UK economy shows fastest growth in over nine years

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lilelvis2000 replied

27 August 2010, 12:47
Originally posted by chef View Post

Gordon will be pleased, I'm sure he can somehow work it that he was the sole reason behind this news..

It all started in the US don't you know!
Leave a comment:
shaunbhoy replied

27 August 2010, 12:19
Boomed I tell ya! Watch them houseprices soar now!
Leave a comment:
TimberWolf replied

27 August 2010, 12:16
Originally posted by HairyArsedBloke View Post

Damn you AtW!

I had a bet with myself earlier that you would post this piece from the Telegraph for your daily newspaper post.

Stock market to crash in October
Leave a comment:
HairyArsedBloke replied

27 August 2010, 12:13
Damn you AtW!

I had a bet with myself earlier that you would post this piece from the Telegraph for your daily newspaper post.
Leave a comment:
AtW replied

27 August 2010, 12:08
Originally posted by TimberWolf View Post

Is that adjusted for inflation and the dropping of the £?

If real inflation was taken into account then GDP would shrink by 10% easy.
Leave a comment:
TimberWolf replied

27 August 2010, 12:06
Is that adjusted for inflation and the dropping of the £?
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chef replied

27 August 2010, 11:54
Gordon will be pleased, I'm sure he can somehow work it that he was the sole reason behind this news..
Leave a comment:
AtW started a topic UK economy shows fastest growth in over nine years

27 August 2010, 11:40
UK economy shows fastest growth in over nine years

The Office for National Statistics' second estimate for growth showed GDP rose a quarterly 1.2% between April and June, up from its initial estimate of 1.1% released a month ago

The British economy grew at the fastest pace in nearly a decade in the second quarter, higher than initially estimated, thanks to a pick-up in the construction industry and strong household spending.

The Office for National Statistics' second estimate for the second quarter showed GDP rose 1.2% between April and June, the fastest growth since the first quarter of 2001. The figure was revised higher from the initial estimate of 1.1% released a month ago and compared with 0.3% growth in the first three months of the year.

Construction output proved stronger than first thought, soaring by 8.5%, the highest rate since 1982. Consumer spending rose by 0.7%, the strongest quarterly rise since early 2008 and compared with a 0.1% drop in the first quarter. Government spending advanced by 0.3%.

The service industries expanded by 0.7%, with business services and finance bouncing back with 1.5% growth, while manufacturing powered 1.6% ahead.

More here: UK economy shows fastest growth in over nine years | Business | guardian.co.uk
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