british economy hits slowest growth in 12 years

[sappatz]

http://www.economist.com/agenda/disp...ory_id=4246182

Tony bliar's economic paradise ? my ass !

[Lucifer Box]

He told me it was the best place in the world to do eBusiness. So it must be true.

[GiGo]

it managed to avoid the recessions that plagued other industrialised countries after the collapse of the dotcom bubble

What crap. Most people working here in finance, telecoms or IT, mid 2001 thru 9-11 and into 2002, found the UK environment extremely tough.

[motoukenin]

Dont take this personal

The figures for 2001 - 2003 were massaged by Govt departments to make the economy look good , the other countries were only envious of the UK's sophisticated statistical smudging and will only be picking up the phone to talk to mr Brown on how to produce similar amazing results for their own economies

For most people 2001 - 2003 was a hard time and for some contractors the good times have only just begun so why are contractors so interested in such charts, the reason is the same as why so many people like to read their horoscopes , they know its sh!t but why not check anyway.


The only figures contractors should keep an eye on are the small print that gets added to the budgets every year in March , they have a bigger effect on your lives and when the tax man decides to pick UK Ltd up and shake until all the money falls out its pockets then contractors do seem to get hit harder.

This is because contractors have a stigma attached to them which seems to suggest that they earn more money but pay less tax. Dawn Primarolo picked up on this back in 2000 but by the time the UK had sorted out the legislation it was too late and her masterplan was failing.

So in short your on the fecking Govts hit list of groups of tax payers that deserve special attention , if Gordon Brown was madam Sin then contractors would be the new high speed double penetrator that Mr Brown loves to share with his treasury sacksuckers. Just wait another year and they will find some other poor tax minority to shaft.

The truth of the UK economy is that its held up by Oil income , which has netted the UK Govt billions but its still in debt due to the high expenditure on Hospitals , Schools and Infrastructure and the MOD's warchest getting a far higher frequency of cash injection right now.

Also as many contractors now work abroad this chart will have a lot less to do with being a crystal ball for contractors and more of a general warning for UK HM Gov to stat making ends meet.

[DimPrawn]

here here!

The ecoonmic "miracle" has been smoke and mirrors funded by over £1 trillion of debt. The parties over.

[SupremeSpod]

here here!

The ecoonmic "miracle" has been smoke and mirrors funded by over £1 trillion of debt. The parties over.

Time for a civil war mefinks!

[BlasterBates]

Nothing like a refreshing dip into a recession to cleanse the economy.

[WageSlave]

Nothing like a refreshing dip into a recession to cleanse the economy.

During the last UK recession, what was the contracting market like? I was still at school

[OwlHoot]

Nothing like a refreshing dip into a recession to cleanse the economy.

"Recessions catch what the auditors miss"

J K Galbraith

[BobTheCrate]

"Recessions catch what the auditors miss"

Apart from the useless battalions of self important H.R staff and their stupid academic theories.[/QUOTE]

Their logic goes, "the less staff the company employs, the more important our job becomes".

The economic "miracle" has been smoke and mirrors funded by over £1 trillion of debt.

I'll 2nd that.