Thursday, Dec 21, 2006

Economic growth accelerates in final quarter of 2006

BBC News: UK economic growth strengthening

The GDP of the United Kingdom rose 0.7% in the past three months, according to the Office of National Statistics. This makes for year on year growth of 2.9%, an upward revision and on course to meet the Chancellor's target for the year.

Posted by jellycaster @ 12:25 PM (508 views)
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1. waitingfor hpc said...

well be honest - lets call it 'debt growth' that is what it is. I have not seen this activity in the shops or in my place of work or my industry - must be the obscene bonuses in London.

Thursday, December 21, 2006 12:34PM Report Comment

2. Cstanhope707 said...

I fully agree more people borrowed more money, took more loan payment holidays, payed the minimum balance on there maxed credit cards and finally Gordon created a bunch more NON Jobs in the Civil Sector.

Thursday, December 21, 2006 01:20PM Report Comment

3. Boarder said...

When you invent money, you can pay yourselves from it.

Thursday, December 21, 2006 02:40PM Report Comment

4. the bald man said...

Has any one noticed that growth equals increased debt and mortgage lending. Just borrowing from the future.

Thursday, December 21, 2006 03:19PM Report Comment

5. Dohousescrashinthewoods said...

It has been oddly quiet for this time of year, everyone seems to be noticing it. People still paying of last Christmas..

Unless this weekend sees a lemming-tastic surge of retail frenzy, I can't see how one could say it's been a strong retail season on the high street.

I'm wondering if debt has quietly hit, with an understated Christmas and, who knows, a frugal start to 2007?

Thursday, December 21, 2006 06:20PM Report Comment

6. Enuii said...

Is this actually 'growth' or the same money going round in faster cicles inside the existing economy i.e. borrow-spend-tax.

Thursday, December 21, 2006 09:45PM Report Comment

7. harold said...

Economic growth accelerates in final quarter of 2006 - or is it that inflation is the real growth industry?

Friday, December 22, 2006 12:41AM Report Comment

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