UK economic growth revised up to 0.3%

[Moscow Mule]

Nope.

http://blogs.telegraph.co.uk/finance...-revised-down/

The "growth" was due to Q3 being revised down & Q4 being flat(ish)!

[HairyArsedBloke]

I've just had a quick look at the stats: Sminki

The 'growth' has been down to services. Drilling down further we find that it is comprised of 0.2 from distribution, hotels, and catering; and 0.1 from business services and finance.

So what these figures show is that the UK has gotten itself out of recession by going down the pub over the xmas period and shoving it on the plastic.

As the Septics would say, "Way to go UK"

[minestrone]

Just waiting on the fat man to call the election now.

[DimPrawn]

Early election it is then.

I had one of those this morning.

[MrMark]

Early election it is then.

with a normal human being as PM, and with a modicum of back-bone, I'd agree with you. Remember we're talking about Gordon Brown here though.

[Doggy Styles]

Early election it is then.

[TimberWolf]

Erm, they don't produce the data. It's done by the ONS.

FWIW, the YoY figure was revised downwards to -3.3% which probably explains the drop in the value of the pound.

Ah, I was wondering whether the market thought the revised figures suggested a hung parliament was more likely.

[doodab]

I'd love this to be true but I've no confidence whatsoever in the Labour parties' ability to produce valid data on this and by sampling they can say anything that they like, after all.

Erm, they don't produce the data. It's done by the ONS.

FWIW, the YoY figure was revised downwards to -3.3% which probably explains the drop in the value of the pound.

[Menelaus]

http://news.bbc.co.uk/1/hi/business/8538293.stm

The Pound has started to recover a bit today.

I'd love this to be true but I've no confidence whatsoever in the Labour parties' ability to produce valid data on this and by sampling they can say anything that they like, after all.

[HairyArsedBloke]

Better than expected upward revision to the GDP figures supporting belief that the UK has emerged from recession and .....

.... nobody gives a frak. FTSE unmoved, and - apart from a bit of bouncing around when the figures came out - so is Cable.

[TimberWolf]

The Pound has started to recover a bit today.

Umm, well it was showing a small recovery earlier this morning, but is dropping against the Euro now.

[Moscow Mule]

<Labour spin>

200% increase in GDP!!!

</Labour Spin>

[TimberWolf]

http://news.bbc.co.uk/1/hi/business/8538293.stm

The Pound has started to recover a bit today.