The British economy shrank by 0.2% in the fourth quarter of 2011

[Joeman]

Cut too much? He's hardly got started. The deficit is still above £100 billion per annum. If he cut much less it would still be ballooning, Labour-style.

yep, Labour broke it, handed over a bankrupt UK to the coalition.

Coalition are trying to fix it, and people want them to resign!!

When this all gets sorted, Labour will no doubt get vioted back in, and the cyle will start again... its always the way, Labour break it, Conservatives fix it, just in time for labour to get voted back in to break it again...

[AtW]

Coalition are trying to fix it, and people want them to resign!!

Coalition is talking about fixing it to calm the markets but actually does not do much cuts.

[d000hg]

Shadow Government Statistics : Home Page

That site's a bit heavy - does it list their version of quarterly growth over the last decade to support your claim?

I found this:

But they say

This is not the annualized quarterly rate of change that serves as the headline number for the series.

So I'm not sure - is that the right graph on which to decide if we're in a recession according to the definition?

[BrilloPad]

Coalition is talking about fixing it to calm the markets but actually does not do much cuts.

Its very true - and it should not be doing much cutting. Enough to convince the markets without leading us into depression.

[russell]

yep, Labour broke it, handed over a bankrupt UK to the coalition.

Coalition are trying to fix it, and people want them to resign!!

When this all gets sorted, Labour will no doubt get vioted back in, and the cyle will start again... its always the way, Labour break it, Conservatives fix it, just in time for labour to get voted back in to break it again...

Nope the banks broke it due to greed and deregulation which was set off by the tories in the 80's. I love how morons like yourself blame it all on Labour, every noticed that the most of the world have similar economic issues with debt?

HTH

[Bunk]

Nope the banks broke it due to greed and deregulation which was set off by the tories in the 80's. I love how morons like yourself blame it all on Labour, every noticed that the most of the world have similar economic issues with debt?

HTH

Hold on, you were just blaming it on the Tories. So it's not Labour's fault because the rest of the world has similar problems but it is the Tories fault?

[AtW]

Nope the banks broke it due to greed and deregulation which was set off by the tories in the 80's. I love how morons like yourself blame it all on Labour, every noticed that the most of the world have similar economic issues with debt?

WHS

Labour just continued what Tories started - same with PFI, granted Tories would not go that far but they are far from being innocent in this one.

[russell]

Hold on, you were just blaming it on the Tories. So it's not Labour's fault because the rest of the world has similar problems but it is the Tories fault?

It's a global problem set off by various governments who were puppets of the various Investment Banks/Funds etc in the 80's, including the tories.

[Bunk]

It's a global problem set off by various governments who were puppets of the various Investment Banks/Funds etc in the 80's, including the tories.

And continued by Labour in the 90's/00's?

[BrilloPad]

Nope the banks broke it due to greed and deregulation which was set off by the tories in the 80's. I love how morons like yourself blame it all on Labour, every noticed that the most of the world have similar economic issues with debt?

HTH

If Labour did not like the way the banks worked then why not stop them? They had from 1997 to 2007. But they loved it - they wanted the banks to get wild. And so did the population. Let the good times roll forever etcetc.

Labour could have helped by not doing a Viv Nicholson and going on a "spend, spend, spend". Now the Torys are having to make cuts - but in spite of them the debt is still going up due to interest payments and that the UK is still living beyond its means.

Some countries have set up a sovereign wealth fund - why not the UK?