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Realistbear

Official--uk Gdp Plummets To 2%

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http://uk.biz.yahoo.com/051125/214/fxqp5.html

UK GDP figures below trend

LONDON (ShareCast) - Britain's economy grew by 0.4% in the three months to September, making it almost certain chancellor Gordon Brown will have to revise down his economic projections in his December pre-Budget statement said economists.

official forecast is for the UK economy to grow by 3-3.5% this year, but economists expect this be reduced to nearer 2%.

After the third quarter figures the UK is growing by 1.7% annually, slightly better than forecasts, though the latest quarterly figure was below the average growth trend for the fifth period running.

In the last three months, industrial production fell by 0.6%, blamed on a sharp drop in mining and quarrying. Manufacturing picked by 0.4% while services rose by 0.6%

Looks like that nasty old mining and quarrying scuppered the miracle economy!

:lol::lol::lol:

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http://uk.biz.yahoo.com/051125/214/fxqp5.html

UK GDP figures below trend

LONDON (ShareCast) - Britain's economy grew by 0.4% in the three months to September, making it almost certain chancellor Gordon Brown will have to revise down his economic projections in his December pre-Budget statement said economists.

official forecast is for the UK economy to grow by 3-3.5% this year, but economists expect this be reduced to nearer 2%.

After the third quarter figures the UK is growing by 1.7% annually, slightly better than forecasts, though the latest quarterly figure was below the average growth trend for the fifth period running.

In the last three months, industrial production fell by 0.6%, blamed on a sharp drop in mining and quarrying. Manufacturing picked by 0.4% while services rose by 0.6%

Looks like that nasty old mining and quarrying scuppered the miracle economy!

:lol::lol::lol:

He best not blame it all on OIL, for years these ****s have been telling us that we don't need cars we should all use public transport.

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http://uk.biz.yahoo.com/051125/214/fxqp5.html

UK GDP figures below trend

LONDON (ShareCast) - Britain's economy grew by 0.4% in the three months to September, making it almost certain chancellor Gordon Brown will have to revise down his economic projections in his December pre-Budget statement said economists.

official forecast is for the UK economy to grow by 3-3.5% this year, but economists expect this be reduced to nearer 2%.

After the third quarter figures the UK is growing by 1.7% annually, slightly better than forecasts, though the latest quarterly figure was below the average growth trend for the fifth period running.

He will simply ask the ONS to rig the GDP figures just as they've rigged the CPI numbers, actually by understating inflation you naturally rig the growth figures anyway, why not complete the fraud. Check out this article in the Guardian, they're begging for the figures to be rigged, which is odd because less than a year ago he was using the same figures to boast of "fastest growth in 200 years, 53 quarters of uninterupted growth...", obviously when the figures turn sour it's time to discredit and ignore them.

Merv is pissed.

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He will simply ask the ONS to rig the GDP figures just as they've rigged the CPI numbers, actually by understating inflation you naturally rig the growth figures anyway, why not complete the fraud. Check out this article in the Guardian, they're begging for the figures to be rigged, which is odd because less than a year ago he was using the same figures to boast of "fastest growth in 200 years, 53 quarters of uninterupted growth...", obviously when the figures turn sour it's time to discredit and ignore them.

Merv is pissed.

GB can fiddle the figures all he likes. The goverment is running out of money, and either he's going to have to raise taxes, borrow more, or start sacking all those public employees.

Either way unemployment is going up, and the Pound is starting to show an economy that is now one of the weakest in Europe.

Labour goverments usually like to borrow their way out of these problems (tax rises and job cuts hurt too much), and to do that they sell Goverment bonds.

Selling bonds means interest rates have to go up.

There's no easy way out.

Edited by BandWagon

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  • 338 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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