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interestrateripoff

Uk Growth Hit By Trade Deficit And Services Slowdown

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http://www.bbc.co.uk/news/business-32911521

The UK economy grew 0.3% in the first quarter of 2015, official figures have confirmed, with growth hit by rising imports and a service sector slowdown.

The 0.3% growth figure marked a sharp slowdown from the 0.6% rate seen in the final three months of last year.

The services sector, which represents three-quarters of UK output, grew by 0.4%, the weakest rate since 2012.

In addition, exports fell by 0.3% in the first quarter of the year, while imports increased by 2.3%.

This recovery is gaining momentum, the BoE clearly need to put the breaks on this runaway economic recovery before it's too late...

The damp squib recovery continues.

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Govt Press Office:-

1. Blame Europe (especially the French)

2. See 1

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Osborne took his foot off the credit accelerator in the run up to the GE. I'm sure it's flat to the floor again now.

I think they got a shock at the insane london bubble, hence the MMR and FLS ( supposed ) withdrawal.

They are now caught between a rock and a hard place.

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Seems there's been a bit of being elected under false pretences.

At any rate for sure the UK is on track to be the wealthiest (most indebted?) country in the world by 2030.

FIFA might be able to offer a few tips in that connection.

Edited by billybong

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Seems there's been a bit of being elected under false pretences.

At any rate for sure the UK is on track to be the wealthiest (most indebted?) country in the world by 2030.

FIFA might be able to offer a few tips in that connection.

I hear that Sepp Blatter has called for David Cameron's resignation.

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0.3%?

Another `unexpected` result like this could push us into recession in the next quarter.

10% house price inflation with cpi around 0% seems a little unlikely is this case.

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Well the chancellor has an emergency budget set for July. Is there the appetite to keep it going or is it here comes the downturn time?

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Invading France would do wonders for our economy.

Well we certainly don't want them on our side again, being lumbered with them twice I think is enough.

However I doubt we have the ability now to invade the Vatican or Monaco, let alone France.

Edited by interestrateripoff

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