UK economy growing at fastest rate since 2007

by Guest Tue Jan 28, 2014 12:11 pm

The UK economy grew by 1.9% in 2013, its strongest rate since 2007, according to the Office for National Statistics (ONS).
But gross domestic product (GDP) for the fourth quarter fell to 0.7%, down from 0.8% in the previous quarter, it said.
And economic output is still 1.3% below its 2008 first quarter level,
"We've seen growth in most parts of the economy," said Joe Grice, chief economist at the ONS.
Responding to the figures, Chancellor George Osborne said: "These numbers are a boost for the economic security of hard-working people. It is more evidence that our long-term economic plan is working.

http://www.bbc.co.uk/news/business-25926648

cheers

by Guest Tue Jan 28, 2014 12:21 pm

But gross domestic product (GDP) for the fourth quarter fell to 0.7%, down from 0.8% in the previous quarter, it said.
And economic output is still 1.3% below its 2008 first quarter level,

The rest is due to the artificial housing bubble.

by Guest Tue Jan 28, 2014 12:22 pm

Always one to try and dampen good news, we are now the fastest growing in Europe and set to get stronger, so you either welcome this news or you place your political views above the economic recovery?

by Guest Tue Jan 28, 2014 12:24 pm

It will be good news when trade figures improve and not until.

by Clarkson Tue Jan 28, 2014 12:39 pm

We are bringing manufacturing back. Onshoring is in vogue as costs in China rise and the supply chain becomes a worry.

All the metrics like it or not Sassy are moving in the right direction. A to the housing bubble outside London I don't see it. I am selling my buy to let in Chester at an offer price well below tat I paid for it.

by scrat Tue Jan 28, 2014 12:47 pm

Productivity levels 29% lower than the states and 24% lower than France and Germany?

James Zuccollo of Reform said: “It will be years before the productivity puzzle is resolved, but the government must actively prepare for the worst.”
Almost as many linked the fall in productivity to the sclerotic banking system, which had kept “zombie” businesses alive while stymieing start-ups, and a more general lack of capital investment.

Lower living standards

Infrastructure crumbling

£198bn deeper in debt

AAA status shot to fuck

Stagnation for three years, working longer and harder for less.

by Guest Tue Jan 28, 2014 12:58 pm

And yet still the fastest growing economy in Europe, biggest decreaee in unemployment in years and yet some can only whine at such good news

by scrat Tue Jan 28, 2014 1:58 pm

PhilDidge wrote:And yet still the fastest growing economy in Europe, biggest decreaee in unemployment in years and yet some can only whine at such good news

Didglet chap, you've learnt to shake a stick at the British, but your understanding of economics is pretty poor.

The current growth has been built on more debt, people are dipping into savings and bunging it on plastic, most economists are pointing to the lack of capital investment and most strikingly extremely low productivity, these are real fears.

The pressure on interest rates and low productivity will cause further concern.

It's still hurting and it's still not working.

by Guest Tue Jan 28, 2014 2:23 pm

scrat wrote:
PhilDidge wrote:And yet still the fastest growing economy in Europe, biggest decreaee in unemployment in years and yet some can only whine at such good news
Didglet chap, you've learnt to shake a stick at the British, but your understanding of economics is pretty poor.
Waffle no debate just poor assumptions
The current growth has been built on more debt, people are dipping into savings and bunging it on plastic, most economists are pointing to the lack of capital investment and most strikingly extremely low productivity, these are real fears.
The current growth has been dealing with a mess left by a previous incompetent Government

The pressure on interest rates and low productivity will cause further concern.

It's still hurting and it's still not working.

Yes created by the banking crisis and how poorly Labour dealt with this, thus with such a massive debt inherited from such incompetence this is actually astounding news considering the rest of the EU is now behind the uk. Something you always forget or neglect to mention

by scrat Tue Jan 28, 2014 2:30 pm

PhilDidge wrote:
scrat wrote:
Didglet chap, you've learnt to shake a stick at the British, but your understanding of economics is pretty poor.
Waffle no debate just poor assumptions
The current growth has been built on more debt, people are dipping into savings and bunging it on plastic, most economists are pointing to the lack of capital investment and most strikingly extremely low productivity, these are real fears.
The current growth has been dealing with a mess left by a previous incompetent Government

The pressure on interest rates and low productivity will cause further concern.

It's still hurting and it's still not working.

Yes create by the banking crisis and how poorly Labour dealt with this, thus with such a massive debt inherited from such incompetence this is actually astounding news considering the rest of the EU is now behind the uk

Kissinger praised Brown
for his "vision and dedication" in handling the world economic crisis.

Gordon Brown may be trailing in the polls at home, but in the US last
night he was hailed as a hero for "stabilising" the world economy and
showing "compassionate leadership".

The prime minister, in New York for the UN general assembly, was
honoured as world statesman of the year at a VIP-packed gala dinner.
The award was presented on behalf of the Appeal of Conscience
Foundation, an interfaith organisation which campaigns for religious
freedom and human rights, by the veteran US former secretary of state
Henry Kissinger.

And to think just before the global banking crisis, the nasty party were asking for less regulation and more borrowing.

by Guest Tue Jan 28, 2014 2:32 pm

://?roflmao?/:

Kissinger and that is meant to make out he was any good?

He is no where as popular or will ever be as Thatcher

The fact is the more people get jobs, money in their pocket, the more people will less trust Labour with the economy

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