is this all leading.. I wonder
MarketWatch: The U.K.'s weak fourth quarter isn't even the bad news
Restaurants are doing well! That's one of the rare glimmers from a report showing the British economy expanded at a paltry 0.1% quarterly rate in the fourth quarter - all the more depressing since it was the first expansion in Blighty since the first quarter of 2008.
What's more worrying is that there's no obvious route out.
The government was one of the main drivers of the fourth quarter's expansion, and the fiscal noose is set to tighten.
Posted by rob @ 01:41 PM (847 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. rumble said...
"The government was one of the main drivers of the fourth quarter's expansion, and the fiscal noose is set to tighten."
Sounds like: we'll borrow and spend before the election to give the illusion of recovery for votes.
2. markj69 str05 said...
'What's more worrying is that there's no obvious route out. '
Are you blind? Of course there's a way out. UK recovery has just started. Industry will be booming soon. Excellent time to export. House prices stable. Sensible lending rates. Unemployment - No problem, just stick them all under the training umberella - sorted. So what, the magic money tree just dropped £200B into the system - That's nothing, a drop in the ocean, plenty more where that came from.
Don't know what you're all worried about!