UK GDP for 2013 Q3 is 0,8% (25Oct13)
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The ONS release the latest bull UK GDP figures for 2013 Q3, claiming there is 0.8% growth, but miss out the figures that it's nearly all bought with more borrowing and debt. That is not real growth. When that borrowing is called in, the companies colllapse. Recorded from Sky News, 25 October 2013.
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<1% GDP growth. Welcome to the new normal for the fully industrialised or as I'm calling them, deindustrialising countries. Formerly called 'the first world nations'.
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Far worse.
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Worse, Their opposition to austerity would have led us to having an even bigger deficit than the £160bn it was when they left office. Our credit rating would have been slashed, confidence would have plummeted, mortgages would be much more expensive. It'd be a disaster.
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gnats widge of growth
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That about sums it up. Don't forget the stimulus!
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So by 2015 we may be back to where we were in 2008? Meaning we've gone nowhere for 7 grim years? Meanwhile government debt is over a trillion? & deficit still not erased?
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The look on there faces say's it all really.
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Orwellian Truthspeak
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i think they meant -0.8%,
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