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Topic History of: UK Economy : Recovery 'Better Than Forecast'
Max. showing the last 5 posts - (Last post first)

Author	Message
Observer	Steepest decline in unemployment since 1997? news.sky.com/story/1140133/economy-uk-jo...falls-to-7-7-percent
In The Know	I'm not entirely sure what point it is you are trying to make. If you are pointing out that Labour's debt (in 2008) was bigger than most realised, then, I think we all understand that by now. If you are trying to say that paying back Labour's debt is taking a little longer than originally planned - we know that too. When the original plan was set in motion you making forward calculations assuming various things. The recession in Europe - our biggest customer - has been far deeper than anyone could have realised - having a knock-on effect on our productivity, and hence on our ability to make the planned reductions. We are "on course" - it's just taking a little longer than originally planned. DON'T rock the boat !
DJones	Fisking Osborne's "recovery" speech blogs.spectator.co.uk/coffeehouse/2013/0...rge-osbornes-speech/ ‘Our plan for the economy is a plan for living standards’ Reality: "Recent OBR data suggests it will take until 2018 for the average earner to get back to 2008 salary levels: a lost decade. As a result of government policy." ‘We’re turning a corner’. Reality: " The truth is that this is now the worst recovery in British history. Look at GDP per capita (which the Treasury says is the more valid measure) and one of the words that Ed Balls uses does spring to mind…" ‘Amazingly, even with the evidence we now have, there are still those calling for the government to abandon its economic plan in order to spend and borrow more’. Reality: "Chief amongst those wanting the UK government to borrow more is the Chancellor of the Exchequer."
In The Know	In The Know wrote: A rush of new business last month drove the service sector, which makes up 75% of UK output, to its fastest growth rate for more than six years Good to see the UK economy improving and on-track. DON'T let the loonies spoil it (yet again !) www.bbc.co.uk/news/business-24011795
Pattaya	In The Know wrote: glad you noticed, SE ! True.