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Gdp +0.6% Q2

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Additional QE to support the improving housing market and help lock-in the recovery.

Additonal QE to support the Tory election chances in 2015 rather than make themselves unpopular by hacking the public sector.

After all if they don't do it the Labour party will. Same for selling off stuff.

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Growth came almost entirely from the services sector i.e. financial services.

Same old, same old.

ONS2_2626868c.jpg

They were predicting that all four components would expand for the first time since the bust, as indeed they have. However, the fact three of them are virtually flat isn't exactly balanced.

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Is this GDP figure after deduction of government subsidies, continued bailouts, mortgage schemes and other money printing exercises?

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And Osborne is going to give all this growth away!

0.9% of GDP going to the foreign aid budget, (usually given to rich tories and new labourite friends setting up their own "aid charity" which conveniently employs him, the wife, the son and daughter etc.)

13 minutes in.

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Funny old world. Economic recovery = reduced supply side manipulation = raise in interest rates = house price crash

Economic flat lining = maintain bail-out schemes = zombie debt moral hazard = house prices up

Osborne is drip feeding the monetary morphine to keep the economy just above zero. He surely knows a big rebound will require dangerous policy changes.

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  • 245 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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