Boomed

[King Cnvt]

http://news.bbc.co.uk/1/hi/business/7013880.stm

The UK economy grew at a faster annual pace than previously estimated in the second quarter of 2007, official figures have shown.


So we have a booming economy & super-low inflation.

0.5% off the UK interest rate then, so the "boom" can continue.

You mark my words.

[hyperD]

official figures

I think you'll find the clues in those two words...

It's an important time for gordon: potential election, economic chickens coming home to roost, must massage the figures, announce an election at the start of the Tory conference so they get no media air play, keep creating those false polls, doctor a few pictures to make him look like the Second Coming...

... the naked, nappy-wearing, hobbyhorse-riding, Gollom-esque, lying, incompetent Stalinist freak show...

[Murder1]

I think you'll find the clues in those two words...

It's an important time for gordon: potential election, economic chickens coming home to roost, must massage the figures, announce an election at the start of the Tory conference so they get no media air play, keep creating those false polls, doctor a few pictures to make him look like the Second Coming...

... the naked, nappy-wearing, hobbyhorse-riding, Gollom-esque, lying, incompetent Stalinist freak show...

Is it fair to say you're not a Labour voter?

[King Cnvt]

http://money.guardian.co.uk/interest...176467,00.html

Andrew Sentance, one of the external members of the Bank of England's monetary policy committee, hinted last night that interest rates may be cut in response to the turmoil in financial markets that triggered the Northern Rock crisis.

[Bagpuss]

That's just what we need another expansion of the money supply with more poor credit.

[b0redom]

It'll probably increase the value of my northern rock shares though!

[Bagpuss]

well they are up 12% today after they decided not to pay the dividend, all those bottom fishers must be gutted

[NickFitz]

well they are up 12% today after they decided not to pay the dividend, all those bottom fishers must be gutted

feeders

[Bagpuss]

feeders

http://www.investorwords.com/556/bottom_fisher.html


Not so fast Pedant

[Benny]

http://news.bbc.co.uk/1/hi/business/7013880.stm

The UK economy grew at a faster annual pace than previously estimated in the second quarter of 2007, official figures have shown.


So we have a booming economy & super-low inflation.

0.5% off the UK interest rate then, so the "boom" can continue.

You mark my words.

Britain's largest housebuilder put the market on red alert today as it revealed sales fell by up to 10 per cent over the past two weeks amid the credit crunch which hit mortgage lender Northern Rock.

Barratt Developments, which built about one out of every 10 new homes sold last year, said its sales had fallen between 5 per cent and 10 per cent over the week ending last Saturday compared with the week before.

Delivering annual figures today Mark Clare, chief executive of Barratt, said the company would typically see a "strong upward trend" in sales reservations in September, the end of the first quarter of Barratt's financial results.

Barratt is the first of Britain's housebuilders to go public on a sales fallout from the collapse of Nothern Rock. It cautioned that it was "not yet clear how quickly the market will recover" and said investors should assume that there will be "downward pressure" on the number of properties it sells in the short-term.