Uk Economy.

Farriercm | 20:27 Fri 25th Jul 2014 | News

55 Answers

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?

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agchristie

Its supposed to be called the er... 'feel good factor' kicking in from a not so 'broken Britain'...

Baldric

Can you supply a Link to substantiate the above please?

Buenchico

There's a downside to everything:
http://www.bbc.co.uk/news/business-28332400

agchristie

By the way,unemployment has not fallen here in the north-east... Mrs Thatcher was well respected here when she said we were 'moaning minnies'...

Buenchico

For Baldric:
http://www.bbc.co.uk/news/business-28479902

Baldric

Thanks Chris, appreciated!

ladybirder

True Farrier. I'm sure you'll be pleased to hear that we are the fastest growing economy in the developed world.

http://www.dailymail.co.uk/news/article-2704372/Britain-s-economy-growing-TWICE-expected-rate-year-ago-storms-ahead-major-rival.html

Farriercm

Question Author

Baldric, do try and keep up with the rest of the class.

Farriercm

Question Author

DEVELOPED? Ladybirder?

Baldric

Farrier, give links a try, they are really simple, you should get on well!
;-)

Buenchico

That's typically inaccurate Daily Mail reporting, Ladybirder!

The IMF report expects the UK's economic growth to be the highest within the G7 group of nations. The Daily Mail correctly reports that as "Puts Britain ahead of the US, Germany, France, Canada, Japan and Italy" (since those are the other 6 members of G7) but then goes on to inaccurately state: "Britain will be the best performing major economy in the developed world", conveniently ignoring countries with far faster growing economies, such as China, India, Brazil and many others.

ladybirder

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. That'll do for me.

Zacs-Master

People who were in work have been working harder for the same pay through the 'recession' boosting productivity. Most people (myself included) haven't had a pay rise for several years, which are both skewing the figures.

DaisyNonna

We plebs will not profit by it.

Farriercm

Question Author

Ladybirder, take of those rose coloured Spectacles, Germany has the fastest Rising economy , in your so called developed countries. You are obviously an Osbornite.

naomi24

Farrier, have you checked property prices? You could be in for a bit of a bonus. ;o)

seadogg

Like all statistics it tells only half the story. We started at a relatively low base after the Great Banking Fiasco triggered the recession so the rate of growth is bound to look higher than our competitors.

Zacs-Master