Friday, April 6, 2007

UK heading for Stagflation

Economy grew 0.5 pct in first quarter

Economic growth is slowing in the UK. At the same time, wages and prices are rising. The reasons are simple - 1.) people need more money to buy a place to live and 2.) firms need to charge more to pay them more. However, this makes us less competitive against the far east. Thank you to the best Chancellor we ever had for this economic miracle!

Posted by royston @ 04:48 PM (451 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>