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Consumer Spending At 2 Year Low As G D P Slows In 4th Q

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From Times OnlineFebruary 27, 2008
Consumer spending drops to two-year low
Grainne Gilmore and agencies
The UK economy grew at its slowest rate for more than a year
during the final three months of last year as consumers tightened their belts.
The Office for National Statistics said today that GDP grew by 0.6 per cent in the three months to December, down from 0.7 per cent in the previous quarter, giving an annual rate of 3.1 per cent.
economists sounded an alarm at the figures, which showed that a growth in government spending
prevented a stalling of growth as consumer spending fell...../
Meanwhile, government expenditure rose by 0.9 per cent in quarter four, treble the rate in the third quarter

Looks like the miracle is collapsing and Gordon is printing in a Canute-like frenzy to try to stop it to save his legacy. "Prudence" Brown? I think not.

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  • 297 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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