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View Full Version : UK economic growth revised up to 0.6%



AtW
22nd December 2011, 20:47
Good news surely?

"The UK economy grew by 0.6% between July and September, official figures have shown, faster than previous estimates of 0.5%.

However, the growth estimate for the second quarter of the year was revised down from 0.1% to zero by the Office for National Statistics (ONS).

The office also said the UK's current account deficit in the same period was £15.2bn, the highest on record."

Source: BBC News - UK economic growth revised up to 0.6% (http://www.bbc.co.uk/news/business-16300104)

Just for the benefit of Freamonger this is the current account (http://en.wikipedia.org/wiki/Current_account) meant in the article.

http://www.ons.gov.uk/ons/resources/eunoneucurrentaccountbalance2011q3_tcm77-250191.png

"A deficit of £13.8 billion was recorded with the EU in the third quarter of 2011, compared with a deficit of £7.2 billion in the previous quarter."

Source: http://www.ons.gov.uk/ons/rel/bop/balance-of-payments/3rd-quarter-2011/stb-bop-3rd-quarter-2011.html

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It's ok, Sir Merv will print more money next year and all will be well :eyes

Troll
22nd December 2011, 20:49
dead cat bounce....

TimberWolf
22nd December 2011, 21:05
Printing will save the day, always has, always will. Course, we will need a new currency afterward: beans and guns.

AtW
22nd December 2011, 21:06
beans and guns.

Those with the guns will be eating caviar :eyes

MarillionFan
22nd December 2011, 21:09
Those with the guns will be eating caviar :eyes

Nope.

Those with the nukes will be eating radioactive sturgeon.

TimberWolf
22nd December 2011, 21:13
Where do you buy a gun anyway? France?

AtW
22nd December 2011, 21:16
Where do you buy a gun anyway? France?

Anywhere apart from UK?

TimberWolf
22nd December 2011, 21:33
Those with the guns will be eating caviar :eyes

On this day (http://en.wikipedia.org/wiki/Bernhard_Goetz)

AtW
22nd December 2011, 21:36
On this day (http://en.wikipedia.org/wiki/Bernhard_Goetz)

Around 8-10 people on average die in UK every day as the result of fatal car crashes.

Troll
22nd December 2011, 21:38
Anywhere apart from UK?Oh... I don't know - I've offered illegal firearms twice in the past 10 years in the UK

AtW
22nd December 2011, 21:50
Oh... I don't know - I've offered illegal firearms twice in the past 10 years in the UK

Considering a CS gas can and an auto paintball gun can be classed as firearms this isn't suprising :eyes