January 26th, 2010

+++ UK Preliminary 4Q GDP Anaemic +0.1%, -3.2% On Year +++

A rounding error rather than an end to recession…

UPDATE : Reflect that we have had £200 billion of quantitative easing and all we get is this – most of that went on giving foreign gilt investors an exit rather than bank loans to enterprises.  Subtract the mirage of the Keynesian car scrappage scheme from the figures and we are really still in recession.


395 Comments

  1. 1

    What’s the margin of error on that?

    • 6
      jgm2 says:

      As I’ve been predicting. 300bn pounds of extra debt to buy 1bn pounds of ‘growth’. Imagine that. Just one billion pounds of unsquandered government money (out of the fifty billion quid the plucked from fresh air) in the last quarter and we’d still be in recession. If they’d only squandered 49bn or 48bn last quarter then the recession would still be on.

      And now they’re going to kid on that it is the Tories who caused a ‘double dip’ when in fact this is just a 300bn quid artificial ‘recovery’.

      • 13
        It's all Balls says:

        Seems fair enough to me – just about the return I’m getting on my savings.

        I’m sure the Beeb will be spinning this success like crazy

        • 14
          Tom Logan, Institute for Studies says:

          They are, not only that they are attributing this success to the Labour Government at least on the radio they are.

          • It's all Balls says:

            They’ve lost all pretence of a neutral political stance. Just have a look at Toenails’ last two blogs on Northern Ireland for example.

            They are a national disgrace.

            Scrap the licence fee

          • cogitodexter says:

            The government’s economic ‘policies’ are absolutely pathetic.

            If they think anyone will believe a word of their spinning about this smallest POSSIBLE growth figure, they’re on a hiding to nothing.

            http://cogitodexter.wordpress.com/2010/01/26/the-weakest-end-to-the-recession-possible/

          • 13eastie (100 Days: Goodbye, ☭ordon) says:

            Doctor Bruin: Time Lord

            Consultation with the ONS stats (growth reported to one significant figure, no 95% CI published) reveals that, in a world-leading New Labour first, Gordon Brown becomes the only G20 leader to successfully transport an entire nation five years back in time.

            GDP today matches that of 2005.

            If this is the effect of fiscal stimulus, I’d love to see a fiscal deterrent.

            Thanks for the “wreckovery”, shit-head.

          • Que? says:

            The invisible Osborne said that the recession was “due to consumer debt” what is he on?

        • 180
          oldrightie says:

          A fair point but I really feel from my own “pub” conversations folks just don’t believe a word that is associated with this cretinous and corrupt bunch of cheats, fiddlers, chancers and gerrymanderers. The opinion polls are every bit as part of the scam culture and do not reflect the genuine hatred for Brown and labour. A big number over 50% will vote Tory to be rid of them. I think they will find themselves locked in an election night mega drama for third place. EU elections? Assuming the Labour Glenrothes department fail to nobble the vote, naturally.

        • 344
          Poli Bollocks says:

          they need to spin your Ball and then cut the off you bloated fool

      • 38
        Mr Ned says:

        Correct jgm, and the BBC this morning was expecting 0.4%, so no doubt over the next two months this 0.1% figure will be seasonally adjusted upwards.

        0.1%??? And they call this recovery????

        The economy has shrunk by a total of 10%. And that is with almost a trillion pounds of borrowing and 200 Billion of quantitative easing, and for all that extra money pumped in, we get 0.1%??

        FUCKING HELL BOLLOCKS ALMIGHTY JESUS SUFFERING FUCK!!!!!

        This shows that the British economy is running at a massive loss. A fucking almighty clusterfuck of a loss. A gargantuan landmass of mountainous enormitude of a loss.

        This is not any old recovery, this is a new labour recovery.

        Also known as a bollockedyfuckitutudally twatHuntmungously fucking fucketty fucked up fuck up of historically record breaking proportions.

        When we fall BACK into recession later in the year, labour will be blaming the tories.

        Well, thinking about it, there are still deluded, insane, brainless fuckwitted retards who still, to this very day, blame Thatcher for this recession, so Labour are just fucking fucked.

        In fact we all are. We are FUCKED! We are so fucking fucketty fucked, that we could not be more fucked if John Holmes and Ron Jeremy and Lex Steele ganged up to triple penetrate us with double strap-ons attached too!

        Labour should not be unelected this year, they should be unelected and then killed to death over and over and over again!!!

        • 48
          jgm2 says:

          There you go. Trampling on the green shoots of recovery.

          Yes. It’s fucked. The BBC were expecting 0.4% growth? What do you thing this quarter is going to look like with VAT rises and two weeks (so far) lost due to snow?

          Brown had better get the election under his belt before this day in April or we’ll be back in recession again on his watch.

          • Gonk says:

            Correct. Business appalling at the moment.

          • sockpuppet #4 says:

            A quick look at the graph of sterling seems to show that many other people thought that the growth values were indeed going to be higher than announced.

          • Thats News says:

            But thankfully Brown is too dumb to understand this. He’ll wait for the last possible moment. Which hopefully will be his downfall.

            Mr Ned there should be an award for your special usde of invective, there. Classic! Sadly, it was all too true…

          • barefootcontessa says:

            What difference does it make if we’re in a recession or not in a recession? Three cheers for that excuse of a Prime Minister! I don’t think!! Bit late to be back in love with prudence isn’t it ? when he’s spent up, and fu..ed up everything in sight, but, I forgot, it’s ‘nay ma fault’, it’s a global phenomonen. You’ve ballsed up big time Mr. Brown, for god’s sake get yourself and that excuse for a British Government out the door before you do any more damage.

          • Hugh Janus says:

            And can anyone please explain to me why it requires a minimum of two quarters of ‘negative growth’ to get into a recession but only one quarter of growth to get out of it? A little inconsistent perhaps?

            With a margin as narrow as this – if even genuine, which I somehow doubt – McBust and the Bent Broadcasting Corporation should try to resist too much crowing as it could easily slip back into recession again soon, even on the basis of one quarters figures.

          • Mr Ned says:

            Thank you, that’s news. I appreciate your kind words. I feel that mere normal expletives fail to communicate the extremity of the depths of the failure that this labour failtocratic fuckwitocracy has become.

            They have taken FAIL to a level far beyond it’s normal physical parameters and so to describe the new laws of FAIL, one must invent new multi expletive invective to truly convey the new, boundless FAIL that the labour party manages to create every week.

          • Mr Ned says:

            Thinking about it, If the tories get in, I may have to only use normal expletives again…

          • Brown's a Tosser says:

            Nobody with half a brain thinks we are out of recession. Our fiscal deficit is frightening and all growth is artificial due to QE and other stimulus packages. This government masturbates the figures and spins the news regularly and 7000 drop in jobs (November) come on no one believes this and no one believes 0.1 growth.

        • 51
          REEVO says:

          The BBC should do what it does best, which is everything but news reporting and politics, which I suppose you could loosely classify under comedy.

        • 52
          Spank Sinatra says:

          Oh come on Mr Ned – it’s much much worse than that. Stop trying to talk things up for goodness sake. Nobody buys into your optimism.

          • Mr Ned says:

            I can’t help it, it is just my naturally sunny fucking disposition!

          • The big D says:

            I think Mr Ned’s excellent use of vocabulary is approaching the FUBAR (f**ked up beyond all recovery) invective event boundary. What lies beyond? No one knows.

          • Mr Ned says:

            the big D, We would have to delve the depths of a fourth labour term to really know what the new grammatical rules kick in after we have crossed the invective event boundary. Multiple instances of expletives existing in one place at one time? Expletives in different places existing in co-existant phrases acting as one in non-local cordinated fuckerism?

            I really hope that we never find ourselves in that scary place.

        • 349
          Pontius The Pilot says:

          Ned, you should be leading the tory party mate. THATS what Broon needs up him every wednesday lunchtime not that soft shite DC’s been peddling…

          • Mr Ned says:

            I applied for the job, but they rejected me on the grounds that they do not want to win the upcoming election.

        • 373
          Peter Carter-Fuck says:

          You are talking Britain down citizen. It’s a control order for you.

    • 8
      Monkey Chops says:

      And this cost our children how much? £200,000,000,000.

      Wonderful.

      Thanks Gordon.

    • 64
      I see through your bullshit and lies. says:

      Hmmm, now remind me, because I’m a simple bloke, and I need some assistance occasionally. These financial whatsits can be very complicated.

      Why is it that it takes two quarters to enter a recession and only one to come out of it?

      Just a thought. Toodlepip!

    • 120
      Up sh1t creek says:

      Fiddled figures by the ONS, the New Labour mouth piece, so New Labour can now claim “look at us, we got you out of the recession”, and it’s all thanks to New Labour policies. We were right, and the opposition parties were wrong.

      New Labour, the ONS, the BBC, all liars.

      • 143
        Mr Ned says:

        Labour: Paying off our credit card debt with our credit cards!!!

      • 320
        Anonymous says:

        It’s a shame that clip didn’t include the Q & A as the last question from Daisy McAndrew (I think) asked if the figure was rounded up or down – he declined to answer.

    • 146
      Up sh1t creek says:

      An “expert” blames the consumers for their credit binge for creating the recession.

      Same expert apportions no blame on New Labour for their out of control spending on the UK’s credit card in the good times, and racking up £2.5Trillion of debt.

      No, it was actually cuddly New Labour that saved the UK!

      Watch the clip in disbelief.

      • 168
        Don't blame the public says:

        I remember unsolicited letters coming from banks at al. inviting me to take out loans. The advertising sold ‘lifestyle’ as a the candy to shift its product.

        I just binned it.

        But the culture of debt was created by the financial and nulabour elites.

        The banks could have said ‘No’ to requests for extensive credit.

        Don’t blame Joe Public. Blame those at the levers of power.

        People took on debt but the financial elites wanted this to happen.

        Debt was sold on through derivatives etc.

        Huge profits.

        The debt mountain was Nulabour sponsored debt and that is a fact.

        • 197
          Up sh1t creek says:

          From yesterday’s [26/01] Daily Politics… it was not the banks that caused the recession, the regulators not regulating caused it. That and government policy on forcing banks to offer sub prime mortgages to a sub prime population.

        • 307
          Que? says:

          Well, yes, Government spending caused the recession.

          So why did Osborne say on the World At One that it was consumer borrowing (that is us!) who caused the recession and that he had a new mopdel that would fix the problem – ie millionaire Osborne is going to stop us using credit cards!

          The problem is government borrowing, not how much I owe on my mortgage. Osborne is a cretin! He just wants to blame us little people while he schmoozes with his banker friends.

        • 395
          Deleveraging has only just begun... says:

          Yes, the public are to blame; but the other characters in this tragedy also share that burden. It really pisses me off when patronising twats like you go on about how they were sufficiently strong willed to reject all the credit advances offered, but the poor, jelly headed, gullable fools that did overextend themselves somehow aren’t to blame for their actions. I’m not letting Brown and his cabal of fuckwits off the hook, but at least give the over-indebted masses of Britain some credit (pun intended) and let them take responsibility for their own impulsive behavior.

      • 214
        cant hunter says:

        He reminds me of that little shit, but Cyclops’s favourite number cruncher, Danny (” the public sector has saved us” ) Blanchflower.

    • 211
      Up sh1t creek says:

      Alistair Darling in la la land over the New Labour’s economic “recovery”.

    • 237

      Dunno, but it is rounded up to the nearest single decimal point, so that growth of 0.00000000000000000000000000000000000000001% becomes 0.1%.

      • 314
        Cyco Billy says:

        To put it into context, it’s as if the previous quarter 1000 tractors were produced. In the last quarter 1001 tractors bloomed. Maybe.

    • 262
      Up sh1t creek says:

      George Osbourne on imaginary pulling out of recession.

      • 325
        Que? says:

        Can someone please summarize what Osborne’s plan is? I think the only thing he said was “please vote for my mate Dave to be President”.

    • 392
      Scootaboy says:

      I almost want Brown to win so when we go back into recession (that by the way we ain`t yet out of) he can say its because of the Tories as he will have no one left to blame plus let all the spineless twats in the cabinet suffer the prick for a few more years as no one`s got the bottle to get rid of him

  2. 2
    TheCourtOfPublicOpinion says:

    Briun was right when he was campaigning in the last election to say there will be no return to boom and bust as there wasn’t – we just got the bust part.

  3. 3

    Pah! 0.2 rise in “public sector” and a big heft from the motor trade which is now state subsidised.

    Let the crowing begin, but they do so from atop a midden.

  4. 4
    Lanchester Daily News says:

    Despite the BBC spinning that we are out of recession and putting up the topic(foolishly?)for discussion on their HYS site .It appears from 99% of the comments published(such is the response that even the BBC it seems is hard put to “moderate” out the anti-Labour view as they normally are prone to do) that the UK is very far from being out of recession in the electorate’s view

    • 36
      next slide please, d-day says:

      Yep.. I popped a couple of comments on HYS this morning. Of course they were modded so that they were not published until two hours after I posted them and therefore they ended up on page 13 of the HYS topic. However, only a real muppet (BBC employee, public sector worker, criminal, immigrant, Chav) could ever believe we are really out of recession. This miniscule ‘growth’ is off the back of Mugabesque policies (QE, car scrappage etc) which have cost us billions yet produced very very little. Labour will crow but there is still the public sector recession to come and this will be later this year once the election is out of the way.

      • 58
        Carry On Don't Lose Your Head (1967) says:

        If we see negative growth for the next quarter reported, will the BBC make a song and dance of that? TV and radio specials, interviewing the man in the street? I don’t think so.

        I can hear the BBC announcer now: ’0.1% contraction is simply a blip in the wonderful recovery created by brave Mr Brown. He saved the world, don’t you know!’

        Or even: ’0% growth for the last quarter cements this incredible Labour recovery!’

        • 65
          I see through your bullshit and lies. says:

          The next quarter will see growth. Just in time for the (postally fraudulent) general election.

          The ONS will have its balls beaten with a hammer until the figures show a net increase in GDP.

          • Peter the Fairy says:

            next quarter will not see growth.

            Christmas is over. VAT is up. Snow lost 2 weeks. Car scrappage incentive is over.

            Brown will call an election before Q1 figures and before Chilcott.

          • D says:

            It would be nice, but Im not sure he has the cojones.

      • 102
        Mr Ned says:

        I stopped posting their as they inevitably delete my posts. Fucked if I know why though. I thought calling the BBC a bunch of elitist whores who presstitute themselves to the new world order and who willingly lie on behalf of war criminals to cover up for the inhuman slaughter of millions of people world-wide, thus making themselves willing accomplices who are equally complicit IN the war crimes as Blair, and who are utterly scientifically illiterate fuckwits who could not find their own feutid rectums in a well-lit room with a flashlight and a mirror and a fucking big sign saying THIS IS YOUR RECTUM pointing to their rectum and a bunch of proctologists in attendance also showing them their rectums with diagrams (in colour) and everything.

        And saying that they are all fucking insane labour whores.

        They don’t seem to be in favour of that sort of free speech.

        • 142
          Hugh Janus says:

          Pretty inoffensive I would have thought?

          The truth always hurts – which is why they go out of their way to avoid it.

        • 145
          Carry On Don't Lose Your Head (1967) says:

          Now, if you’d said all that about the Tories, your posts would stand!

        • 156
          Mr Ned says:

          A case in point: Michael Jackson’s death:

          —————————————–
          DEBATE:
          Your memories of the King of Pop
          SENT:
          26-Jun-2009 00:23
          COMMENT:
          Good start. Hated his freakish behaviour and he was a danger to children. I am glad he’s dead.
          COMMENT STATUS:
          Rejected
          ————————————–

          I mean, COME ON! If you cannot diss the pervert of pop, who the fuck can you diss???

        • 264
          The big D says:

          Mr Ned, you are steadily growing towards the stature of a previous kind hearted, softly spoken, moderate poster on this site: Stanislav.

          • Mr Ned says:

            Stanislav? I can’t say as I recognise the name, so must be before my time here I think, I shall have to trawl through the older posts and see what the cut of his jib is like.

  5. 5
    Spank Sinatra says:

    Can’t wait to see how they spin this set of data as a stunning success!

    • 10
      Technomist says:

      I can feel a shed load of unfamiliar consumer confidence bursting out of whatever it has been hiding in all these months.

    • 11
      TheCourtOfPublicOpinion says:

      Tune into the tractor stats report tomorrow then, 12.00pm at the House of Corruption.

      • 147
        Hugh Janus says:

        No, he will remain in NI at least until PMQs are out of the way. You know how he hates having to answer (sorry, make that avoid) questions.

    • 332
      Cyco Billy says:

      FYI, on t’WatO show it was presented like the National Lottery draw. Blagueurs’ Blaggers’ Claque aka Brown’s Bullshitting Cokeheads – not fit for purpose.

  6. 7
    Tapestry says:

    No recovery yet interest rates are rising…………………..

    Government revenues must be tumbling. They must be a country mile under Darling’s forecast of £498 billion, made in the 2009 Budget. Yet he stated only in December in the PBR, that they were on target!!!!!!!!!!!!!!

    How about £440 billion?

    When will these jerks admit it? They ain’t got one clue.

    • 105
      Mr Moneybags says:

      Interest rates rise = good.

      I have investments and no debts.

      • 164
        Mr Ned says:

        Sadly (for me) I do have debts. The funny thing is, when the shit hit the fan almost 2 years ago, loan companies put their interest rates UP! I have two loans whose interest rates went from roughly 7.7% up to 12%

        If base rates start going up, what direction do you think the interest on these loans will go?

  7. 9
    PKP says:

    u believe that number ? – I don’t.. must have been huge pressure on the ONS to round up !

  8. 15
    English Liberation Front says:

    Agree that this is a “rounding error”, but that is not how the BBC sees it:

    UK Emerges From Recession – here:

    http://news.bbc.co.uk/2/hi/uk_news/default.stm

    • 18
      • 22
        Gobshite says:

        Go on Gordo, throw a Nokia at Gerry Adams.

        • 122
          Thats News says:

          Brown would aim at Adams and take out the Taoiseach, instead.

          “Cause of death?”
          “Well, you’ll not believe this, but the poor fellow was Nokia-ed to death, or so I hear. By a man with his finger up his nose.”

        • 331

          Does “Sarah’s law” apply to Northern Ireland? If so, parents will be informed whenever any Sinn Fein politicians move a muscle.

      • 35
        English Liberation Front says:

        I think the BBC in the run-up to the election have thrown away any attempt to appear impartial. I see Nick Robinson is persistently attacking the Tories over trivia in his blog, instead of attending to the real issues. Every headline in the Brown Broadcasting Corporation on its gobsite appears to spin for the Government.

        I used to respect the BBC in the old days, but they have become the propaganda wing of the Labour Party and a complete joke!

        • 39
          next slide please, d-day says:

          Don’t forget that ‘the corridors of broadcasting house were awsh with champagne bottles’ following the election of 97. Labour are the UK equivalent of TASS.

        • 110
          Mr Ned says:

          Well, until the election is called, there is no legal obligation to give equal time to all three main parties.

          So Gordon Brown will hang on to the last possible second, getting free positive advertising from the BBC and from all the Government Departmental communication’s budgets, before calling a very short election campaign. I reckon it will be about a two week long campaign. That will save the labour party a good few tens of millions of pounds that they do not have.

          Please could someone take the labour party to the cleaners and have them wound up. They are on the edge of ban-krup-tcy already. can someone push them off?

          • Snotsicle says:

            Sooner or later they’ll have to realise that their support of the doomed Labour party is about as futile as a Papal visit to Tikrit and that, if they wish to retain the privilege of being the sole beneficiary of the “telly tax”, then they’ll have to either switch their support to the likely winners or at least make a better job of feigning impartiality.

            That is, of course, unless they actually believe the partisan drivel that they pump out, which is quite possible.

      • 266

        I assume we no longer have a Minister for Northern Ireland? I also wonder, given that Brown now deals with EVERYTHING, what the point of the cabinet and other ministers is?

    • 24
      Tom Logan, Institute for Studies says:

      I like this part of the ‘article’

      ‘First estimates of how the economy has performed are made with about 40% of the data available, and Investec economist David Page has warned there is “plenty of room for surprises” in the figures. ‘

      So they have based this great result on only 40% of the figures, brilliant! Lets hope they dont do this at the election, just count the first 40% of votes (including all the Labour ones) and claim victory.

      I hope that the other 60% has a nasty surprise in store for these morons.

      • 37
        jgm2 says:

        Somebody further up the thread made a claim that the public ‘service’ grew by 0.2%. I don’t know if that is tongue in cheek or not. But if it is true then there is every chance that this 0.1% will be revised down.

        Because we all know that the only ‘growth’ in the UK is hundreds of billions of pounds being pissed around into the public sector. The rest of us are still in belt-tightening mode.

        • 85
          Susie says:

          The bigger the lie the bigger the backtrack… just before an election too.

          Nobody seems to have mentioned the last quarter of 2009 is the run up to Christmas — and they only managed 0.1% ????

          • Susie says:

            January sales too (they now start on Boxing Day).

          • Mr Ned says:

            Susie, I know quite a few ‘new year’ sales started online before Christmas.

            I would have taken advantage of them, but was too skint.

            End of the recession? They are having a fucking sick larf!!!

          • Golden Days says:

            Correct- Christmas was a last fling with the old plastic before VAT rose and the Public Sector took its medicine (still to come)- and still there was the tiniest of rises. This 0.1% is actually a decrease in activity.

  9. 16
    rparker says:

    if you cant do better than this on the run up to christmas this the cheap fur coat and no knickers government

  10. 17
    El_Quince says:

    Last 3 quarters index figures are:

    Q2 100.8
    Q3 100.6
    Q4 100.7

    Still down on 2 quarters ago, never mind a year.

  11. 19
    purpleline >sell cable for parity says:

    Merv the bane of Brown is speaking now.
    So the ONS no spin there then, what the fuck a press announcement to announce a number that cannot be proved correct or not as it is only 44% collated from returns. Tht is why they have two further revisions.

    I wonder if Nu fucking marixts Labour will hold a press conference next quarter after the VAT effects as growth in the first quarter of 2010 diped back into negative territory.

    The ECB today gave a warning they want to raise rates, well the German chaps on it did. Thereforee it is time to sell Euro again and sterling, even though sterling will gain against the Euro bot against the dollar are a safe sell.

    Off to see Enron tonight.

    Pity Politics is not like Football as Tony B-liar would be charged with bringing the office of Prime Minister into disrepute

    • 29
      Gobshite says:

      Let us not forget that Christmas falls in the last quarter. Christmas contains 25% of retail sales for the year.

      Have they not considered that people, pissed off with the poor economy, have saved a bit of money and had a festive blow-out to forget their worries for a couple of weeks?

      I know I have.

      Any stats. on what typically happens to Xmas spending during a recession?

      • 42
        purpleline >sell cable for parity says:

        will try to go through some stats to see. Generally there is a lift, caused bt a range of factors in the last growth. This one was most certainly a VAT factor and the Car Scheme. which lifted that part of the survey to 0.4 so retail most certainly had a positive effect that rounded GDP up from zero growth >Gordon Browns mental commentchinaesq not<

      • 170
        Mr Ned says:

        “Have they not considered that people, pissed off with the poor economy, have saved a bit of money and had a festive blow-out to forget their worries for a couple of weeks?

        I know I have.”
        ——————————

        You have what? saved a bit for the blow out? or just considered that others have? Because out of those two options, I could only afford the latter.

  12. 20
    Blah says:

    Cock my bum hole you raw felch queen.

  13. 21
    The IMF is coming says:

    Meanwhile the ‘dream ticket’ of Brown and Woodward screw it up in NI

    • 49
      Woodward - as thick as a very thick oak tree says:

      Woodward – probably the most obviously stupid man in politics – he is so thick he actually looks as vacuous as a Hoover.

      To think that these two nonentities are allowed to walk the stage of Northern Ireland politics sends a shiver down my spine.

      • 181
        cant hunter says:

        He had about enough intelligence to marry a very very wealthy heiress though. Attractive one too, in her salad days, whilst Shaun was never a looker. What he got out of the marriage is obvious, but what did she think she getting out of it…

  14. 23
    Brown's Buggered Britain says:

    There’s a surprise – it turns out that it’s all a lie – who would have thought it?

  15. 25
    exiled&angry says:

    300 billion quid on a March election anyone!!?

  16. 26
    Postal Vote says:

    (Almost) 0% growth:

    - 0.1% can be 0.06% rounded up

    - public services growth of 0.2% contributed to 0.1% total serivces growth

    - car scrappage scheme

    - it’s 4th quarter on 3rd quarter, so helped by back-to-school let’s get business going again quarter with christmas shopping versus sleepy summer

    • 31
      Gobshite says:

      So it’s not based on the fourth quarter from last year?

      Total bullshit then.

      • 45
        Postal Vote says:

        maybe i’m mistaken – will look into it – lucky for cameron i’m not on his campaing team!

        • 60
          Postal Vote says:

          It seems my take on the figures was correct, see figures copied from statistics.gov.uk below (1st column chained volume indices for GDP, 2nd column % change, 3rd column % change production industries, 4th column % change services

          2007 Q4 106.3 0.5 0.5 0.4
          2008 Q1 107.1 0.7 -0.2 1.0
          Q2 107.0 -0.1 -1.3 0.1
          Q3 106.0 -0.9 -2.1 -0.6
          Q4 104.1 -1.8 -4.6 -1.2
          2009 Q1 101.5 -2.5 -5.0 -1.9
          Q2 100.8 -0.7 -0.6 -0.8
          Q3 100.6 -0.2 -0.9 -0.2
          Q4 100.7 0.1 0.1 0.1

          GDP now some 6% lower than at peak while government accounts for 50% of economy, implying bigger than 10% drop in private sector activity!

          • Mr Ned says:

            Now why do I get the impression that socialits fuckwits and labour supporters (who are whole order of magnitude dimmer than socialist fuckwits) would spin this as:

            “Fucking lazy private sector!!! they should pull their fingers out and get on with some work! Do they not realise that we in the public sector are now having to carry the economy????”

            They really do not get that it is the surplus income from the private sector that is stolen to carry the public sector.

            The public sector has been so massively inflated that we in the private sector cannot bear their excessive waste any more.

            I would vote tory, but they do not want to cut anywhere near enough waste.

            We need to slash the public sector by at LEAST 20%. I would be happier with 40%.

          • Number 7 says:

            Public sector 50% of economy.

            Public Sector growth 0.2%.

            Economy growth 0.1%.

            Private Sector growth??

            Surely the above leaves the Private Sector on 0%.

  17. 27
    genghiz the kahn says:

    vat rise, n.i. rise, not going to help q1, q2 growth.

    no wonder darling/brown want to hold back on a budget.

  18. 28
    HP Officejet says:

    Double dip now inevitable. Stand by for Feb / March election.

    • 33
      Spank Sinatra says:

      Agreed!

      • 83
        Postal Vote says:

        I’ll bet you that Royal Mail won’t go on strike in March if election is held then, because posties know they are better off with labour and labour voters somehow are world champions postal voting!

        • 179
          Mr Ned says:

          indeed, they need to get their core vote out. Only now it arrives in fleets of post office vans full of postsacks!

      • 184
        Number 7 says:

        The odds on a Feb election have dropped from 40-1 to 25-1.

      • 372
        Brown's a Tosser says:

        Seconded.

    • 289
      Up sh1t creek says:

      Double dip? We are not actually out of recession, there is nothing to “double dip”.

      • 340
        Mr Ned says:

        We are out of recession in the same way that a drowning man has just about scrambled up to get a nostril above the surface of the water to take a quick gulp of air, therefore he is no longer drowning.

        • 374
          Brown's a Tosser says:

          The NI increases and 50% tax hike will impact pay packets so good bet they will try to call a GE before that. The sensible call is to go at the end of March but with Gordon at the helm and based on his stupidity its a shoe in for May!

          • Scootaboy says:

            Brown will call the election when the dark lord tells him and at the moment he likes playing at being the PM in all but name so it will be May

        • 378
          Golden Days says:

          Mr Ned, I like your style, but you can’t gulp with a nostril. Sorry.

          • Mr Ned says:

            In exactly the same way that 200 billion of QE buying 0.1% “growth” is not a real “recovery”

  19. 31
    Fees Office Clerk says:

    The UK Economy – out of recession but not yet out of resuscitation!

  20. 34
    Sir William Waad says:

    Happy days are here again
    There’ll be jobs (perhaps) next year again
    We will stick 10p on beer again
    Happy days are here again!

    • 159
      Everyone Loves A Club says:

      Altogether shout ‘it’s Brown’
      There’s no one
      Who can doubt it now
      So let’s tell the world about our Brown
      He’s fucked us once again

  21. 39
    Anonymous says:

    Wait for the big giveaway over the next couple of months. Labour will have to buy votes because they know that all the idiots in this country wouldn’t vote for them otherwise.

    Oh – and don’t forget inflation. That must be on the cards soon, too.

    • 68
      South of the M4 says:

      Soon?

    • 157
      Rip Van Winkle says:

      ‘..because they know that all the idiots in this country wouldn’t vote for them otherwise.’

      You reckon?? Don’t under estimate the complete stupidity of the mainstream UK population. They are complete and utter morons. Just listen to 5Live on a regular basis and they’re queuing up to show everyone how fucking stupid they are.

      • 188
        Mr Ned says:

        Radio 5 live phone in? That is not the mainstream UK population. That is the average BBC brainwashed beeboid. Some occasional voices of sanity do get through on the air, but most lot of them get filtered out.

      • 390
        Scootaboy says:

        he`s write im mianstreem populashen and im prity stupide so my mum sez

      • 391
        Scootaboy says:

        you must remember though 5 live like the callers to be shall we say 5 watt bulbs in order to make their presenters sound intelligent Nicky Campbell the exception don`t ya know

  22. 43
    FUCK OF GORDON BROWN YOU CUNT says:

    Any increases in tax will prolong the recession.
    Gordon Brown doesn’t care because he is going to lose the election and he will then use the damage his own fiscal incompetence has caused to score political points against the Conservative government.
    Gordon Brown is mentally ill. He is clearly a psychopath.

    • 76
      MarkE says:

      We still see labour trolls reminding us how much pain we had to suffer under Thatcher 30 years ago while conveniently forgetting that pain was the inevitable side effects of the measures needed to undo the effect of 15 years on uninterupted labour maladministration (Wilson, Callaghan & Heath, and yes I know Heath stood as a “Conservative”, in much the same way as Cameron is doing).

      If (when – I am an optimist) we get a government that follows conservative policies (could be 2015 or sooner if UKIP give Cameron a bloody enough nose this year) they will have to apply even stronger medicine, with even more unpleasant side effects and we will hear the same trolls trotting out the same claims.

      • 131
        Thats News says:

        MarkE, as Scargill said in an interview: “It’s almost a pity Labour won the election in 1974. We (the miners) would have done much better under Heath and the Conservatives than we did under Labour!”

        • 194
          Mr Ned says:

          True. Heath was never a conservative. He was a new world order whore who was put in place to fuck over the tories and make sure that real conservatives never get their way. He committed treason and should have been shot for it.

          Cameron is far too much like Heath for my liking. So was Blair actually.

    • 282

      Sociopath, acsherlly

  23. 44
    The local view says:

    Walking down my local High Street – Fleet in Hampshire (supposedly one of the best areas to live in the UK and certainly not short of a few bob),one can see the ravages of Brown’s recession.

    Woolworth’s – gone ( it was a basket case for the previous decade.As a supplier to them,my company had first hand experience of their poor mngt,but the recession pushed them over the edge)

    Adams Clothes – gone

    Independent bookshop – gone

    Independent sports shop – gone (rent too high and finally pushed him over the edge)

    Hairdressers – gone (and everyone’s hair grows whatever the recession so that is another surprise).

    I cannot see businesses coming back/starting to fill those empty shops.

    The fact is,Fleet is not Rotherham or Middlesborough and I cannot begin to imagine how bad it is in less wealthy areas.

    The effects of Brown’s criminal actions will continue for at least another 5 years.

    • 72
      Anonymous says:

      We live in Suffolk and our town has suffered the same fate. I can’t see anyone being able to afford the high business rates, so they will stay boarded up until they rot. It’s a shame – our town used to be one of the nicest things about living in this area. How things change.

      • 376
        Brown's a Tosser says:

        We are in Cornwall and I totally agree with yours and local views point this looking at High Street’s up and down the country indicates in clear terms that this recession is deep and long lasting. The stimulus now at an end or so we are told is more likely to bring a double dip recession thaqn growth as our esteemed chancellor forecasts.

    • 140
      Webmeister says:

      Bookshop gone to Amazon. Thaty’s progress for you…

    • 283

      Oh longer. Two generations to recover from the destruction of the education system. in other words, the country is FUBAR, and probably beyond repair. Watch the mass exodus if these buttfucking arseholes get in again

    • 357
      Fleet Resident says:

      Sadly all too true. My daughter lost her Saturday job when Woolies went. She turned 18 last year and is quite sure who is to blame. It is a pity we’re not in a Labour marginal because she her new vote would be added to the “Get Gordon Gone” avalanche.

  24. 46
    Max says:

    As mentioned earlier the figures are not all in yet; ONS will provide a revised figure in maybe a couple of months. They might well revise the “growth” down to 0%. I’ve posted this before but that is even more reason for Liebore to go for an early election. I’ve previously said 25th March but today’s news might suggest February. I think there are odds available at 40/1.

    • 50
      TONY BENN'S WILL says:

      sounds good to me

    • 77
      Max says:

      Odds have halved overnight. It’ll be February.

    • 93
      South of the M4 says:

      Yep. Take out Christmas spend, auto scrap scheme and add VAT increase, big winter fuel bills, punitive business rate increases, council tax increases and zero pay rises
      and it is hard to see 0.1% being improved upon. We should not forget, when it is time to vote, that 30% of this country will believe that all has been saved………………

    • 212
      Thats News says:

      Max, if Brown wasn’t an idiot, yes, early election. But he is an idiot. So might go later, instead.

      • 263
        Max says:

        Completely understood, mentioned it on here yesterday. However I think Mandleson, Darling and Balls (under duress) will force the Mentalist to pull over and hand them the keys. He’s doing deals because he has to; his position is extremely weak (watch him avoid PMQ this week).

  25. 47
    TONY BENN'S WILL says:

    is there someone monitoring the neutrality of the BBC ,like the FSA was monitoring the banks…how are the monitoring the nuclear industry etc ,fills you with confidence doesn’t it

  26. 52
    christy says:

    Lies,dammed lies and statistics,on 40% of results in,wonder if they were the good ones?.

  27. 55
    Anonymous says:

    Has anyone worked out the real growth rate (ie when you discount the government spending extra money that we haven’t earned yet in a bid to simulate/fake growth) ?

    I mean, something like a trillion pounds worth of debt/overspend, and 100′s of billions simply printed?

    If you took that into account, wouldn’t the real “growth” rate be something like minus 20% over the last year, and about minus 5% over the last quarter (as a very rough guess)

    Anyone worked out the real growth rate? The government figure is obviously massively misleading.

    It’s a bit like when brown said “I’ve abolished the lowest rate tax band” (but then not bothering to tell anyone that he simply lowered the threshold of the higher rate band to effectively double the lowest rate band)

    Smoke ‘n mirrors; it’s all bollocks. The BBC eats it up though and spins the government line, which is pretty tragic all round.

    • 97
      South of the M4 says:

      The ‘real’ growth rate in my household currently stands at -12% year on year. That is all I know to tell me that the recession is not over.

      • 119
        Anonymous says:

        You’re lucky; the real “growth” rate for our business/household is more like -50%; the only reason we’re not bust is because we’ve put in twice as many hours for the same amount of money to help keep customers happy who otherwise wouldn’t have spent the money.
        Well, I guess that means our real “growth” is actually 0%, but our effort (half of which is now unpaid) is double.
        I’d wager a large amount of money that huge numbers of other people are in the same situation (especially the self-employed) – working twice as hard just to stand still and not go bust.
        I’d also wager that if the self-employed were allowed to ofset their unpaid hours against their tax bill, then there would be virtually no tax income for the Inland Revenue this year from the self-employed.

      • 177
        Anonymous says:

        QE pumped about 13% of GDP into the economy out of thin air. The economy fell around 5% not withstanding that, ergo you are not far out with an estimated fall of around 20%. Bottom line is we are completely fucked yet not surprisingly the BBC would have us skipping through meadows all day rejoicing.

        • 202
          Mr Ned says:

          I saw figures which showed that the economy has shunk 10% overall INCLUDING the QE and other measures, so 20% overall would be a close guestimate I would think.

    • 155
      JMT says:

      I bought a little suzuki 3 yaers ago.

      To fill it with fuel cost £28, now it costs £40.

      Fuck you Brown, and all your green meanie excuses.

      • 225
        conantheagrarian says:

        I am an accountant (who also happens to have an economics degree). The self-employed (the little self-reliant people) are absolutely on the floor.On a micro- level, I can see they are f*cked.
        On a macro level (from an economist’s point of view, I have known for some years that this country was double-f*cked under this evil incompetent govt.

        For Br*wn and his neo-Marxixt buddies, surely this is a win-win situation-destruction of our economy followed by year-zero socialism would be their ultimate goal ,would it not?

  28. 56
    Alan Scott says:

    0.1% is infinity times 0.0% (a figure Mr Brown used in some context or other).
    Wait for it! – he will conflate the two figures to show the economy is growing infinitely faster than it did/would under the Conservatives.

  29. 57
    Smash Labour says:

    Sorry Guido but a big fat jock bint (Pauline McColl on Radio 5) told me on the radio that this is GREAT NEWS and we’re out of the shit. Even the usually slimy Nicky Campbell was curious as to why these people were doing a big announcement and McColl defended the mong by saying “they obviously decided to do it” “What they were not put up to it” asked Campbell.

    So according to the BBC this is a great day for the leader, the BBC will be playing marching music all day and running repeating films of Stalin I mean Gordon waving to the people.

  30. 59
    Brown and out says:

    Whatever the figures that Brown forces them to announce ,there is one certainty – Gordon Brown will be demolished at the election he so fears to call.

    Brown will be wiped off the board and Labour will bicker for the next decade as Ball’s Miliband x2,Harman etc etc battle for the dubious honour of leading a dead party.

    As for Cameron,what he inherits is like turning the corner on an A road and finding a 20 car pile up – it’s a wonder he doesn’t just drive past and go back home.

    • 94
      The Right Honourable Gordon Brown says:

      No, No, No, I have cooked the figures deliberately downwards so when I call the election much greater growth figures will be announced.

      0.1% growth and 7,000 reduction in unemployed, this is all part of my election strategy to completely fuck the UK electorate.

    • 100
      South of the M4 says:

      When did Cameron turn the *uckin corner? He is not yet out of 2nd gear.

      • 249
        Mr Ned says:

        God job too, If he was going to drive round the corner any faster he would plough into the crash.

        I get the feeling he really does not want to drive around the corner at all, and is looking for a nice lay-by to park in and have a nice little kip.

  31. 61
    Anonymous says:

    http://www.dailymail.co.uk/news/article-489167/Travesty-truth-Was-Hutton-Inquiry-David-Kellys-death-just-cover-up.html

    completely OT but looking at this article it says Hutton Inquiry had no formal powers, the Hutton website offers no guidance as to its jurisdiction so how can Hutton dictate the length of time the Kelly papers can be held before publication? Even though some of them must belong to his estate?

    • 81
      Smash Labour says:

      I’m sure his family could if they wanted to. Anyone we know what happened to David Kelly. The Labour party had him murdered.

      • 99

        I doubt very much that the Labour party had him murdered. The people who *control* the labour party told them to have him murdered.

        Tsk

        • 151
          Reptile says:

          Who are they, then? Green lizards?

          • Ikely More says:

            They never show their true colours.
            If they do by mistake you shall be killed.

            It’ll always be something very clever and seemingly likely.
            Middle aged scotsman: heart attack.
            Nervy scientist: poor suicide attempt.

  32. 62

    http://cityunslicker.blogspot.com/2010/01/uk-gdp-q4-2009-01.html

    QE will not end before the election now and we will continue to have fantasy economics shouted at us by the Labour party.

    • 187
      Rip Van Winkle says:

      Once you’re in QE, you simply can’t get out. There’s only forward gears, no reverse.

  33. 66
    Anonymous says:

    Just heard Digby Jones on BBC talking about child education.

    This was the man that was forcing through the need for uncontrolled immigration to fill our skills gap during the false boom. It was Digby that was pushing the idea that our kids were a waste of time and that we would always fuel our growth on outsiders. The message was clear was that the children did not need to try because they would never have a chance anyway. Digby had decided they were not needed.

    So his public prime time attitude is the cause for the lack of effort by our children. Who would try, when they are told they are unneeded, and unwanted, by industry.

    Some one please find the old interviews with him. I remember the one with the Polish politician that made me really hate him, for his attitude of giving up on our children.

    (Why is the BBC used as money hand out system, for failed public figures.)

  34. 67
    Call a General Election NOW! says:

    Appears to be a resounding NO so far to this poll on the Times site >

    http://timesbusiness.typepad.com/money_weblog/2010/01/has-your-recession-ended.html

    • 73
      • 132
        Devil's Advocate says:

        Hmmm but the UK Economy is priced in Sterling.

        This graph, although useful does not allow for changes in the exchange rate between USD and GBP, nor does it take into account inflation.

        In 1960 GBP = $2.80
        In 1985 GBP = $1.05
        In 2010 GBP = $1.60

        • 169
          Tapestry says:

          Thanks, Devils Advocate.

          Britain’s US$ GDP doubled between 2001 and 2007 in a boom financed by debt. The US$ GDP has since fallen 30% as we struggle to pay off the debts from the Brown mega-boom.

          In the period from 2000-2010, the £ rose from $1.50 to $2.11 at the peak, crashed to $1.35 and has ‘recovered’ to $1.60. The next wave might be a decline to under the previous low. The Brown mega-bust would halve our US$ GDP in quicker time than his boom doubled it.

          Coming from the man who coined the phrase ‘no more boom and bust’, this will be regarded as a historical classic for centuries to come.

    • 287
      Thats News says:

      Nearly 85% know it isn’t over, yet.

      Number of firms going bust backs this view, I fear.

  35. 69
    sockpuppet #4 says:

    Car scrappage.
    I can only think it was to help get the Koreans to lift trade tarifs on EU beef.

    No other sensible explanation.

    • 82
      Brown and out says:

      Hyundai have been the winners in the scrappage scheme that Brown stole from the Germans.

      By the way,I bet Brown is even now as he sits in The Stormont,dreaming of winning the Nobel Peace Prize – well it certainly won’t be the prize for economics,will it?

      • 86
        Smash Labour says:

        But he will win “Mong of the year”

      • 113
        sockpuppet #4 says:

        France has has a scrappage scheme for many years.

        I can only think its some sort of backroom EU dealing. Its about as logical as sweden trying to boost its economy by promoting the sale of bananas.

  36. 70
    DisgustedOfMitcham2 says:

    Never mind the official statistics, it’s so hard to know whether to believe them.

    Instead, may I suggest the infallible Disgusted method of determining whether we are in a recession. Just look at what’s going on in restaurants. My theory is that when you are in a healthy economy, restaurants are full. When you are an a recession, they are empty.

    I went out for dinner on Saturday in central London. The restaurant was almost empty. Sorry, I don’t believe we’re out of a recession when no-one is eating out on a Saturday night in central London.

    • 91
      Anonymous says:

      Agreed. Our son has just been made redundat for the fourth time in 18 months.

      This government loves to kick people when they’re down.

    • 109
      Devil's Advocate says:

      It was the last saturday before the January payday.
      Everyone is skint after Christmas.

      Valentine’s weekend will be a better indicator.

  37. 71
    JMT says:

    Like all the Labour fudge-figures, it will unravel by tonight.

  38. 74
    Anonymous says:

    Who actually believes GDP figures?

  39. 75
    Clarence says:

    It’s true. The recession is over.

    Yesterday was terrible: the phones were silent, the order-book empty and everyone had a look of despair on their faces. Tumbleweed drifted aimlessly around our empty car-park and packs of feral Tories were scavenging in our bins.

    But today? Crikey! We can’t move for customers! The phones are hot and the multi-million pound orders are, quite literally, flying in through the windows. There are hordes of angels singing outside our office and the workers are all going about their business with a spring in their step. Our car-park is full of brand new BMWs, Mercs and Ferraris.

    The news that we are winning the war in Eurasia is even more wonderful.

    This is all thanks to Gordon Brown and the real help he has given us during this recession which, as we all know, started in America.

    Thanks, Gordon. Five more years!

    • 87

      Chocolate rations up again!

      • 92
        All gone says:

        Er,sold that too I am afraid Frank.

        It’s rumoured there’s a genuine British business operating out of an old industrial plant somewhere in the Midlands,but it may just be a rumour.

    • 106
      South of the M4 says:

      Exactly which government department does your consultancy firm work with then?

      • 217
        Clarence says:

        “Exactly which government department does your consultancy firm work with then?”

        Our company implements cutting-edge Fourth Sector Initiatives geared to Excellence in Public Service Delivery. Or something.

        Naturally, I have no idea what that involves; I am just the managing director. All I know is that we are showered with taxpayers’ money – all thanks to Gordon’s outstanding stewardship of the UK’s economy.

  40. 78
    next slide please, d-day says:

    Whilst on the subject of poor Government performances, this latest stats released from the ONS look pretty bad…
    http://www.statistics.gov.uk/pdfdir/psf0110.pdf

  41. 80
    Flatus says:

    Brown Cash Howitzer is running out of ammo and has hardly made a dent

  42. 95
    Anonymous says:

    Any good statistician could massage -3% to look like +0.1%.

    Lies, damned lies and New Labour.

  43. 96
    Breaking news says:

    Wood at the Chilcott Enquiry;

    War was illegal.

  44. 101
    MASSIVE Breaking news says:

    Chilcott – they have just received declassified documents released this morning.

    Taking a ten minute recess.

    Is the grenade about to blow up in Blair’s face?

    • 118
      Shock,Awe and downright lies says:

      Could be more likely some collateral incoming for Goldsmith when he gives evidence as it looks like Sir Michael clearly gave advice that reliance on Resolution 1441 alone was insufficient legal grounds for war which is likely to be confirmed(?) when Sarah Wilmshurst gives evidence pm The question for Goldsmith is – Why did you change your original advice ? Did anyone ask you to do so ? Think carefully before answering milord.

      The case against Bliar continues to gain momentum

    • 192
      Anonymous says:

      Just been reading this blog article here which was posted yesterday. I`ve got to say, it`s always been at the back of my mind. Something to think about anyway:

      http://nbyslog.blogspot.com/2010/01/new-iraq-riddle-cook-told-aide-he-had.html#comments

      • 322
        My contact in the House says:

        Unnamed sources hardly constitute evidence. And this from a blogger who doesn’t allow unregistered comments.
        I’m all for hanging Blair and the rest of the gang,but hearsay isn’t going to cut it.

    • 290
      Shock,Awe and downright lies says:

      Interesting snippet right at the end of this mornings evidence – when asked by Sir Roderick Lyne, if the Attorney’s view that the war was legal hinged on the PM confirming that in his,the PM’s view,Iraq was in “material breach” of Resolution 1441 the Legal Secretary to Attoney General(David Brummell) said “Yes”. He was also asked why the Attorney asked for that view to be put into writing even though apparently the Prime Minister had told him verbally ? No answer was forthcoming but there was I think an unspoken view between questioner and questioned as to why the Law Officers requested such a letter

  45. 103
    GORDIMODO says:

    The massive 0.01% growth rise is all the ammo Cameron needs to wipe the floor with McBust at PMQ’s tomorrow
    if he cant do it then he should Fuck Off
    and let Hague destroy the C*nt
    last chance Dave ,to grow some bollocks !

    • 123
      jgm2 says:

      Quite so Dave. Simply tot up the amount of government borrowing since the recession started in Q1 2008 to the end of Q4 2009. That will be of the order of 300bn quid. Then point out that 0.1% of GDP is only 1bn quid.

      This government has squandered 300bn quid to buy 1bn quid of growth. And next year it plans to squander another 200bn quid to buy another 1bn quid worth of ‘growth’.

      Half a trillion quid for 2bn quids worth of ‘growth’. That’s almost 10,000 pounds for every man woman and child in the UK. Certainly for every man, woman and child born in the UK. 10,000 quid each to buy 30 quids worth of ‘growth’ each.

      Six months wages to buy half a tank of petrol.

      Incompetent doesn’t even begin to describe it.

      Cameron should take the C*nt apart with rhetoric like that.

      • 288
        Archer Karcher says:

        “Cameron should take the C*nt apart with rhetoric like that.”

        Dismal Dave will not “duke it out” with McShite, tear him a new one or thrash him soundly.
        Dismal prefers asking questions about human rights abuses in some obscure third world country, the new Afghan “democracy” earthquakes in obscure third world countries, the fight against climate change, the usual Orwellian PC twaddle, that passes as serious debate these days.
        In fact, it would be no surprise to hear him ask gardening advice questions, or whether the new proposed slop buckets for every home, had been ethically sourced.
        He cannot argue against something he believes in also and largely endorses, so presents a straight him or me position devoid of any policy issue, save a few deckchair “here or there” type phoney “dispute” points.

        Expect more of the same tomorrow.

    • 136
      hasnar says:

      Who gives a fuck about PMQ’s? Election now!

  46. 107
    Anonymous says:

    Brown to call election today.

    • 129
      DisgustedOfMitcham2 says:

      Not such a crazy idea. Especially if his efforts in Belfast avoid going completely tits up.

  47. 111
    forgelindin says:

    0.1% will only go up. I think its indicative that there is growth, even if the net growth for the year is negative. Whether its 0.1 or 0.2 I’m not sure that it matters in the long term, its the direction that counts.

    Anyway, they will correct it upwards yet again.

  48. 112
    Green Shoots of Recovery says:

    Mind-boggling 0.1% growth, fantastic news, I’m everywhere today.

    • 128
      The Right Honourable Gordon Brown says:

      That’s nothing Sarah is currently working on the Growth figures and I’m to announce 150% growth before the erection sorry election just in case voters are in any doubt that the recession is over.

      • 150
        Gordon ( SoldGoldAtThe ) BottomBrown says:

        If those baby-eating Tories had been in office it would have been a FALL of 17 million percent with 75 million people unemployed and 29 million homes repossessed – honest.

  49. 116
    Flatus says:

    a rise is a rise is a rise

    Brown won’t let the details get in the way at PMQ’s

    You can guarantee he will give a fist thumping performance

    • 130
      Anonymous says:

      Yep – he will stand there and say that Cameron seems to WANT the UK to suffer.

      Cameron had better think a little more carefully this time about his approach.

      I would advise him to say;

      “Great – now let’s have an immediate election so you can get another term Prime Minister – put your money where your mouth is”

      • 205
        julian gardner says:

        like that one, but we know GB will trot out tractor facts and ignore the question.

        joolz

  50. 125
    Delia H Smith says:

    Do you like my economic statistics? Served up with a thick slice of ham and followed by my special fudge cake, they still leave you hungry for more!

  51. 133
    We can't go on like this,with suspicious minds says:

    How can documents be released during the Chilcott Enquiry like this?

    Will there be more documents being released as Bliar takes the stand on Friday.

    Who releases these documents?

    Very suspicious

    • 196
      Blue Rosette says:

      The Civil Service is hosing the Govt.

      Wake up, who do you think was really responsible for releasing the info on MPs ALLOWANCES not EXPENSES?

      We have a Civil Serice wanting to control Parliament

      • 369
        Watch the Skies! says:

        Finally, it drops. Pick your metaphor: the penny, the second shoe. Unelected Bureaucracy is the way forward, influenced by lobbyists and quangocrats. Voting is only for the ‘little people’.

  52. 134
    Steve Expat says:

    O/T

    Former foreign office legal advisor Sir Michael Wood tells the Chilcot Enquiry that there was

    “No basis in international law”

    for military action in Iraq

    This could get very interesting…

    • 138
      jgm2 says:

      Come on though. This ‘International Law’ is a load of old bollocks isn’t it?

      If the UK government gets a bee in its bonnet about (say) France then there is nothing to stop them having a quick show of hands and starting a war with France. On whatever pretext. We don’t like you/what you’re doing so we’re going to sachay over there and give you a fucking good kicking. That’s how its always been done.

      International Law? What a load of shit.

      I was dead against the Iraq war but not because of any concerns about ‘International Law’.

      • 172
        sockpuppet #4 says:

        The 2nd paragraph – sort of, but its more to do with “can we get away with this”, in diplomatic and military terms. ie “is this war justifyable enough to not piss everyone off, or get the russians to kick off”.

        I did sort of go along with the reasoning behind the war at the time, but I hadn’t thought much about how shite the post-saddam era would be, and had not thought about all the complications. But then, I wasn’t a president/prime minister.

      • 184
        Delia H Smith says:

        Quite right. I will not feel any better, if my family is killed, because I know that it was done legally. The only possible arguments for or against a war are moral ones. Moral arguments are personal, but so is ‘international law’; its laws and decisions depend on who is in a dominant position – victors’ justice.

    • 316

      Can’t wait for the fragrant Elizabeth this afternoon.

  53. 144
    Centre Parting says:

    Guido, please sort out Victoria Derbyshire on BBC Radio 5.

    She has just ‘interviewed’ Gideon Osbourne as if she has the questions put straight into her ear from the New Liebour machine, screeching before he can even get out answers, even if they may be crap.

    At least Nicky Campbell gave John Redwood a fair hearing this morning.

    • 275
      Quite scared says:

      Little Nicky was probably afraid of the death grip if he didn’t let JR have his say. He’s quite scary you know.

  54. 149
    Johnny says says:

    Does the +0.1% take into account inflation in any way?

  55. 152
    R Timney says:

    i’m spending on prozac for the dog.

  56. 153
    PM says:

    Crime down. Unemployment down. Economy out of recession. And a General Election in 4 months. Hmmm.

  57. 154
    jgm2 says:

    Here’s another fucking misrepresentation from the BBC.

    http://news.bbc.co.uk/1/hi/uk/default.stm

    Look at the picture they choose to illustrate ‘out of recession’. Some bloke with a welding mask gas axing something. Suggestive of manufacturing. When anybody with an IQ greater than a jellyfish knows that any ‘growth’ is entirely due to some fucker printing money. 300bn quid of it. And pissing it into the public ‘service’.

    They’d be more accurate if they just showed a fucking printing press.

    • 158
      jgm2 says:

      Or a fucking Diversity Co-ordinator with a fucking clip-board.

    • 162
      Coming soon says:

      Surely that’s a photo of the forthcoming “Downing St Chainsaw Massacre” – starring Gordon Madman Brown?

      By the way – Blair will be shitting his trousers if he’s watching Michael Wood at the Chilcott Enquiry right now – this man has the gun,the ammo and a damn good telescopic sight…and he know’s how to shoot. He is after blood.

    • 173
      Everyone Loves A Club says:

      I’m surprised the welder isn’t a fucking rasta or wearing a burkha, everytime they need to do a news report from a school you would think they had found one in Moagadishu

      • 200
        jgm2 says:

        Naaaah. Just easier to go to one in London. That’s why all the whites are fleeing the place or sending their kids to St Pauls.

        • 246
          White flight says:

          I left London in the 1970s. I could see it coming.
          A colleague told me his friend had moved out to Hayes (west London), and when that area was fucked over he moved to High Wycombe. Seeing as that’s now a cross between Ghana and Calcutta he’s presumably moved again.

    • 221
      Trubes says:

      Exactly, Jmg2.
      Each time either, I or husband ,take money from cash machines, it’s always in crisp, fresh, newly printed £20 notes.
      The Country is awash with them….. I wonder why ?

  58. 160
    UK still in recession says:

    So Mandelson’s car scrappage scheme saves Gordon to produce the smallest decimal point rise of growth possible. Take away car scrappage and te UK is still in recession.

    • 165
      jgm2 says:

      Sending billions of pounds to Korea is the right thing to do.

    • 213
      Anonymous says:

      The car scrappage scheme was a complete con. Car manufacturers would have had to drop their prices substantially anyway. This just muddied the waters.

      • 393
        gordon brown says:

        you got a solid steel four wheeled gizmo in exchange for printed paper / electrons on a computer .. what more do you want ?

  59. 161
    Everyone Loves A Club says:

    Darling – things will fluctuate – further ‘bumps in the road’

  60. 171
    Anonymous says:

    Fancy a laugh? Read this comment from The Times article on the recession being ‘over’

    Popesicola X wrote:
    Brown and Labour deserve the credit for saving us from the recession caused by the banks. Some good news now we have turned the corner. All credit to Labour who took the brave steps needed for our recovery despite Cameron and the Eton boys shouting that we do nothing. God help us if they ever get into power and have to make tough decisions. This shows Labour act for the whole country while the sleazy Tories only protect their friends in the City.

    All praise to Brown, Darling and the Labour party for this.

    • 175
      Mike Naylor says:

      I teach them well

    • 178
      The IMF is coming says:

      Have a look at Have your say on BBC.
      There is an avalanche that the BBC cannot stop

      • 198
        jgm2 says:

        Oh they’ve still managed to ‘balance’ the front page with some load of arse-wipe congratulating the Maximum Imbecile for the ten years of (borrowed) growth before the (borrowed) bust.

        • 261
          JMT says:

          Is the fireworks supposed to be a celebration – or the bomb going off under the Labour toadies at the BBC?

    • 183
      next slide please, d-day says:

      One of the 29% who will no vote for a turd if it has a red rosette on it. I really dispair that this we have genes in the bloodline of certain families that turn their offspring into such complete and utter fuckwits. How can a nation that has ruled the world, given the world countless inventions and even democracy (though this no onger applies to the EU) breed such braindead idiots?

  61. 186
    Blue Rosette says:

    Morning all you luvvlies

    Just wait until your tax goes up in April.

    As they say “you ain’t seen nothing yet”

    And what does our opposition say? You got it – let’s increase the VAT, increase motoring costs, increase air travel costs etc etc

    Yup, you luvlies, we are turkeys voting for Xmas.

    Vote anybody but the three main parties

  62. 190
    allan akhbar says:

    yes chocolate rations are up next week!

    car money-straight to germany and far east…

    how many tv ads?????????

    dont do this or that…go direct gov!
    (really down wiv da yoof)!

    i live near southend essex……
    recently the banks have closed all their offices.

    a power co. has just closed with 600 jobs gone.
    2-400 to go at credit card co……….

    loads of empty houses and closed shops……….
    just like being in paradise……..
    that’s what happens when you get a traitor and failed tech college twat in charge..

    • 337
      Anonymous says:

      “go direct gov!” that f*ckin-g ad should be investigated labour Pr paying labour luvies who then donate to labour !.

  63. 191
    Boycott the Licence Fee says:

    Expect April’s results may well show a slip back into recession – on the eve of the election!

    • 199
      jgm2 says:

      Yes they will. If Brown had any sense at all he will cut and run right now.

      But he doesn’t. He’ll cling on to all the trappings of POWER bwahahahaha until the last possible second. Meanwhile the economy will reprise its rendezvous with the shitter which will be apparent in April and may yet get down-graded before then. Right in the middle of an election campaign.

      Election will be the last possible day. June or later. (If at all).

      • 207
        Brown's Buggered Britain says:

        I’ve never understood how they could have an election as late as June – surely that’s over five years and therefore unconstitutional?

        Couldn’t the Queen have them all hung-drawn-and-quartered?

        • 382
          Katie says:

          Parliament has to be dissolved 5 years after being called — on May 6th. That’s a bank hol. So actually May 3rd is the last sitting day.

          However the limit on when the next election MUST be held is three years from that date. Although things like the budget can’t be changed while there’s no parliament. Between parliaments, the convention is that the various ministers keep running things.

          June is basically the date at which one would expect the election to be, given expiry at the start of May, based on conventional election campaign lengths.

    • 206

      We would just like to congratulate Gordon and Alastair on their marvellous news about the economy.

      We are certain that under the nasty tories, things would be alot worse.

      That is all – The BBC- Licking Labour’s arse – it’s what we do!

  64. 201
    The IMF is coming says:

    Ever been in a sales job with targets?
    You scrabble around with everything to try and reach your target.

    0.1% Q4 feels like that

  65. 204
    bofl says:

    GDP????????

    Gordon Dupes Public!!!!!!!!!

    you cannot create wealth by just pissing money away…….!!!!!!!!

  66. 208
    Gordon Brown says:

    I’ve just saved the world again!
    Now will you please show your support for all the hard working families who have made this possible.

  67. 209
    v says:

    What about Japan for a Keynesian nightmare.HUGE savings rate,industrious people but Keynesian economic policies.What a disaster for the World.

    • 365

      The Japanese government spent what it did not have.

      If it had saved during the boom years of the 1970′s and 80′s it would not have had to increase government debt by massive amounts.

      Keynes works, but only if you save for a rainy day.

      Japanese individuals have relatively high levels of savings. Typically, in excess of 15% of monthly salary is saved. The individuals are hoarding cash as per Ricardian principles in anticipation that in the future, large government debts will have to be repaid via taxation.

      Japanese individuals saw that the government had not saved for a rainy day, and took it upon themselves to do so.

  68. 215
    Anonymous says:

    I heard on the radio this morning that child poverty has risen to an all-time high.

    I look forward to hearing Cameron making an issue out of this at PMQ’s – and to hearing Gordon backpedal at a rate of knots.

    • 219
      Smash Labour says:

      It all started in America, Labour child poverty is better than Tory child poverty.

    • 227
      Charles Flaccidwidger says:

      “and to hearing Gordon backpedal at a rate of knots.”

      Which is to assume that McMental actually tried to answer the question. I suspect he’d have a terrically funny put down about Cameron having gone to Eton up his sleeve.

    • 233
      I have the power! says:

      Yeah – “we will eradicate child poverty”.

      No1.) How do you measure child poverty?

      N0.2) How do you know when there is no one in child poverty when they couldn’t even sort out the Darlington monster kids?

      “I shall guarantee against extreme weather events”

      Oh right,so this c*unt Brown is now a direct descendant of King bleeding Canute,now?

      • 353

        [PEDANT]
        Actually you have Canute all wrong. His stunt was to show people that he did NOT have the power to stop the tide.
        [PEDANT OFF]

        • 359

          And we were all taught at Primary School that it was the alleged arrogance of Cnut that led to his soggy feet.

          Government Education Policy: Re-writing history and lying to the masses as soon as you’re able to walk.

          Bastards.

    • 358
      smig says:

      He won’t be at PMQs. He’ll be hiding at Hillsbrough Castle with BIFFO.

  69. 216
    Anonymous says:

    It’s in the Contract, you know.

  70. 218
    Smash Labour says:

    Ugly dyke Jane Hill seems joyous that “we’re out of recession”. Really Jane? You mean 0.1% growth based on printing so much money and letting old people buy yet another shit Korean car is GOOD? Good I guess if you’re hoping that somehow the one eyed gay mong might manage to get elected again.

    • 224
      julian gardner says:

      Id hit it!!!!

      joolz

    • 226
      Anonymous says:

      Actually those Korean cars are far better than the shit European and Jap cars

    • 230
      Hmmm says:

      Lovely pair,though.

    • 242
      jgm2 says:

      Oh come on. I think she’s a very pretty dyke. I’m always a bit saddened when I find out a pretty girl is gay. I mean it’s not like you lose any sleep over the butch ones in denim but Jane Hill is a loss to the gene pool. Although she’ll probably get knocked up by AI or something.

      Still, pretty dykes do make some jolly good films and for that we should be thankful.

  71. 222
    Vince Cable says:

    “The brutal truth is the British economy is not recovering.”

    http://page.politicshome.com/uk/article/5093/

  72. 223
    The IMF is coming says:

    Lets hope the Blank chequebook will be closed soon

  73. 229
    Step on up says:

    Just wait until Elizabeth Wilmhurst appears in the Chilcott Enquiry this afternoon.

    Nothing like a woman scorned – she will make Dirty Harry Callaghan look like he’s out collecting for the Red Cross.

    This is like one of those games of Hangman – slowly building the gallows.

    Hopefully by Friday the whole scaffold will be drawn ready for Bliar to step up.

  74. 232
    Anonymous says:

    I havent experienced the recession thus far. I work for a company that in turn works for the MoD and Home Office and we have thus far increased our order book during the last year.

    I forsee when the Tories take over that our company and believe me there are more like us will suffer along with those directly employed in the public sector. At this point you can expect another severe downturn and the electorate will have noone left to blame but themselves, voting for hair shirts and bigotry.

    Sean, Southampton

    took this from BBC HYS – are people really this dim?

    • 235
      X marks the cowardice says:

      Yes they are.

      It’s just a question of how many of these arseholes will put their x next to Labour.

  75. 234
    bofl says:

    Gordon Dupes Public (GDP)

    http://uk.news.yahoo.com/4/20100126/tuk-child-poverty-fight-in-reverse-dba1618.html

    the rector talking out of his rectum (enlarged no doubt).

  76. 236
    Four Eyes says:

    David Tennant
    Tony Robinson
    Jo Brand
    Eddie Izzard
    Frank Skinner
    Stephen Fry
    Alex Ferguson

    Labour luvvies – dontcha just hate ‘em all?

    Any more to add?

  77. 238
    Hardly surprised says:

    I didn’t have to look at the beeb’s website, I knew it would have a massive headline about coming out of recession – lo and behold there it was – along with a big sparlky picture of an industrial worker.

    Shameless fabian society twats the lot of ‘em

    • 254
      Smash Labour says:

      The BBC are wankers.

      • 259
        Hardly surprised says:

        Also, go to any MSM business page and the business news is diabolical – I mean bloody Gotterdammerung-esque frightening. BBC’s lead story – ‘Mortgage approvals on ther rise’.

        BBC = parallel universe inhabited by myopic traitors

        • 280
          £142:50 says:

          There is no recession at the BBC. Overblown salaries and unlimited expenses continue to exhibit steady growth. Why would they not see the glass half full?

          • ShoutsAtTheTVwhenGordo'sOn says:

            “Oooh, you’ll miss the BBC when it’s gone…”
            “No, Auntie, we won’t… Time to call your bluff.”

          • Robert Robinson says:

            Oh, would that it were…would that it were….

  78. 239
    Govt by Cluster-Fuck says:

    Lets get this straight.

    0.1% is not growth.

    If you look at the statistic it is 0.1% on the previous quarter where there was negative growth.

    Barely floating , the economy is not saved in fact it is struggling to make it even.

    Or put another way , taken over the last 2 quarters we are still drowning.

    • 250
      Smash Labour says:

      As Brillo pointed out a lot of public sector spending was brought forward to the last Q of 2009 because of the VAT (before the change). Byrne looks like a tool and notice how mong boy has gone missing today. Chucking phones as Gerry Adams I hear.

      Fucking stay in Ireland you mong. Why is it that these lefty wankers kep saying the Tories are wrong when the economy is just going down the pan?

  79. 245
    Smash Labour says:

    Brillo just speared that twat Lyam Byrne and the Limp Dem wanker Cable. But how typical no Tory present. Instead we get the ex boss of Rover to give us his thoughts. FUCKING ROVER!!!! Like that was a well run company.

    • 278
      genghiz the kahn says:

      i’ve dog whose name is rover,
      oh my goodness,
      i’ve dog whose name is rover,
      e ba gum,
      i’ve dog whose name is rover,
      and when shits he shits all over….

      how many of the new cars bought under the scrappage scheme were made in the uk?

      • 293
        Delia H Smith says:

        There was a Yorkshireman who called his dog “Grieg”. ‘Appen it liked to pee agin’t suite.

  80. 252
    bofl says:

    Gordon Dupes Public (again)

    interesting post from al jabbeeba hys……..

    No way are we out of this mess!
    Its going to take a very long time sadly – many years. I worry about my mum and dad who will struggle – now my dad is working past mids 60′s in a factory job to survive as his private pensions are worth nowt.
    And here in the NHS we were sat down like school children last week to be told there needed to be 30% cuts – not know from where yet but it could be jobs. Cost saving left right and centre. Worse for the councils I hear..
    Very depressing times..

    NHS Worker, Nottingham

    +++++++++++++++++++++++++++++++

    so no cuts then?
    the hallowed nhs?
    surely the staff are lying and not brwon and balls??????????

    the truth NEEDS to come out………..
    having a lying phuqwit in no.10 is ruining this country………

    • 269
      jgm2 says:

      30% cuts would be aspirational but we can probably get by with 20% cuts. There is only one way to cut costs significantly in the NHS. Cut the cost of labour.

      Fire 20% of the staff or ask them to take a 20% paycut to save all their jobs. Simply put it to the unions and let them ballot the members to see which one they want to go for. Same with the councils, the teachers, the police and all the rest of them.

      Or they can all take a 10% paycut and 10% tax hike.

      There are so many simple ways to balance this budget that Brown has just obviously, recklessly, let get completely out of control.

    • 315
      ShoutsAtTheTVwhenGordo'sOn says:

      No, there won’t be any cuts. Not in “essential” services, anyway. (Sorry, I refuse to pay $1.99 for a new ‘sarc mark’)

    • 355

      Report on councils yesterday, was it? Anyway, the finding was that £15 out of every £100 of our money that councils spend is completely wasted.

      In the meantime, the pension deficit for council workers is so large that council tax rates will have to rise hugely to plug it.

      Hunts.

  81. 260
    Raving Loon says:

    Is that +0.1% nominal or real?

  82. 268
    Smash Labour says:

    I have to laugh at the BBC’s reporting about the Child Poverty report from Save the Children.

    http://news.bbc.co.uk/1/hi/education/8479364.stm

    Try and find any criticism of Mong and his Government in the article.

    “…The government says it has lifted half a million children out of relative poverty, and helped the very poorest, as defined by its own criteria.

    It has pledged to halve child poverty by 2010 from the 1998/99 figure of 3.4 million and end it altogether by 2020. ..”

  83. 272
    Anonymous says:

    They used to say Propert was theft perhaps we need a new one Newlabour is theft

  84. 273
    Anonymous says:

    The BBC is now an the arm of NuLabour responsible for dissemination of spin.

    • 281
      mondeoman says:

      This may well be the case, but how do you stop it this side of the election? This is a worrying trend, spread across a number of their outlets, a people take notice of what is reported, debated and discussed. This happended in 1996/97, programme after programme not moderated, just pure propaganda for Nue-labor, same thing in 01 and 05, history repeating its self but no one to stop it.

      • 291
        13eastie (100 Days: Goodbye, ☭ordon) says:

        The BBC is Sinn Fein to New Labour’s IRA.

      • 367
        Moley says:

        De criminalise non payment of the licence fee.

        Do nothing else.

        • 387
          Can'tHelpButShout@TheTVwhenGordo'sOn says:

          Heheheheh… Dan Hannan was trying to throw down such a gauntlet, saying something like, “I don’t pay my license fee; I just watch everything on the iPlayer. Yes, I get threatening letters, demanding payment but nothing ever comes of it… I think everybody should stop on mass and see what happens.”

          Most amusing, he said this on the BBC’s “Any Questions”

  85. 274
    Fubar Brown says:

    Look you lot, it all started in America

  86. 294
    Kerching says:

    If the BBC employees think 0.1% increase is OK, I see an easy solution for their next wage increase, everybody is happy

  87. 296
    Moley says:

    The recession might have stopped deepening, (perhaps), but it isn’t over until GDP returns to where it was before the recession started.

    Did anybody notice that Greece had a miraculously successful bond auction, despite being downgraded? It is cheaper for other European countries to buy Greek debt and support the Greek Bond market, than it is for them to let Greece default and wreck the Euro.

    The banks got us into a mess because they bought each other’s debt and classed the resulting securities as assets which supported further lending.

    We now have the spectacle of Countries doing the same;
    “I’ll buy your debt if you buy mine”.

    It’s a zero sum game because the debt is regarded as an asset equal in value (more or less) to the payment price.

    It all went wrong for the banks, and eventually it will all go wrong for Sovereign nations if they do the same, but the resulting catastrophe will make the last few years feel like paradise in comparism.

    • 343
      caesars wife (aboard the dustcart) says:

      Agree with that it is a zero sum game because economic structure is all wrong , you cannot get growth from a service sector you have to cut !!

      Darling/ruin have lined us up for a right old mess .

    • 345
      Engineer says:

      Which rather reinforces the view that to set things right for the long term, the sensible actions are to avoid increasing the debt, mainly by cutting back public spending to match income, but also by trying to stimulate the wealth-creating part of the economy. Only when tax-take is increasing on the back of economic growth can the debt be payed down, and that will only happen slowly.

      The other alternative is to inflate away the debt; we’ve been there before, nobody who went through it wants to go back to that.

      If nations start buying each others’ debt, the problem will be compounded. Rather like an animal trying to sustain itself by eating its own droppings.

      • 384
        Hello rat fans! says:

        If you have an inefficient digestive system, like the rats does, it actually makes sense to redigest your stools. Given the global prevalence of thriving rat populations it is a successful – if repellent – strategy.

  88. 297
    Gordon's Chocolate Starfish says:

    Well, at least I am showing a large year on year increase.

  89. 299
    Groucho says:

    Oh dear Jack, been telling porkies at the enquiry have we:

    http://www.timesonline.co.uk/tol/news/world/iraq/article7002996.ece

    Cowardice and dishonesty. Thats some family tree you’ve got there Jack. I guess you were always destined for a career in politics.

    • 361

      No Judge. No Jury. No Oath Sworn.

      No Perjury for LYING.

      Those being questioned by Chilcott have no reason to tell the truth.

      Parliamentary Enquiries? I shit ‘em!

  90. 301
    Rigg Welter says:

    On WatO Ed Stourton scorned Darling about £300B QE v 0.1% growth. Darling waffled his way round it without answering the ques?. Stourton re-iterated the question but FFS! Darling got off the hook again. Al-Beeba don’t you just love them!!

    • 338
      Engineer says:

      Credit to Stourton for making the point at all. I can’t think of any other Beeboid who would have asked that question – a point that jgm2 in particular has been highlighting for some weeks on here.

      Darling’s answer spoke volumes – he hadn’t expected the question, and it totally flattened him. All he could do was waffle.

      • 347
        Rigg Welter says:

        Engineer, fair enough that he did pose the question but it is never followed through and the waffle is not curtailed. Stourton should’ve shamed him by ending the interview and not thanking him for his contribution. If they take their bat home then fine and dandy but deny them any future publicity and have politicians on who will answer the question (now that’s another problem)!!

  91. 302
    albacore says:

    Has anyone considered why continuous economic growth is so indispensable?
    At best, Brown’s version is that old demon, overtrading.
    Given an accurate figure for the UK’s population now, the per-capita output would be a figure wondrous to behold from an historic (and adjusted for inflation) perspective.

  92. 310
    Anonymous says:

    Sell cow, buy magic beans.

  93. 312
    Jimmy says:

    Very true. If you subtract things from the number then it does indeed get lower. Are you a trained economist or did you work that out by yourself?

  94. 335
    David S says:

    Gordon pushed the pendulum wildly out of control and in swinging back it will not conveniently stop at the centre without swinging equally far in reverse.
    Mark to make-believe valuation of assets won’t alter the laws of dynamics
    Q.E has only allowed a blanket to be pulled over the true economic position, delaying the inevitable oncoming truth, that the real recession may not have fully begun.
    It’s rich that Gordon, Darling and Mandy are now so clear in their vision and understanding of the economic problems that they are able to dispense solutions, but amazingly their less than 20/20 hindsight doesn’t confirm their participation in and creation of the current situation.

  95. 336

    Okay the Beeboids will be spinning this like crazy, but a little more pertenent is this:

    At the last budget, what was Darling’s predicton of growth for Q1 2010?

  96. 341
    caesars wife (aboard the dustcart) says:

    Broadly agree with many posts in that car scrappage looks like our money has been used to massage figures further down stream , and the sheer lack of Darlings conviction is enough for me . The truth to me seems that hes been propping up a very deep and damaging recession and all the money thrown at it has arrived at weak unstable growth because the costs and debt will act over the long term .

    Basically its structural , this model is so wrong as its to centralised with too much non productive economic costs .

    If all blancheflower and cable can keep issueing statist pep pills tells you how much of how weak a politcal trajectory it all is . The various MSM have had there takes on it , but Darling has failed to make it clear what the stuctural performances are going to be , the centralised consumerside will grow slowly whilst the more diverse retail will suffer . Add on the cost cuts and centralised service sector purchase will fall .

    E economy has in built low growth structure very different from previous supply and demand ecnomic models , basically its low cost efficient centralised purchasing keeps wealth in the arteries , CW is very doubtfull at what is being termed as “patchy” is anything more than the certain local economies dying on its feet longer term .

    the redistrubution of wealth via taxation never has the same benefits as as balanced producer models , its not so much the figures its, the structure which will not deliver the growth as well in CW opinion .

  97. 348
    Chunderbucket says:

    you’re slobbering again CW …bit early in the day for your lectures…bad economic management has put us where we are not the structure.

  98. 350
    Great Granddad says:

    Look on the bright side. With just another 2O0 Billion in quantitative easing and an extension of the clunker scrapage scheme, we could have another 0.1% rise in the GDP this quarter! Before you get too carried away with that, you have to realize that we shall need a lot of 0.1%s before we get within the statistical error bar for the calculation of the GDP. Or to put that another way, to calculate any country’s GDP to a degree of accuracy of 0.1% is beyond the current ability of man.

  99. 351
  100. 362
    Tom Logan, Institute for Studies says:

    Here is the real reason the economy ‘grew’ last quarter: a fat chick buying a choccy bar.

    http://www.thedailymash.co.uk/news/business/uk-economy-grows-by-fifteen-pence-201001262413/

    The irony is it was a Cadburys chocolate bar, and soon to be replaced with something crap which will further ruin the economy. Or something.

  101. 363
    smig says:

    Fuck Diversity!

    The question is “Can you manufacture something for less than the Chinese so we can export it, get a nett inflow of money and pay off the National Debt.”

    If the answer is no, then please fuck off. You’re a waste of space.

  102. 366
    Moley says:

    The 0.1% will be revised upwards to 0.2% just before the election, and the BBC will announce;

    “Growth doubles under new Labour!!”

    “Don’t endanger the miracle by voting Conservative,!!!”

  103. 379
    Andrew k says:

    So Gordon is now Mr 0.1%??


Seen Elsewhere

Ed’s Constitutional Failure | ConHome
UKIP Poster Girl’s Naked Photos | Sun
Miliband’s Radical Old Labour Agenda | Fraser Nelson
Meet Team Miliband | Dan Hodges
Run Boris Run | Times
Tories Pledge to End Onshore Windfarm Subsidy | Telegraph
Labour’s Plan to Attack Part-Time Boris | Standard
Ex-Sun Hack Cleared After 582 Days on Bail | MediaGuido
11 Times Boris Denied He Would Stand for Parliament | Buzzfeed
Attacking UKIP’s Posters is Counter-Productive | Guardian
Sarkozy Tried it on With Hollande’s Ex | Times


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A confused Nick Griffin says Nigel Farage is a shill for the City, forgetting that City banks want to stay in the EU:

“Farage is a snake oil salesman, but a very good one. His supposed anti-immigration stance is all smoke and mirrors, as is his carefully cultivated image as a ‘man of the people’. The truth is that UKIP is a pro-immigration party that exists to lobby for the interests of the City of London.”



Alexrod says:

It’s money innit.


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