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UK expected to exit its recession
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=3600		 Page 1 of 1
Author:  pcernie [ Thu Oct 22, 2009 11:36 pm ]
Post subject:  UK expected to exit its recession
http://news.bbc.co.uk/1/hi/business/8320373.stm

Quote:
Figures due on Friday at 0930 BST are expected to show that the UK economy grew between July and September, meaning the recession is over.


Marvelous, trebles all round! :lol: :roll:
Author:  Amnesia10 [ Fri Oct 23, 2009 12:32 am ]
Post subject:  Re: UK expected to exit its recession
I do hope so but I think that we are all in for a painful recovery. Businesses will need to re-capitalise and de-lever themselves. That means jobs will not be the first priority for businesses. They will want to stabilise their future. Only then will they start recruiting. Though the possible good news is that there will be an improvement in exports which will help.
Author:  james016 [ Fri Oct 23, 2009 10:05 am ]
Post subject:  Re: UK expected to exit its recession
http://news.bbc.co.uk/1/hi/business/8321970.stm

It shrank by 0.4%. Still in recession.
Author:  bobbdobbs [ Fri Oct 23, 2009 10:36 am ]
Post subject:  Re: UK expected to exit its recession
Quote:
It is the first time UK gross domestic product (GDP) has contracted for six consecutive quarters, since quarterly figures were first recorded in 1955.


Not a good first for Mr Brown. A tragic figure that will be remembered as the poor sod who got his wish of being leader, just as the [LIFTED] hit the fan.
Author:  pcernie [ Fri Oct 23, 2009 12:21 pm ]
Post subject:  Re: UK expected to exit its recession
james016 wrote:
http://news.bbc.co.uk/1/hi/business/8321970.stm

It shrank by 0.4%. Still in recession.


You've saved me posting that - I did have a dark kinda chuckle to myself once I heard :twisted:
Author:  Amnesia10 [ Fri Oct 23, 2009 1:32 pm ]
Post subject:  Re: UK expected to exit its recession
bobbdobbs wrote:
Quote:
It is the first time UK gross domestic product (GDP) has contracted for six consecutive quarters, since quarterly figures were first recorded in 1955.


Not a good first for Mr Brown. A tragic figure that will be remembered as the poor sod who got his wish of being leader, just as the [LIFTED] hit the fan.

Yes but he was the one who set up the regulation regime which failed to identify the problems. So in many ways he deserves the blame for the impact on the economy. Northern Rock had a lousy business model which the regulators should have stamped on. Then the same applies to many of the other banks and building societies.
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