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

[BrilloPad]

Anyone for a double dip?

[Paddy]

Anyone for a double dip?

The UK and USA has been in recession for over ten years. It is only the government fiddling figures that have masked it. We all know that inflation figures are faked and if GDP verses true inflation is calculated; we have been in recession for many years, the difference is that in 2008 recession accelerated.

There is worse to come, quantitive easing has put a massive amount of money in the banking system, at the moment that money is locked in bonds and investments, some time in the future that money has to be converted and flow in the market; at that time it will cause hyper-inflation.

[sasguru]

What recession? Tubes and trains are full in rush hour, motorways are jam-packed, you still have to book restuarants as they're so full, theatres and cinemas are packed. Or is that just in London?
If this is recession WTF is boom like?

[DimPrawn]

What recession? Tubes and trains are full in rush hour, motorways are jam-packed, you still have to book restuarants as they're so full, theatres and cinemas are packed. Or is that just in London?
If this is recession WTF is boom like?

Boom is when people outside London can afford a wash.

[Paddy]

What recession? Tubes and trains are full in rush hour, motorways are jam-packed, you still have to book restuarants as they're so full, theatres and cinemas are packed. Or is that just in London?
If this is recession WTF is boom like?

Thank you Marie Antoinette.

[BrilloPad]

What recession? Tubes and trains are full in rush hour, motorways are jam-packed, you still have to book restuarants as they're so full, theatres and cinemas are packed. Or is that just in London?
If this is recession WTF is boom like?

London has lots of banks which have been given billions by the government. Its almost like a separate country. In fact, why doesn't London leave the union?

[DimPrawn]

London has lots of banks which have been given billions by the government. Its almost like a separate country. In fact, why doesn't London leave the union?

Got it in one.

ConDems are squeezing the rest of the UK's balls to feed investment banks free money and that free money feeds into London, making it Yuppie boom time in the capital.

Funny thing everyone outside London seems to be doing nothing about it.

Kill the old banks, create new banks under new rules, ban investment banking, as like all gambling, it loses money in the long run.

[fullyautomatix]

Last 3 months of year, this includes Decemeber when you find that the masses have over spent on their credit cards. This is potentially bad but not unexpected.

The Labour "boom" years were fuelled by people borrowing cheaply via loans, mortgage equity withdrawal etc . Now that train has shuddered to a halt and we are seeing a correction.

[Paddy]

Got it in one.

ConDems are squeezing the rest of the UK's balls to feed investment banks free money and that free money feeds into London, making it Yuppie boom time in the capital.

Funny thing everyone outside London seems to be doing nothing about it.

Kill the old banks, create new banks under new rules, ban investment banking, as like all gambling, it loses money in the long run.

Exactly. One thing stopping it: Banks donate to the parties.

[Joeman]

What recession? Tubes and trains are full in rush hour, motorways are jam-packed, you still have to book restuarants as they're so full, theatres and cinemas are packed. Or is that just in London?
If this is recession WTF is boom like?

If you're working, its the best times we've had for ages! mortgage rates are low, great discounted deals to be found in most shops, food outlets doing 2-for-1 meal deals, if only VAT would drop back to 15% we would be laughing!!