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OnlyMe

Boe Rebalancing Of The Economy - Total Failure

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Continuing policy of failure. Though to be honest they probably caused enough damage to the productive sector to make any meaningful recovery impossible.

It seems they understand as much about the manufacturing sector as they did about the the finacial sector.

When are they going to be held accountable for their disastrous financial meddling?

http://uk.reuters.com/article/2011/08/26/uk-britain-economy-idUKTRE77P1N120110826

Growth confirmed at 0.2 percent in Q2, services output falls in June

(Reuters) - The economy grew at just 0.2 percent in second quarter of this year as manufacturing output dropped, official data showed on Friday, confirming last month's first estimate.

The Office for National Statistics also confirmed the annual growth of 0.7 percent, as analysts had forecast.

The dominant services sector was the main driver of growth in the second quarter, but output fell by 0.1 percent on the month in June.

The ONS will only publish demand components such as consumption or investment when it releases the final reading for the quarter.

Growth in the second quarter was hit by a number of special factors, including the extra holiday for the royal wedding and supply chain disruptions in the aftermath of the earthquake and tsunami in Japan.

The ONS said that those factors shaved off up to 0.5 percentage points from quarter-on-quarter growth.

Industrial output fell by 1.6 percent, slightly more than first estimated and the worst quarterly decline since the first three months of 2009.

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Bank(rupt)of England and Office of Budget Responsibility are just used to insulate the government from policy failure. Which is considerable.

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Banks contribute as much to the economy as estate agents do to housing.

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0.2%, is that the sort of growth we need to reduce our national debt as a percentage of GDP?

No. Don't worry, everything will be alright by Xmas.

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When are they going to be held accountable for their disastrous financial meddling?

Accountability is soooo last century don'tcha know.

Why, if total incompetents were held accountable for their actions instead of getting huge bonuses and gold plated pensions, WHERE would it all end?

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  • 293 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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