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Uk economy surges ahead with 0.8% growth

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    Uk economy surges ahead with 0.8% growth

    BBC News - UK economy grows a faster-than-expected 0.8%

    Sounds impressive until you realise that this is driven by construction. In other words, we haven't sold more to the rest of the world and earned some extra money - it's just some guys have built some buildings - somehow this counts as growth.

    Now apparently we "grew" from 1993 to 2007.
    Yet before that period of "growth" dentistry and education were free. After this period of "growth", suddenly we couldn't afford free dentistry or education or armed forces.

    Somehow I'm feeling the current definition of growth is somehow a pile of bollux.
    Hard Brexit now!
    #prayfornodeal

    #2
    Originally posted by sasguru View Post
    BBC News - UK economy grows a faster-than-expected 0.8%

    Sounds impressive until you realise that this is driven by construction. In other words, we haven't sold more to the rest of the world and earned some extra money - it's just some guys have built some buildings - somehow this counts as growth.
    Well, it is sort of growth, in a sort of upward, brick based manner; it makes the landscape a bit taller, on average, erm, ish. Unless the quarries have to be made deeper, but you can fill them in with used disposable nappies.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      Originally posted by sasguru View Post
      BBC News - UK economy grows a faster-than-expected 0.8%

      Sounds impressive until you realise that this is driven by construction. In other words, we haven't sold more to the rest of the world and earned some extra money - it's just some guys have built some buildings - somehow this counts as growth.

      Now apparently we "grew" from 1993 to 2007.
      Yet before that period of "growth" dentistry and education were free. After this period of "growth", suddenly we couldn't afford free dentistry or education or armed forces.

      Somehow I'm feeling the current definition of growth is somehow a pile of bollux.
      yep. we just shifted stuff around thats all, we got less teeth, brains and soldiers, and a load more tax inspectors and quangoristas.

      its growth jim, but not as we know it



      (\__/)
      (>'.'<)
      ("")("") Born to Drink. Forced to Work

      Comment


        #4
        Originally posted by EternalOptimist View Post
        yep. we just shifted stuff around thats all, we got less teeth, brains and soldiers, and a load more tax inspectors and quangoristas.

        its growth jim, but not as we know it



        I bet the clipboard industry have done well.
        And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

        Comment


          #5
          Originally posted by Mich the Tester View Post
          I bet the clipboard industry have done well.
          Likewise the high-vis vest industry.
          You won't be alerting anyone to anything with a mouthful of mixed seeds.

          Comment


            #6
            Originally posted by GreenLabel View Post
            Likewise the high-vis vest industry.
            Therapists who treat adenoidal voice and goatee beard syndrome have a bright future.
            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              If we keep growing at this rate soon we'll be really, really poor.
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by sasguru View Post
                Somehow I'm feeling the current definition of growth is somehow a pile of bollux.
                It can probably all be explained with a slack handful of hockeystick graphs.

                “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

                Comment


                  #9
                  GDP is meant to be inflation adjusted, but we know that official rate of inflation is total tulip - consequently if you factor in real life expenses GDP has fallen by good 25-30% in the last few years.

                  Remember, you heard it on here first...

                  Comment


                    #10
                    Originally posted by AtW View Post
                    ...but we know that official rate of inflation is total tulip...
                    You know this how?
                    You won't be alerting anyone to anything with a mouthful of mixed seeds.

                    Comment

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