Boom!

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/5202250.stm


The UK economy grew at its fastest rate for two years in the second quarter of this year, the Office for National Statistics (ONS) has said.
UK GDP grew by 0.8% between April and June, compared to the previous quarter.

This took the growth rate up to 2.6% and boosted chances that the Bank of England will raise interest rates soon.

Analysts had expected GDP to grow at 0.7% during the quarter.

[Clog II The Avenger]

http://news.bbc.co.uk/1/hi/business/5202250.stm


The UK economy grew at its fastest rate for two years in the second quarter of this year, the Office for National Statistics (ONS) has said.
UK GDP grew by 0.8% between April and June, compared to the previous quarter.

This took the growth rate up to 2.6% and boosted chances that the Bank of England will raise interest rates soon.

Analysts had expected GDP to grow at 0.7% during the quarter.

… with the caveat that because of the substantial amount of VAT fraud the figures are probably grossly distorted. ( fraudulently claiming back vat on bogus imports and then re-exporting the same goods several times over to claim even more VAT)

[wendigo100]

As I understand it, it is because the UK is now borrowing a record 7 billion a month to fuel growth in the public sector.

We have to pay all that back one day.

[DimPrawn]

If you stay in the UK, then yes, you gotta pay it back.

[TheMonkey]

I'm not staying in the UK. Currently thinking about saving up a vast amount of cash and going somewhere else and declaring sanity asylum.

Should move to bagdhad. Less foreigners there!

[Troll]

Beruit look a sure thing for the buy-to-let market... once things quieten down

[DimPrawn]

Think of the opportunities for builders, plumbers and the like in the Lebannon, Iraq and soon to be Syria and Iran.

Boom! leads not to bust but to boom.

[AtW]

Think of the opportunities for builders, plumbers and the like in the Lebannon, Iraq and soon to be Syria and Iran.

Its a good job to be fair, here is how they do it in Chechnya: take money for work, do nothing, then claim work was blown up by terrorists so it has to be started again.

[snaw]

Its a good job to be fair, here is how they do it in Chechnya: take money for work, do nothing, then claim work was blown up by terrorists so it has to be started again.

Sounds like our government ...

[mcquiggd]

No no no, its due to Prudence and mass immigration. Without the influx of half a million high earning honest taypaying super qualified good looking foreigners, us useless Brits would be well screwed.

Lets hope the Royal Navy is rushing home with yet more talented brain surgeons, particle physicists, and 'consultants' from Lebanon.

Immigration. You know its good for you. Beats having kids.