UK shrinking fast

[ace00]

Not all shrinkage:

........................
The study of “Soviet Britain” has found the government’s share of output and expenditure has now surged to more than 60% in some areas of England and over 70% elsewhere. [...]

Across the whole of the UK, 49% of the economy will consist of state spending, while in Wales, the figure will be 71.6% – up from 59% in 2004-5. Nowhere in mainland Britain, however, comes close to Northern Ireland, where the state is responsible for 77.6% of spending, despite the supposed resurgence of the economy after the end of the Troubles.

*All units to attend their local government centre for re-assignment.*

[bogeyman]

Absolutely! People who grumble about the doom mongers posting here forget that simple point. While GB and Labour are in charge, each new UK disaster is a cause for celebration!

I can just hear all the Honda employees who have been laid off cheering for that one OH.

Hip hip... ... ...

[OwlHoot]

I almost hope recovery does not start until Mid 2010. Would be nice to get rid of GB.

Absolutely! People who grumble about the doom mongers posting here forget that simple point. While GB and Labour are in charge, each new UK disaster is a cause for celebration!

[Doggy Styles]

2.7% is optimistic considering the -1.5% we saw in Q4 2008.

Surely we are looking at closer to -4-5% for 2009!

You are probably right. Up to now all forecasts for the UK have proved to be wildly optimistic, including from the IMF. Good Old Gordon. What a useless c*** he is proving to be.

[AlfredJPruffock]

The UK is currenlty revolving at 900 miles per hour.

[Solidec]

2.7% is optimistic considering the -1.5% we saw in Q4 2008.

Surely we are looking at closer to -4-5% for 2009!

[Gonzo]

The UK economy will shrink by 2.7% in 2009, its worst performance for 60 years, says the National Institute of Economic and Social Research (NIESR).

That's a scary amount. Are people ready for that? Hang on to your hats!

[BrilloPad]

I almost hope recovery does not start until Mid 2010. Would be nice to get rid of GB.

[AlfredJPruffock]

http://news.bbc.co.uk/1/hi/business/7868975.stm

The UK economy will shrink by 2.7% in 2009, its worst performance for 60 years, says the National Institute of Economic and Social Research (NIESR).

As recently as October, the NIESR was only predicting a 0.9% decline.

The think-tank predicted the recovery would begin in the third quarter of 2009, but said it would be "feeble", with growth of just 0.6% in 2010.

It said the economy would be hit by a 3.8% fall in consumer spending and 8.8% drop in business investment this year.


Thanks Gordon (and Blair) for laying the path to a smaller, more compact UK economy.

Too darn bad !!!

Alf is bigger and better in 2009 - and that is all that matters.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7868975.stm

The UK economy will shrink by 2.7% in 2009, its worst performance for 60 years, says the National Institute of Economic and Social Research (NIESR).

As recently as October, the NIESR was only predicting a 0.9% decline.

The think-tank predicted the recovery would begin in the third quarter of 2009, but said it would be "feeble", with growth of just 0.6% in 2010.

It said the economy would be hit by a 3.8% fall in consumer spending and 8.8% drop in business investment this year.


Thanks Gordon (and Blair) for laying the path to a smaller, more compact UK economy.