Thursday, Oct 26, 2006

Gordons, dept economy still on track!!

BBC News: Brown upbeat on UK growth outlook

The UK economy is set to surprise people who thought that 2006 would be "a period of low growth", Chancellor of the Exchequer Gordon Brown has said.

Posted by kpjcomp @ 09:37 AM (621 views)
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1. harold said...


In the UK, growth = inflation. If growth were real then unemployment wouldn't be rising. People outside the City will be looking on bemused by how well we're doing.

Thursday, October 26, 2006 10:16AM Report Comment

2. waitingfor hpc said...

gets me mad - how can he talk about inflation low at 2% - even today it is 2.5%. Why does no one ask him why he has let it stay so high if he wants credit for keeping it low?

Seem like a win win to me for Gordon - he seems to be able to do no wrong. ANd I am outside London and do not see the ' growth ' trend he is talking about.

Thursday, October 26, 2006 10:32AM Report Comment

3. paul said...

"We must keep inflation low and that's why the public sector pay settlements will have to be in the framework of a 2% inflation target," Mr Brown said.

Haha. Dream on, Mr Brown - do you think they'll be happy being 5-10% less well off in real terms? I don't think so ...

You can't lie to everyone all the time.

Thursday, October 26, 2006 10:38AM Report Comment

4. Jimmyjames said...

"some analysts were talking of interest rates climbing to between 5.5% and 6%."

According to Evan Davis

Of interest.

Thursday, October 26, 2006 10:38AM Report Comment

5. the bald man said...

Growth in the UK also equals increased debt. Its not suprising that there is growth following an increases in mortgage lending. In the past growth = innovation and increased productivity. Surely soon everyone will realise that Gordans mircale is built on debt we will be repaying for years.

Thursday, October 26, 2006 11:49AM Report Comment

6. nick said...

we, what we I aint got no debt

Thursday, October 26, 2006 01:45PM Report Comment

7. indiablue19 said...

Well he ought to know what will be reported, afterall, he's the one cooking the books and manipulating the outcome.

Thursday, October 26, 2006 10:00PM Report Comment

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