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DimPrawn
21st July 2006, 09:14
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
21st July 2006, 09:24
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
21st July 2006, 09:50
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
21st July 2006, 09:51
If you stay in the UK, then yes, you gotta pay it back.

TheMonkey
21st July 2006, 10:49
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
21st July 2006, 10:52
Beruit look a sure thing for the buy-to-let market... once things quieten down

DimPrawn
21st July 2006, 11:11
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
21st July 2006, 11:12
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
21st July 2006, 11:14
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
21st July 2006, 16:41
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.

Fungus
21st July 2006, 21:06
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.

Let's just outsource procreation.

mcquiggd
21st July 2006, 21:41
Effectively, new labour policy has already achieved that.

wendigo100
21st July 2006, 22:09
I remember reading this story.

SF, naturally.

It was a sort of future history of the invention of interstellar travel via transmat machines..I read a similar story. The punchline, which never occurred to anyone except one bloke who kept it to himself, is that you always died when you used one.

With transmat machines, an exact replica of you is created at the other end, with all your memories, blissfully unaware of what happened. But it isn't you. Your concious existence ended when your atoms were taken apart and you were exterminated.

So, after reading that I've never uses a transmat machine.

stackpole
21st July 2006, 22:35
I won't either, from now on.

What about the 12 fingers though? Spooky.

hyperD
23rd July 2006, 09:43
SF, naturally.

The punch line comes when the narrator describes how in the twinkling of an eye the human race suddenly had 12 fingers rather than the 10 they'd started out with...
SF? No, it's already started!!

http://dyronman.com/59/img_Oct_15_2005_03_51?display=xsmall

http://members.chello.se/harryperonius/india/sadhu/6fingers_hand.JPG

lORD lUCAN
24th July 2006, 07:15
… 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)

Its called Missing Trader, and we're roughly loosing 2-3 billion per year because of it. Just to put it into perspective, that would be around 200 newly built hospitals. New Labour, New Lie....