October 25th, 2012

+++ GDP UP 1% +++
Above Expectations, GDP Flat Year-on-Year


73 Comments

  1. 1
    Peter Grimes says:

    Chew on that, Millionaireband and Bollox!

  2. 2
    Gayer says:

    Unlucky Miliband.

  3. 3
    IDS says:

    Oh goodie some more yachts then

  4. 4
    Gordon Brown says:

    told you so

  5. 5
    Gunter says:

    +++ GDP UP 1% +++
    Above Expectations, GDP Flat Year-on-Year

    Thant will piss the BBC off

  6. 6
    Mornington Crescent says:

    +1 (%).

  7. 7
    nigelforengland says:

    Still not up on the BBC website!

  8. 8
    Peter Grimes says:

    Barely any questions at the ONS press conference. Evidence to me that much of our press is only interested in bad news. The concensus 0.6% growth well and truly bust! Half of the idiot triumvirate of BrownBallsMillionaireband’s 6+% fall in gdp reversed. If you strip out Brown’s false boom, we are about where we were in the middle of the first decade of this century. No mean feat given Brown’s destruction!

  9. 9
  10. 10
    Peter Grimes says:

    I wonder how the sneering, ignorant, leftist cow Flanders will play that down?

  11. 11
    ToonBert... says:

    BBC are playing it ‘Good news, however……’

  12. 12
    smoggie says:

    BBC reckons it was the Olympics what done it not Osborne’s policy of trying to reduce the debt.

  13. 13
    ToonBert... says:

    I cannot imagine the TV News media running a story ‘How the Labour Years f*cked us’.

  14. 14
    Brenda, Buck House says:

    “In comparison to quarter two, the latest quarter had one more working day and this will impact on the growth between the second and third quarters.” – ONS

    So working days increased 1/64(13 weeks Quarter) x 100 = ~1.5%, due to the extra bank holiday in June, in Quarter 2.

    So, actually, GDP fell for the increase in working time, at 1%, compared to 1.5% more worked time. Hurrah! The plebs will only read Gayboy Fucker’s headlines and won’t understand they’re being taken for a ride again!

    God I love this country. Treat the plebs like vermin, blame them for the looted out, bust country and they still fawn over us. Ceausescu, eat yer heart out!

  15. 15

    Thtill – on the other hand, I thuppose I COULD buy thum more houtheth with all my thpare money, and went them out to the plebth, thorry, leth well off.

    Although, ath Mithter Juthtine Thornton (thatth how I am known at home by my beard, thorry, wifey) I have alwayth thaid that I would like to have twin boyth nextht, and call them both Nathan – but Juthtine thays I can only have……..ONE NATHAN!

  16. 16
    John B13 RC0 says:

    If anybody spots a bright red Freelander apparently driving itself through Westminster, don’t panic, it’s only me!

  17. 17
    Aunty Matter says:

    BBC Radio 5 doing a good job of sneering at the growth figures. Nicky Campbell was right off the mark wheeling out lefty lovers claiming that it was all sweetness and light under McGordon.

    I seem to remember than when growth figures were announced by McIdiot the BBC were the first to wheel them out as facts, now the BBC tell us that these figures are not reliable.

  18. 18
    M says:

    How will the compensation payouts to the victims of Savile effect the GDP figures in the future ?

  19. 19
    Snapper Organs says:

    How did Rachel Reeves know?

  20. 20
    Aunty Matter says:

    Nicky Campbell had his best mate Gallomong on this morning as well wanking on about kiddie fiddling. Of course Nicky Campbell nearly wet himself mentioning Tom Fatson and ‘Fatchur’ and kiddie fiddling at 10 Downing street.

    You just know the BBC have got Fatson to mention this story in the Commons so it can be used to divert attention away from the BBC.

    Funny Nicky Campbell didn’t mention Harpic and her relationship with PIE

  21. 21
    Bully-Boy Ed Bollox says:

    That much? Oh shit.

  22. 22
    Aunty Matter says:

    Easy

    1. One set of figures and can’t be trusted

    2. Exceptional conditions

    3. No proof government policy is working

    4. Wheel out Ed Balls

  23. 23
    Indigenous Pleb not falling for Kosher Gayboy's BS says:

    It was, partially, you twat.

    “Tickets for the Olympics were sold in tranches through 2011 and 2012 but, in accordance with national accounts principles, these have been allocated to the third quarter, when the output actually occurred. Ticket sales were estimated to have increased GDP in the quarter by about 0.2 percentage points” – ONS

    The other 0.8 % was made up by the extra working day, compared to Q2, with its extra bank holiday. Accounting for the extra day – an increase of 1.5%(1/64×100) available working time, plus the 0.2% boost of olympics ticket revenues, GDP, adjusted like for like, Q2 to Q3 2012, fell by approx. 0.7%.

  24. 24
    Gordon Brown says:

    This is clearly just a negative contraction.

  25. 25
    Aunty Matter says:

    Radio 5 mong Andrew Verity

    DOOM DOOM DOOM DOOM

  26. 26
    Spode says:

    She’s probably too busy instructing lawyers. An amusing avalanche of fear and loathing has buried the Beeboids. Since their priority is, always, self interest, singing Miliband’s tune will have to take a back seat for a while.

  27. 27
    Peter Grimes says:

    And provide no counter opinion to that of Bollox! That figures.

  28. 28
    Bob Fleming says:

    Would that be the same BBC that appears to have not only covered up rampant paedophilia in it’s ranks for 5 decades but actively facilitated it by providing paedophiles with children’s programmes to front? All funded by the public via the tv tax…

  29. 29
    Aunty Matter says:

    Of your bowels?

  30. 30
    Peter Grimes says:

    The tone of this post and of 23 is so similar that the poster must be the same person.

    Leftoid troll alert!

    Good to see you out of bed early though, is it your signing on day today?

  31. 31
    Hugh Janus says:

    Yes, Flanders was at it earlier, much the same line – looks good but from a low point, some might say it isn’t enough, all sorts of reasons to sneer and scoff.

    When I want her ‘interpretation’ I’ll ask for it. Far too much of this ‘comment’ from the disgraced BBC these days. Enough! Give us the figures and we’ll work it out for ourselves. No more pro-lefty spin please.

  32. 32
    Spode says:

    Will you be charging the periscope to the taxpayer?

  33. 33
    TV News Media says:

    We blame Thatcher.

  34. 34
    Gayest says:

    Hello, my name is Chris Bryant.

  35. 35
    jgm2 says:

    Tut tut. Just because there’s an extra working day doesn’t mean that the entire GDP has to be reduced by 1.5% to account for that working day.

    If the Olympics can give a ‘boost’ of 0.2% just from ticket sales then an extra bank holiday (such as in the prior quarter) also boosts the retail spend because the folk who are not working all head off to Bluewater or Westfield or wherever. Or all buy a ticket up to London to see the Queen. Or all go to Alton Towers.

    This is a consumer economy. The GDP goes up when people are spending. Not when they’re saving.

  36. 36
    K.D. Fiddler says:

    The BBC is doomed!

  37. 37

    Growth will come from this.

  38. 38
    Fatso watson watch says:

    I think that N korea has come up with a solution that may be applied to the manegment of the BBC. North Korean official is executed by MORTAR SHELL
    (todays Mail)

  39. 39
    Indigenous Pleb says:

    kiddie fiddling today, peter. sound the type.

  40. 40
    Fatso watson watch says:

    Flanders will console herself with a twosome with the ed’s

  41. 41
    Sky says:

    We sincerely hope so!

  42. 42
    David Laws, Gayer and Thief says:

    Well Helloooooooooooooo

  43. 43

    I’m afraid your last contraction came in the second quarter.

  44. 44
    John B13 RC0 says:

    Putting my club foot to the metal

  45. 45
    Indigenous Pleb says:

    jgm2, I know you’re a Brummie, so thick as a shit, but if you could be bothered to reference the actual data rather than your prejudices and half-wit reserves of wisdom on such matters, you would see ONS reported it was not the ‘consumer economy’ that drove the Q3 GDP statistical rebound but more the statistical rebound of the manufacturing sector in July, +3.1%, after falling 2.9% in June, due mainly to the extra bank holiday for the Jubilee. The 3.1% rebound in Manuf. in July alone drove a lot of this statistically misleading Q3 1.0% overall rise figure.

    Do some research before spouting off.

  46. 46
    Mornington Crescent says:

    Peston’s trying his best, too:
    “I suspect Treasury would have liked GDP figure to have been less strong.”

  47. 47
    Quisling says:

    Hopefully not in spurts

  48. 48
    I hate Parliament so much it hurts says:

    That is a particularly stylish (and Bond-villainish) way of disposing of one’s political enemies. I thought it showed good initiative to test-fire a few mortars first, just to pinpoint the exact spot where the victim should be positioned.

    North Korea should be commended on this sublime method of execution. I think we should invite them over here to demonstrate it to enthralled crowds in Parliament Square. Ticket sales would raise money for charity, the annihilation of 650 MPs will save money for the taxpayer, and the bits of meat will feed the pigeons.

  49. 49

    Santander profits plummet 94%

    ♫♪ There may be trouble ahead… ♫♪

  50. 50
    Jokeline says:

    Savile was sitting with a friend on a bench in a park when a 16 year old walks past.

    “look at that” says Savile “I bet she was a right goer in her day”

  51. 51
    Another Engineer says:

    So the Q2 figures were artificially low? We weren’t in recession at all?

  52. 52
    Santander says:

    Gilipollas

  53. 53

    Rebound in manufacturing? How could that be, my good man, when I thought that LieBore and their broadcasting and publishing arms the BBC and the Gruniad are assuring us we are categorically in a double dip recession? Sorry, but are you using lies, damned lies or statistics to talk this down, or is it just sharp wine.

    Still, I guess you can’t teach an old dogma new tricks.

  54. 54

    BBC are just not having a good year.

    I worry for the health of their drones. Meanwhile in other news…

  55. 55

    Like Nivea, it’s very good for skin.

  56. 56

    Osborne. El Toro Español.

  57. 57
    Mine d'Boggles says:

    I used to like Abbey National, and Bradford and Bingley. Any chance of a liberation and/or resurrection?

  58. 58
    Postal Vote says:

    Indeed it will piss the beeb off, not the least because beeb economics editors Ms Flanders used to date the two most prominent Eds of the labour party, but not at the same time though!

  59. 59
    Mornington Crescent says:

    The BBC have got their own growth figure to worry about this morning:

    http://www.bbc.co.uk/news/uk-20081021

    Perhaps this an(nu)al trend is “broadly flat”, too?

  60. 60
    Old Tory Bigot says:

    Absolutely spot on about Balls.

    Comments from him on BBC News 24 and will ‘speak to him later on’.

    Balls says ‘Good news but…’

  61. 61
    Jimmy Savile says:

    How come everyone can talk bollocks about figures for the economy, but when it comes to old Jimbo, the figure keep piling up in the positive?

    Milkers.

  62. 62
    Catweazle says:

    We’ve been here before. Any bets on a triple-dip recession?

  63. 63
    Moussa Koussa's pet meerkat says:

    Growth…mmmmmmmmmmmmm

    Growth in Utility companies profits
    Growth in petrol prices
    Growth in soup kitchen numbers
    Growth in food bank numbers

  64. 64
    Peter Grimes says:

    I’m sure, Pleb, that you were constantly on this blog during 1997-2007 telling us that ZaNuLieBor’s ‘boom’ was the great illusion which it was proven to be in 2008. And I bet you warned us about the danger of increasing deficit, structural or otherwise and debt (the latter doubled 2002-8, a supposed boom period) and of unfunded welfare expenditure increases.

  65. 65
    farcical project says:

    Hows that electric car company coming along in the North-East?

  66. 66
    Jimmy Savile says:

    Gr.owth in renting

  67. 67
    jgm2 says:

    So when GDP ‘went down’ in Q2 and the bedwetters were swooning all over the place about a recession it was just a statistical blip caused by an extra bank holiday?

    If you say so.

  68. 68
    Johnny says says:

    Only one more working day in Q3? There were 5 bank holidays in Q2 (Good Friday, Easter Monday, May day and 2 (sort of) for the Jubilee) and 1 bank holiday in Q3 (27th August).

    I think what the ONS are talking about is that there was 1 fewer working days in Q2 *than is usual for Q2* not one fewer working days as an absolute figure, and that it was not adjusted for.

  69. 69

    I was driving my little red rocket into the Dartford Tunnel the other day, when I remembered that I didn’t have enough cash to pay the toll at the end – but she let me off until I’d been to the bank!

  70. 70
    Sky's just as bad. says:

    Sky News “economics editor” interviewing Ozzie post announcement is far more interested in his class of travel arrangements than in todays ONS figures (which he derided as yes,but…). Like a dog with a new bone, but put firmly back in his boz by Ozzie. “Have you ever travelled in standard class, Mr Osbourne?”

  71. 71

    Even if she had, she would still have been short changed.

  72. 72
    Peter Grimes says:

    Is he the one who plays for Sarries or the one who plays for Tigers?

  73. 73
    Peter Grimes says:

    Bloody good job that the Dagoes aren’t getting Lloyds, though. Little Georgie Osborne should tell the EU to fuck off with regard to that sell-off, unless the Krauts, Frogs, Eyeties and Greeks are forced to sell off their crap, sorry, showcase, bank assets at a knock-down price. I’ve got a spare tenner so might bid for the whole bust package.


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