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Gordon has saved us. Again. He really is a miracle worker Economic growth of 0.1%. We'll have none of your cynical nonsense about massaging figures! Or the fact that 0.1% of **** all is still **** all
I hope you're all duly grateful.
As a nod to those who may still be suffering I've decided to join my comrades at Goldman Sachs and cap my bonus at £1,000,000 this year.
Now.... Kristal or Bollinger old chap?
were we in one?
Economic growth of 0.1%
Provisional figures only
That 0.1% is an initial estimate based on less than half the full data set, so is subject to revision (up or down) in due course. But somehow the revisions never make the same headlines as the intial release, so if it turns out that we're stagnant or still in recession (as it seems according to lots of small businesses round here) then we'll never know.
Thank you Gordo for leading us into the light.
Just was well we were/are "best placed" to weather the economic storm, eh?
Phew, we can get back to never ending growth with no consequences 🙄
Yah for capitalism and growth - why do we need growth anyway? Cant wait for the inflation that will follow. I am excited - thankfully Dave and the other multi-millionaire Osborne - heir to the Osborne baronetcy - will be in power to help ordinary folk weather the storm they are immune from.
Just the small matter of paying back all the money we've borrowed now. 😕
Don't worry about that Jimster - ordinary man Dave said he'll have a root down the back of the sofa to see what spare change he can find. That'll cover it.
why do we need growth anyway?
Erm, to pay off our massive debts, to pay for the NHS, to pay for the emergency services, to pay for education etc. etc. etc. Oh, and the little matter of the mahooooosive debt we are in as a country. Or did I already mention that?
But no, let's not have any growth. Let's simply stagnate as we are, after all, everything's great isn't it?
As Jimster says - we now have to pay back all the money we borrowed to ensure the Bankers can be kept in the lifestyle to which they have become accustomed.
I know the OP was in irony and I do appreciate that but I find it hard to find anything ammusing about the pain I'm going to feel with increased costs, taxes and boy, inflation is going to be nice too.
"Depressed of Tunbridge Wells"
Let us hope that all the other countries in the G20 can soon follow us out of their recessions. I feel that it is most unfair that we selfishly hog the economic genius of our Great Leader instead of sharing his undoubted brilliance with the less fortunate.
Erm, to pay off our massive debts, to pay for the NHS, to pay for the emergency services, to pay for education etc. etc. etc.
I thought you were all for small govt are you now arguing the state should be bigger 😉
Growth simply means more consumption and less people doing the same work. If we could all eat last year why do we need more year after year after year. My point is this obseesion with growth - which means an obssession with consuming- is implicated in this entire problem. Didn't bankers want more growth in their profits so they lent money to riskier people/products? Sub prime for example. Growth is not good or essential it is like an annual measure of greed.
I know I am being a bit naive here but surely you see what I mean - everything is finite but we must have more of it - clearly an unsustainable goal.
Oh bugger off. Tell me
a) what growth would have been if they had done nothing
b) what you would rather have done instead and exactly what effect that would have had on GDP *and exactly why*
c) why anyone else would have been better specifically for GDP.
I'm listening, Mr Genius Economist. Or are you just going to grab your keyboard and whine loudly, mm? Y'know, you'll find it's way way easier than running the country.
EDIT: That was aimed at the OP...
i don't know why everyones so hard on GB, its not like he sold off the family silver/gold now is it!
...oh hang on
Junkyard - so you don't subscribe to [url=
A film that epitomises the 80s - and maybe the 10s if ordinary bloke Dave gets in.
i don't know why everyones so hard on GB, its not like he sold off the family silver/gold now is it!...oh hang on
Don't be so cynical. At least we got top dollar for our gold reserves!
...oh hang on
0.1% Whoopy ****'in Doooo!!!!!!
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I guess I've been lucky with the last couple of recessions
This one hasn't had any effect on me that has been noticeable [yet]
I was self employed during the the early nineties one & was turning work away most weeks
The recession of the early eighties however was devastating in this [NE]part of the world, when the government of the day decided to make a concerted effort to destroy the working classes of the North
I'm 50 now & feel one hell of a lot better off now than I've ever done
anyway - the figures mean bugger all to me [that's the only measure I have]
Well fu(k me there are some idiots on here!
2nd Molgrips.
In an unparalleled crisis even our top economists weren't too sure what they were doing, quantative easing was untested etc. Can't wait for when Dave takes off his everyman mask to reveal an iron lady.
A train crashes and the resultant repairs are 'worth' x million to the economy. The train doesn't crash and the service it provides is worth x million to the economy.
Cameron and Osbourne wanted to take a course that most economists believe would have made the recession deeper and longer. The approach taken by Brown has been copied all over the world and he has won plaudits worldwide for his work in promoting the recovery
the roots of the crisis had very little to do with Browns policies ( not to say he has not made mistakes)
Osbourne has been shown to be a political and economic ignoramus by his responses to the crisis.
it was Gordon who put us on the sustainable path of a growing economy based on ever increasing personal debt, and now he's fixed the burst bubble by borrowing even more money.
he's either a genius, or an idiot.
0.1% what is the error on that figure? +-0.5%, +-0.25%???
Does anyone know?
0.1% what is the error on that figure? +-0.5%, +-0.25%???
BBC says it has been +0.3 -0.5 [url= http://news.bbc.co.uk/1/hi/business/8478419.stm ]link[/url].
I see that some on here are defending Gordon Brown their employer. They need to do this in the belief that he will magic up the money to keep them in their state funded wage and pension, so stuff every one else. Perhaps it's time that those who work in goverment funded jobs should not be allowed to vote. After all they need to keep their snout in the trough so will always vote for the one that pretends they will keep filling it with tax money.
Well done Gordon. Job done. Now **** off.
I don't work for the government. All I am saying is when you know the sum total of **** all about a subject then shut the **** up about it.
Borrowing in a crisis is why we have the very concept of credit. Yes, we borrowed a lot, would you rather have seen the great depression instead? I wouldn't.
mt
Poor and rather obvious trolling effort 🙄
mt. stop with your politics of envy. Its really really childish of you and shows you for the small minded bitter little man you are.
state employees are paid less than equivalent people in the private sector and the average pension they receive is low - barely enough to take them out of benefits, £10 000 pa is the average pension. real riches that is.
every £ that the taxpayer subsidises the state worker pension £7 goes on subsiding private pensions thru tax relief.
every £ that the taxpayer subsidises the state worker pension £7 goes on subsiding private pensions thru tax relief.
Tax relief isn't a subsidy. It's not being taxed. Not being taxed is normal. Being taxed is state organised theft.
Funny it doesn't feel too good, as I'm sat at home because the two building sites that I should be working on have just shut down 🙁
Being taxed is state organised theft.
🙄
What really makes me laugh (inside) is the people who think that Cameron et al will somehow breeze in with amazing skill and deft handling and sort everything out for us without making any mistakes, and be able to see accurately and clearly far into the future thus ensuring sound future prosperity for all.
HAHAHAHAHAHAHA****INGHAHAHA!
mt - Member
I see that some on here are defending Gordon Brown their employer. They need to do this in the belief that he will magic up the money to keep them in their state funded wage and pension, so stuff every one else. Perhaps it's time that those who work in goverment funded jobs should not be allowed to vote. After all they need to keep their snout in the trough so will always vote for the one that pretends they will keep filling it with tax money.
I'm an Accountant in the private sector, I earn more than enough to pay for my own health care, childs education (if I had them), and have no doubt that the Tories will leave me financially better off.
However I'm not a fool and I'm not a **** (begins with a C but always gets censored), so I don't beleive that Cameron and his Etonian cronies will actually make this country better for the average person.
What % of a Tory government will have had an expensive private education, how can they possibly know what it's like not to have a silver candle holder shoved up their arse, how can you even believe that they will do what is really best for you??
for the small minded bitter little man you are.
When you feel justified to throw insults you really can be a nasty piece of work. Get a better job if you're so hard done by ffs. MT's point re sticking up for your employer is a valid one whether you agree with it or not.
Not being taxed is normal
On what planet?
Go and live with hunter gatherers in the bush you idiot.
Do you drive? Go to the doctor? Use electricity, water, communication sevices? If you never paid taxes, every mile you drove on the roads would also be theft would it not?
Christ, and you have a vote too.. how bloody depressing. Makes a mockery of democracy doesn't it?
I'm an Accountant in the private sector, I earn more than enough to pay for my own health care, childs education (if I had them), and have no doubt that the Tories will leave me financially better off.However I'm not a fool and I'm not a **** (begins with a C but always gets censored), so I don't beleive that Cameron and his Etonian cronies will actually make this country better for the average person.
What a refreshing attitude.
Perhaps it's time that those who work in goverment funded jobs should not be allowed to vote
Can we ban people from voting for a government if they cannot spell the word correctly?
What % of a Tory government will have had an expensive private education, how can they possibly know what it's like not to have a silver candle holder shoved up their arse, how can you even believe that they will do what is really best for you??
Yay for inverse snobbery!
What percentage of the current Labour government have had an expensive private education and never had anything approaching a proper job? Hmmm, plenty.
The "toff" and education argument is a pathetic diversion.
Being taxed is state organised theft.
I wish I lived somewhere that only the rich had access to the education and healthcare systems, so that I wouldn't have my money stolen by the state.
🙄
every £ that the taxpayer subsidises the state worker pension £7 goes on subsiding private pensions thru tax relief.
Source please TJ?
state employees are paid less than equivalent people in the private sector and the average pension they receive is low - barely enough to take them out of benefits, £10 000 pa is the average pension. real riches that is.
There is a huge number (millions?) of people in the private sector who have very little pension provision, To get a pension of £10k a year you currently need a pension pot of around £200k. How many people in the private sector have this when they reach retirement?
Back in next month - the snow and post christmas lull will have seen to that!
Anyway, no big deal, the dissolution of Parliament will be called next week as the Glorious Leader finally goes to the country. That way he can avoid going in front of Chilcott and avoid any other financial embarrasment as and when things aren't quite as rosy for the Budget!
After all, what party would have any desire to set a budget at the moment? It'll either be outright lies or swingeing cuts! Either way, the electorate ain't going to like it!