UK 2014 Q2 GDP 0.8%, 'growth' pre 2008 'recession' level (25July14)
Economy | Information | History | Online | Facts | World | Global | Money
The ONS figures for 2014 Q2 GDP claimed UK is 0.8, highest growth back to pre-2008 "recession" levels. Recorded from BBC News Channel HD, 25 July 2014.
Comments
-
@3.04"changing the way we measure our GDP!" Hmmm, my interpretation of that is "fiddling the figures!" Nothing new there then!
-
To have strong growth we need to dramatically cut the size of the state to around 35% of GDP or less so taxes can be cut: 20% rates on income, corporation and VAT taxes, first £15,000 tax free, abolish capital taxes, N.I and air passenger duty and slash fuel duty by alteast 10p a litre. Now the difficult part will be to convince so many left wing people that there will be no big welfare state and high levels of spending on public services as more spending doesn't always improve services.
-
The economy might be technically improving but it is is really being boosted by debt, unrealistically low interest rates and a housing bubble. And no doubt that the statistics are being fiddled to make it seem like things are better than they really are. The banks, Government and the Media are no doubt working together to try and inspire a feeling of confidence in the economy but they are trying to con us. We are in decline because a few very rich and powerful bankers and organisations are sucking the life out of Western economies and they refuse to change
-
Utter bullshit from the beeb
-
@ MrNipflicker That EU rule doesn't come into affected until September.
-
And to think that a Miliband Government next year could put an end to this improving economy. A horrifying thought.
-
A strong service sector thanks to demand for foodbanks
-
Aren't IMF growth predictions always wrong?
5m 17sLenght
5Rating