He couldn't hit a cow's arse with a banjo mate

There is one bit of good news ... the Purchasing Managers Index has jolted upwards a bit, and export orders are hitting UK manufacturers books as the Eurozone is starting to buy again.
Good for the economy (and in no way attributable to any action by HM Gov) ... but not yet a recovery.

Whoops more growth in the economy (thought there wasn't going to be any Dave O - do you want to admit you were wrong now?).

Very quiet on here again, surprise surprise.

Course not sunshine, course not

Have you answered the questions put to you yet? Can you answer them?
Have you retracted your comment on the Mitchell thread yet?

Which economy?

Only with this bunch of financial illiterates would more growth equal more debt. Currently standing at £2 worth of debt for every £1 of growth.

Morning everyone.
0.8% is being described as "accelerating" growth.
Compared with the 0.7%, reported in last quarter, it's better ... but only "accelerating" by 0.1%.

Meanwhile ...
Deficit elimination is now going to take nine years instead of the five that the coalition predicted.
Borrowing is skyrocketing in both empirical ££ and in %GDP. For a government so opposed to borrowing, who criticised Labour for increasing debt to bail out the banks, the coalition haven't reduced it, they've increased it by more than 50% ... and all to fund austerity rather than boost the economy.
Indeed, these tiny growth figures are occurring DESPITE Osborne's actions not because of them, he has actually retarded growth.
On the other hand, he's quite happy to plan for, say, HS2 where the bill will trouble a later chancellor rather then himself.
That's few billion more of debt that he's saddling future generations with.

So ...
Deficit - FAIL
Debt - FAIL
Economy - FAIL
Standards of living - FAIL
Household income - FAIL (except for the top 5-10% who are doing very nicely, thank you very much)
Poverty - FAIL
Full-time employment - FAIL
Housing - FAIL
Infrastructure investment - FAIL
Tax avoidance/evasion - FAIL

I may be wrong but I thought construction was being held as one of the poster boys helping to create this "boom" in the economy. Not according to Tata Steel who have just announced 500 job losses, citing "The proposals come amid a prolonged downturn in demand for some of the key products made by the Scunthorpe-based business, including the UK market for construction steel, which is about half of 2007 levels." 340 of those jobs are to go at Scunthorpe, an employment blackspot to start with. Meanwhile.....Consumer spending suffers a sharp slowdown Some bloody recovery this is

I may be wrong but I thought construction was being held as one of the poster boys helping to create this "boom" in the economy. Not according to Tata Steel who have just announced 500 job losses, citing "The proposals come amid a prolonged downturn in demand for some of the key products made by the Scunthorpe-based business, including the UK market for construction steel, which is about half of 2007 levels." 340 of those jobs are to go at Scunthorpe, an employment blackspot to start with. Meanwhile.....Consumer spending suffers a sharp slowdown Some bloody recovery this is

cod'ead wrote:I may be wrong but I thought construction was being held as one of the poster boys helping to create this "boom" in the economy. Not according to Tata Steel who have just announced 500 job losses, citing "The proposals come amid a prolonged downturn in demand for some of the key products made by the Scunthorpe-based business, including the UK market for construction steel, which is about half of 2007 levels." 2007 would be the pinnacle of the high rise speculative office/apartment building boom, the start of 2008 saw wholesale cancellation of these projects including several large ones in this city in which I sit, one of which was a dick-waving project to compete with Manchester as to who could build the highest. The current boom in house building is not going to demand steel in anything like the quantities that large industrial projects do although the national steel strike of the 1980s brought it home to everyone in the construction industry just how much dependance there was on the stuff.

cod'ead wrote:I may be wrong but I thought construction was being held as one of the poster boys helping to create this "boom" in the economy. Not according to Tata Steel who have just announced 500 job losses, citing "The proposals come amid a prolonged downturn in demand for some of the key products made by the Scunthorpe-based business, including the UK market for construction steel, which is about half of 2007 levels." 2007 would be the pinnacle of the high rise speculative office/apartment building boom, the start of 2008 saw wholesale cancellation of these projects including several large ones in this city in which I sit, one of which was a dick-waving project to compete with Manchester as to who could build the highest. The current boom in house building is not going to demand steel in anything like the quantities that large industrial projects do although the national steel strike of the 1980s brought it home to everyone in the construction industry just how much dependance there was on the stuff.