Gdp Doom

[Pickle2]

GDP fell at annual rate of 7.6% last quarter.

http://business.timesonline.co.uk/to...cle6159893.ece

The economy contracted by 1.9 per cent in the first three months of the year - the fastest rate since 1979 - as the recession continued to ravage the country, official figures showed this morning.

The dramatic fall in GDP is much higher than the 1.6 per cent drop in the final three months of last year, and also ahead of the rate of contraction that economists had forecast.

.......

[SantaClaus]

GDP fell at annual rate of 7.6% last quarter.

http://business.timesonline.co.uk/to...cle6159893.ece

The economy contracted by 1.9 per cent in the first three months of the year - the fastest rate since 1979 - as the recession continued to ravage the country, official figures showed this morning.

The dramatic fall in GDP is much higher than the 1.6 per cent drop in the final three months of last year, and also ahead of the rate of contraction that economists had forecast.

.......

And yet, its not selling off against the dollar. Very wierd

[ThomasSoerensen]

And yet, its not selling off against the dollar. Very wierd

It will come.

[Cyberman]

I trust that the voters are proud of electing Labour for the past three terms. I really do fear for the intellect of the majority of people of UK PLC as the demise of our country was entirely predictable.

[suityou01]

Cyberman, the parallel universe just called. It was just as bad under the Tories.

HTH

[Cyberman]

Cyberman, the parallel universe just called. It was just as bad under the Tories.

HTH

So when did the Tories have to borrow 175 Billion pounds in one year, 173 billion pounds the next year, 140 Billion the next year, 118 Billion the next year, 97 Billion the next, etc etc ?

[ASB]

So when did the Tories have to borrow 175 Billion pounds in one year, 173 billion pounds the next year, 140 Billion the next year, 118 Billion the next year, 97 Billion the next, etc etc ?

Look at some of the numbers under Heath and the early years of the Thatcher government then adjust them for inflation. Point is if we had had a Tory governemnt in recent years we'd be nearly as fsked.

[BoredBloke]

Look at some of the numbers under Heath and the early years of the Thatcher government then adjust them for inflation. Point is if we had had a Tory governemnt in recent years we'd be nearly as fsked.

Then look at what they were lumbered with in terms of an economy. New Labour inherited an economy that was doing well. They even stuck to the Tories plans for the first 2 years.

[AtW]

Point is if we had had a Tory governemnt in recent years we'd be nearly as fsked.

I'd say if Tories were in place of Labour then the same debt bubble would have happened just like under republicans in the USA who followed Bill Clinton policies.

It would have been different only if Vince Cable (or somelike like him) was the Chancellor - perhaps it should be demanded that he becomes Chancellor in any event - whether Tories or Labour win.

[threaded]

It will come.

Why?