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Gdp Growth Much Weaker Than Expected In Q1

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The preliminary estimate of UK Q1 GDP growth came in at only 0.3%, well below economists' expectations.

http://www.ons.gov.uk/ons/rel/gva/gross-domestic-product--preliminary-estimate/q1-2015/stb-gdp-preliminary-estimate--q1-2015.html

Guardian Live blog on reaction: http://www.theguardian.com/politics/live/2015/apr/28/election-2015-cameron-victory-doable-parties-economy-ed-balls-live

UK_Q1_GDP_0415.gif

Edited by FreeTrader

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The pound has taken a bit of a battering, I just paid a load of April invoices I had due in USD yesterday, that was lucky(ish).

Can the BofE and the media stop talking about interest rate rises now?

Cue David Cameron blaming it all on Miliband. Here's the CCHQ crib-sheet:

  • Look what happens when you even vaguely think about voting Labour.
  • Keep everything the same or we'll have chaos, I tell ye, chaos!
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.

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The pound has taken a bit of a battering, I just paid a load of April invoices I had due in USD yesterday, that was lucky(ish).

Can the BofE and the media stop talking about interest rate rises now?

Cue David Cameron blaming it all on Miliband. Here's the CCHQ crib-sheet:

  • Look what happens when you even vaguely think about voting Labour.
  • Keep everything the same or we'll have chaos, I tell ye, chaos!
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.

The Guardian appeared to be blaming a rogue poll that gave a Tory lead of 6% for unsettling Markets at the end of yesterday. That could spell a Brexit vote and even the chance of a Brexit will see the pound pulverised. On the food thread someone mentioned that we may be at the end of a cheap food era...well we certainly will if our credit is no longer seen as good and the exchange tanks.

Meanwhile all good for HPCers................a loony Brexit/ Scottish voter alienation package to break up the UK re. the Tories or a loony Labour party that thinks doubling the debt is austerity, ably supported by the three graces who want to rape the unborn of any chance of there being any money left.

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The pound has taken a bit of a battering, I just paid a load of April invoices I had due in USD yesterday, that was lucky(ish).

Can the BofE and the media stop talking about interest rate rises now?

Cue David Cameron blaming it all on Miliband. Here's the CCHQ crib-sheet:

  • Look what happens when you even vaguely think about voting Labour.
  • Keep everything the same or we'll have chaos, I tell ye, chaos!
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.
  • Long-term economic plan.

It's quite hilarious that the Conservatives think they have a 'long-term economic plan'. What is it, exactly?

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Lovely, lovely. The 2012/13 credit impulse from HtB and FLS appears to have fully exhausted itself, as I suspected would be the case by now, and the looming oil shock should kick the UK ponzi economy back into recession this summer. Meanwhile, as US rates go up for the first time in seven years creating an almighty credit squeeze, the long-distance nutter in Threadneedle Street will be left with no alternative but to unleash moar QE.

The Keynesian hoons really don't know what they're doing, do they? B)

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I wonder how well tax revenues are doing....

Nice to know that Miliband and the three Graces are extending their shopping lists of stuff they want to buy from these non existent tax receipts like four bankrupt chavs on a booze cruise with stolen credit cards.

Edited by crashmonitor

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Lovely, lovely. The 2012/13 credit impulse from HtB and FLS appears to have fully exhausted itself, as I suspected would be the case by now, and the looming oil shock should kick the UK ponzi economy back into recession this summer. Meanwhile, as US rates go up for the first time in seven years creating an almighty credit squeeze, the long-distance nutter in Threadneedle Street will be left with no alternative but to unleash moar QE.

The Keynesian hoons really don't know what they're doing, do they? B)

Its the fiscal hoons you need to worry about Zugz.

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Record employment, yet GDP is flat? Could it be.....the quality of jobs?! No, it can't be that. I mean, we had 5000 small business leaders saying just how well the Tories have lead the economy....no it can't be that.

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Record employment, yet GDP is flat? Could it be.....the quality of jobs?! No, it can't be that. I mean, we had 5000 small business leaders saying just how well the Tories have lead the economy....no it can't be that.

Dog grooming not paying so good?

How are prostitutes rates holding up?

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Record employment, yet GDP is flat? Could it be.....the quality of jobs?! No, it can't be that. I mean, we had 5000 small business leaders saying just how well the Tories have lead the economy....no it can't be that.

Records are about comparisons in a world wide bust..France same size in population and economic size....unemployment there (today's release)....

http://www.marketwatch.com/story/french-unemployment-hits-another-record-high-2015-04-28

And the other socialist Governments.....Spain, Italy Portugal, Greece...unemployment cataclysmic.

Don't criticize our record on employment, just how we got such a good record. We borrowed like there was no tomorrow, the Europeans didn't.

Criticize the debt.

Edited by crashmonitor

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The Guardian appeared to be blaming a rogue poll that gave a Tory lead of 6% for unsettling Markets at the end of yesterday. That could spell a Brexit vote and even the chance of a Brexit will see the pound pulverised. On the food thread someone mentioned that we may be at the end of a cheap food era...well we certainly will if our credit is no longer seen as good and the exchange tanks.

Meanwhile all good for HPCers................a loony Brexit/ Scottish voter alienation package to break up the UK re. the Tories or a loony Labour party that thinks doubling the debt is austerity, ably supported by the three graces who want to rape the unborn of any chance of there being any money left.

So let's get this straight. Labour is bad for markets because of over-spending fears, and the Tories are bad for markets because of Brexit/ Scottish independence fears?

So, we'll end up with a recession, which will in turn result in huge QE, which will in turn result in more asset inflation, rinse and repeat. It's like an endless nightmare you can't wake up from.

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It's quite hilarious that the Conservatives think they have a 'long-term economic plan'. What is it, exactly?

"Keeping on doing what we're doing" - you know, not risking the economic recovery, creating over a million low-paid jobs, 5000 Michael Greens can't be wrong etc.

Keep up! :rolleyes:

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Records are about comparisons in a world wide bust..France same size in population and economic size....unemployment there (today's release)....

http://www.marketwatch.com/story/french-unemployment-hits-another-record-high-2015-04-28

And the other socialist Governments.....Spain, Italy Portugal, Greece...unemployment cataclysmic.

Don't criticize our record on employment, just how we got such a good record. We borrowed like there was no tomorrow, the Europeans didn't.

Criticize the debt.

So the socialists didn't borrow enough... Wait, what?

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So the socialists didn't borrow enough... Wait, what?

You've got it the Tories went for Keynes on speed. Red and that's not just the debt. Not enough borrowing for red Ed and the three Graces though.

Edited by crashmonitor

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You will have to mentally adjust this chart to GDP per capita to account for Farage's population explosion under the Tories. It would make for even scarier reading. Last 5 years truly have been a disaster

Jamie McGeever @ReutersJamie 53m53 minutes ago

UK economy as unbalanced as ever. Manufacturing, construction & production still woefully short of pre-crisis levels

CDq4TFvWYAANHW1.jpg

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