cypher007 Posted October 23, 2009 Share Posted October 23, 2009 The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession. http://news.bbc.co.uk/1/hi/business/8321970.stm unexpectedly? Quote Link to comment Share on other sites More sharing options...
Meerkat Posted October 23, 2009 Share Posted October 23, 2009 (edited) The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession. http://news.bbc.co.uk/1/hi/business/8321970.stm unexpectedly? When do they start mentioning "depression"? Edited October 23, 2009 by Meerkat Quote Link to comment Share on other sites More sharing options...
scepticus Posted October 23, 2009 Share Posted October 23, 2009 The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession. http://news.bbc.co.uk/1/hi/business/8321970.stm unexpectedly? footsie seems not to care. Quote Link to comment Share on other sites More sharing options...
enrieb Posted October 23, 2009 Share Posted October 23, 2009 When do they start mentioning "depression"? Usually after about 20 years. Quote Link to comment Share on other sites More sharing options...
enrieb Posted October 23, 2009 Share Posted October 23, 2009 (edited) . Edited October 23, 2009 by enrieb Quote Link to comment Share on other sites More sharing options...
Reck B Posted October 23, 2009 Share Posted October 23, 2009 Radio 5 are absolutely desperate in downplaying these figures. Reporter in shopping centre "I've seen someone come out of a shop with bags of cd's & games etc so despite the reported figure, people are still spending" Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted October 23, 2009 Share Posted October 23, 2009 When they pump in that extra £50bn (on top of the original £175bn) and we're still in the sh!t. Quote Link to comment Share on other sites More sharing options...
jimmylad Posted October 23, 2009 Share Posted October 23, 2009 When do they start mentioning "depression"? house prices would double overnight if they used the word "depression" then most of the people will be skint but also millionaires at the same time. Quote Link to comment Share on other sites More sharing options...
Reck B Posted October 23, 2009 Share Posted October 23, 2009 footsie seems not to care. Could probably give you 175 billion artificial reasons why. Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted October 23, 2009 Share Posted October 23, 2009 Radio 5 are absolutely desperate in downplaying these figures. Reporter in shopping centre "I've seen someone come out of a shop with bags of cd's & games etc so despite the reported figure, people are still spending" Well if they get their lunch from Greggs too then I'd say the figures are wrong and the recovereh is here! Quote Link to comment Share on other sites More sharing options...
anonguest Posted October 23, 2009 Share Posted October 23, 2009 The UK economy unexpectedly contracted by 0.4% between July and September, according to official figures, meaning the country is still in recession. http://news.bbc.co.uk/1/hi/business/8321970.stm unexpectedly? Unexpected to all the ivory tower academics whose heads are so buried in data they cant see the wood for the trees! Yet again though these same clueless morons will continue to be the ones that our political masters take their advice from. Why O Why???!!! Quote Link to comment Share on other sites More sharing options...
3 Men In A Boat Posted October 23, 2009 Share Posted October 23, 2009 Radio 5 are absolutely desperate in downplaying these figures. Reporter in shopping centre "I've seen someone come out of a shop with bags of cd's & games etc so despite the reported figure, people are still spending" Absolutely, all of our European cousins coming and spending thier Euros in our fine retail environment. Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted October 23, 2009 Share Posted October 23, 2009 When do they start mentioning "depression"? When Gordans ugly face appears on TV thats really depressing Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 23, 2009 Share Posted October 23, 2009 Its a Miracle. Gordo has abolished boom and bust. we only have bust now Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 23, 2009 Share Posted October 23, 2009 It just goes to show how bad things are, £175bn of freshly printed money still hasn't filled the hole. The UK is in really bad shape. But hey at least house prices are up, that should eventually get the GDP figures up. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 23, 2009 Share Posted October 23, 2009 It just goes to show how bad things are, £175bn of freshly printed money still hasn't filled the hole. The UK is in really bad shape. But hey at least house prices are up, that should eventually get the GDP figures up. Its the recoveryless recovery Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 23, 2009 Share Posted October 23, 2009 Its the recoveryless recovery I can get us out of recession easy, just define a recession as 2 quarters of -1% contraction. Hey presto the recession is over and we are in recovery. Quote Link to comment Share on other sites More sharing options...
juvenal Posted October 23, 2009 Share Posted October 23, 2009 Radio 5 are absolutely desperate in downplaying these figures. Reporter in shopping centre "I've seen someone come out of a shop with bags of cd's & games etc so despite the reported figure, people are still spending" It was Cash Converters. The bloke with the bags was in that shop trying to sell the CD's. Quote Link to comment Share on other sites More sharing options...
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