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cashinmattress

Uk's Recession Is Over - Now Comes The Depression

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The National Institute of Economic and Social Research (NIESR) said it expects the UK to avoid another recession but warned it now faces a bleak period of low growth.

NIESR, which estimated the UK's economy grew by just 0.3% in the three months to April, said in its latest release unless output turns down again, the UK's recession is over.

Instead it expects the country to experience a prolonged period of depression.

NIESR said: "The National Institute interprets the term "recession" to mean a period when output is falling or receding, while "depression" is a period when output is depressed below its previous peak.

"Thus, unless output turns down again, the recession is over, while the period of depression is likely to continue for some time. We do not expect output to pass its peak in early 2008 until 2013."

NIESR also said it has not made an allowance for the holidays and activities relating to the royal wedding, which could impact growth even more further on the downside.

Until at least 2013... how can anybody know?

The fundamentals aren't there, precious infrastructure investment capital is being wasted on bank bailouts, the olympics, costly wars abroad, retiring boomers, the growing hoard of unemployed, the swelling pf social welfare and benefit recipients numbers, North Sea oil and gas decline, endless PIIGS and EU crises, etc...

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The fundamentals aren't there, precious infrastructure investment capital is being wasted on bank bailouts, the olympics, costly wars abroad, retiring boomers, the growing hoard of unemployed, the swelling pf social welfare and benefit recipients numbers, North Sea oil and gas decline, endless PIIGS and EU crises, etc...

Calm down dear...

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Until at least 2013... how can anybody know?

The fundamentals aren't there, precious infrastructure investment capital is being wasted on bank bailouts, the olympics, costly wars abroad, retiring boomers, the growing hoard of unemployed, the swelling pf social welfare and benefit recipients numbers, North Sea oil and gas decline, endless PIIGS and EU crises, etc...

nothing a bit more printing won't sort.

you see from the 24 rooms in one video's what plans for the future are and none involve paying it back, ever.

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NIESR has to keep releasing statements to make it look like they are essential people to pay wages to; SHOCKER.

Have a plan B, insurance, save 10% per month. Sleep well, be happy. Live long and prosper.

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I did a launch today for Andrew Landsley.

Some dreamt up PR shyte initiative, that he probably only got briefed about in the back of the Jag on the way there.

He was escorted by a cohort of PR people, who have more than likely never even set foot in an NHS hospital, PR dykes called Julia, the silver haired wHeels within wHeels, and then the red 6 inch heeled (nightmare) B) 2nd jobbers, who were throwing their weight around everywhere, and achieving less than ****** all.

The whole thing was like an episode of the TToI, and confirmed to me that our (ever decreasing) tax squillions are still being spunked at a CGNAO++ rate.

Buckle up.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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