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Growth Figures To Show Unexpected Slower Growth


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I run a retail business and I wholeheartedly agree. There has been no plan by the Torys bar slashing spending. It's an ideological crusade not an economic policy. Slash and hope.

Slash and hope I like that , so apt.

I am hoping our overseas customers will start to fill there boots as the pound falls of the cliff!!

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http://uk.finance.yahoo.com/news/Economy-suffers-shock-Q4-reuters_molt-1726973276.html?x=0

Economy suffers shock Q4 contraction in bad weather
9:37, Tuesday 25 January 2011
LONDON, Jan 25 (Reuters) - Britain's economy suffered a
shock 0.5 percent contraction
in the last three months of 20 10 after December's heavy snow took a far harsher toll than economists had forecast, official data showed on Tuesday.

Its the snow what done it. If it was the weather why the shock?

Games up--please present bill for lunch at till and pay up.

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So we're back in recession?

Says a lot for Tory economic competence.

There's going to be the need for a huge U turn on cuts and sadistic deficit slashing.

Idiot. Now is the time to get a spine and see through the pain. HPC and everything. They should raise rates now and get it over and done with.

Lefties always want to take the easy route. The don't understand basic economics. The day to repay never comes for those on the left.

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good news. If we could keep reducing the deficit then rates could be raised without gilt holders crippling us.

"Keep reducing the deficit".

When did the deficit reduction start? I missed that bit completely. I have heard a lot of gas, a lot of ministers think that they have done the work already, but nothing has been done so far of any consequence.

And yet the market is happy to lend money to the government at ever lower rates. I cant fathom it at all.

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Reuters

We can all breathe a sigh of relief - it WAS the weather:

Economists had only expected growth to slow to 0.5 percent after 0.7 percent growth in the third quarter, though uncertainty over the impact of December's snow disruption meant the range of forecasts was wide, ranging from 0.1 to 0.6 percent.
Edited by izzy
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