Uk Economy.

[Farriercm]

What the hell in happening, state owned banks have suddenly started making profits, unemployment has dropped ,GDP is up there are more people in work than ever, the recession is over, says Osborne .
Is there something happening in the year 2015, that we have not been told about Georgie Boy , how stupid do the Cons really think we are?

[ladybirder]

Have you got a link to that please Farrier?

The BBC report doesn't agree with you.
http://www.bbc.co.uk/news/business-28480145

[ladybirder]

Me too Daisy:-(

[DaisyNonna]

Feel a splurge coming on.

[Buenchico]

>>>It also says the International Monetary Fund now expects the British economy to grow by 3.2 per cent this year, faster than every major economy.

But that's NOT what the IMF said, Ladybirder.

The projected growth for China is 7.4%, for India 5.4%, for the ASEAN nations 4.6%, for Sub-Saharan Africa 5.4%, for Emerging and Developing Asia 6.4%. Surely you're not saying that China and India aren't 'major economies', are you?

[Zacs-Master]

Maybe major 'European' economy?

[Milvus]

Additionally I don't think Osborne said the recession was over. Only that, as GDP had returned to pre-crisis values, we has reached a major milestone.

[jno]

good piece here by the excellent Tony Hilton on why "Britain's doing well" doesn't mean many people are doing well

http://www.standard.co.uk/comment/anthony-hilton-inequality-is-the-real-challenge-for-the-economy-9625535.html

[ladybirder]

The chart I'm trying to copy but having no luck is in the link I provided at 21.43. It's more than Europe, it says UK, US, Eurozone, Germany, France, Italy, Japan and Canada. Further down it says ...

>>The latest upgrade was the largest positive revision for any country in the G7 – which also includes the US, Canada, Japan, Germany, France and Italy – and the BRIC economies of Brazil, Russia, India and China.

[Old_Geezer]

Good news then. So we'll all now get the pay rises we've been denied, and our savings will get a more realistic rate of interest then ?

[DaisyNonna]

Will just continue to plough my own furrow

[ladybirder]

Me too Daisy.

sorry, not stalking you:-)

[Buenchico]

The graphic you're trying to copy seems to be this one, Ladybirder:
http://i.dailymail.co.uk/i/pix/2014/07/24/1406213721016_wps_6_Picture_Device_Independen.jpg

I have no problem with the information shown there but the sentence immediately underneath it states "The International Monetary Fund now expects the British economy to grow by 3.2 per cent this year, faster than every major economy", as quoted by you above. As I pointed out at 22:54, that is wholly inaccurate!

Primary sources are always best, Ladybirder!
http://www.imf.org/external/pubs/ft/weo/2014/update/02/

[DaisyNonna]

Not a problem ladybirder.
Contemplating a trip to New Zealand. If that depletes my savings am I helping or hindering the economy?

[ladybirder]

*** the economy, you go and enjoy yourself DN.

Thanks Chris, that's the one. I'll read the other link tomorrow, too tired now but thanks for getting it from the horse's mouth.

[DaisyNonna]

Hove, ladybirder? Me, Worthing.

[jno]

depends where your money goes, Daisy. No doubt some of it will be departure tax, which will help Osborne a lot, and some will go to Heathrow workers. If you book a tour through a British company, they'll take a cut. But if you just fly out and arrange travel when you get there you'll probably help the NZ economy more. Lots of hobbits will thank you.

[anotheoldgit]

Can we take the risk of Labour getting us back in the mess if they happen to win the next election?

[dave50]

So all you cynical lot on here think it's all a big lie concocted by the Tories to try to win next year's election? Going by that then, you must all be planning on voting Labour next year. You must all have very short memories.

[mikey4444]

I have just heard Danny Alexander being interviewed on the Today program, and he had to admit that peoples spending power was still way behind what it was before 2010. It takes more than a few stuffed shirts to announce that the "recession" is over, when we still have huge numbers of people unemployed and even larger numbers of people on such low wages, that they still qualify for state support. Its worth bearing in mind that the majority of people that claim state handouts are not the unemployed but the poorly paid. If you ask the average person if they feel better off than they did in 2010, few will answer yes.

[agchristie]

And as Ive said earlier Mikey unemployment and poor prospects is a real issue here in the north east...