January 28th, 2014

Q4 GDP +0.7%

Everything you need to know about today’s GDP figures in one place:

  • GDP increased by 0.7% in Q4 2013 compared with Q3 2013.
  • Output increased in three of the four main industrial groupings within the economy in Q4 2013 compared with Q3 2013.
  • Output increased by 0.5% in agriculture, 0.7% in production and 0.8% in services.
  • However, output decreased by 0.3% in construction.
  • In Q4 2013 GDP was estimated to be 1.3% below the peak in Q1 2008.
  • From peak to trough in 2009, the economy shrank by 7.2%.
  • GDP was 2.8% higher in Q4 2013 compared with the same quarter a year ago.
  • GDP is estimated to have increased by 1.9% in 2013, compared with 2012.

The ONS’ conclusion: growth is not strong but the economy seems to have “a better tone” than previous years.


187 Comments

  1. 1
    Anonymous says:

    Welcome to order-order, a veritable Jurassic Park, a cornucopia of verminous, parasitic, xenophobic, lickspittle, non empathetic sociopathic swivel-eyed lunatics, these reductive whores of Social Darwinist voodoo economics, who wish to reduce every aspect of humanity to mere units of production, who despise ordinary people, who see their only value as an entry in a profit and loss account, to be exploited by the human garbage that this sub-strata of humanity are, and the corporate fascism they serve. One only has to read the comments by Rightist shills posted daily on Guido’s blog to see the true face of their malignant, cancerous moral degeneracy, and in that, they at least serve a purpose. I would recommend the guillotine but much like the gargoyles on a church spire, they represent a grotesque warning of how deformed one’s humanity can become. These end-of-pier, amateur-hour economists, these neo-liberal whores are nothing more than errand boys sent by banksters, rentiers and hedge fund managers, to collect a bill that we’ve already paid in full. Long may they continue as a reminder of supreme idiocy and malevolence.

    • 2
      Paniagua V5.1 says:

      All done so you don’t feel out of place.

      • 38
        Bilda Berger says:

        He seems to have a bee in his bonnet, as my dear old nanny used to say while buttoning up my Little Lord Fauntleroy outfit.

        • 53
          Paniagua V5.1 says:

          :D

        • 83
          FFS says:

          I think he’s a bit pissed off by the public’s reaction to Balls announcing his big plan for the economy is putting up taxes.

          I guess he’s blaming us……

          • extreme projectionism of socialism says:

            You just described the entire philosophy of the left. God knows why you are telling us off for it.

    • 5
      Friendly advice says:

      I’d ask the GP to up your dosage Mr Skinner

    • 10
      cep says:

      That post was boring the last time.

      I bet you spent days writing that.

      It’s still shit.

      • 31
        Blooming Godfrey says:

        Calm down Ed Balls!

        • 35
          Blooming Godfrey says:

          Sorry, that should have been under the main topic not your’s “cep”.

          Must get some socialist inspired computer literacy course under my belt!!

    • 12
      Macj says:

      Go and see nurse for your medication, there’s a good boy!

    • 18
      Stick that in your pipe! says:

      Agree completely. But please don’t pretend Labour are any better. 13 years of Blair and Brown proved that in spades. If anything, Labour are worse.

    • 20
      Reductive Whore (whatever that is) says:

      Do we take it that you’re not happy with the good news on the economy and jobs then?

    • 21
      Anonymong says:

      You are Owen Jones and I claim my Five Pounds.

    • 25

      I’d claim overtime from Trollbot HQ for looking up all those long words if I were you. “…who wish to reduce every aspect of humanity to mere units of production…) reread your Marx. The idea of human beings as units of production was all his. Corporate fascism, or the socialisation of debt as it should be known, is another socialist innovation renamed as a slur on capitalism when it all went wrong.

      And all this hypocritical cant because Plan A is working and the country is at last recovering from the Brown/Balls led bust and bigger bust economics of the reign of terror, 2006 – 2010.

    • 26
      Tony Blair says:

      “A better tone” you say. I am the Best Tone.

    • 28
      Incitement to Violence? says:

      I would recommend the guillotine

      • 138
        Ed Balls thinks austerity is another name for the outback says:

        So he’s in favour of cuts – can’t be a Labourite then.

    • 32
      Anonymong says:

      Remember kids…

      GDP INCLUDES Government Spending. Government has no money of its own.

      Double counting at its best.

      Charlatans, liars and thieves the lot of ‘em.

      • 93
        FFS says:

        Remember the days when a healthy British economy was measured by the trade deficit and unemployment figures?

        Strangely that went out of fashion just as Labour took power……

        • 141
          Anonymong says:

          I do recall.
          The trade deficit has now been joined by the Overseas Bribe Aid Budget to enable cash to flow out of the country.

    • 56

      1980′s – A female member of the UK parliament sexually abused a thirteen-year-old boy called Andrew Ash

      • 105
        FFS says:

        Hmmm, remember that chap that claimed he had been abused by Lord McAlpine? He was shown a photo of the good Lord and said “Oh, well it certainly wasn’t him!”

        So I have concluded from this that molestors have a habit of either using ludicrous nicknames to cover their real indentities, or they deliberately choose false identities of the rich and powerful as a warning not to mess with them.

        Frankly, with the internet being a hive of conspiracy theorists all more than happy to collect names of the accused, I would expect the same names to apper again and again from multiple sources. Apart from the ones already arrested this doesn’t appear to be happening.

        So unless Mr Ash find someone that can collaborate his story, and unless the female MP is a LibDem, then I would take it with a pinch of salt.

    • 67
      member of knobbly knees group says:

      Oh! dear, was it Didums turn to pay for the beer last night, having to shell out money sometimes does wind people up sometimes, I wasn’t too pleased when I had to pay for 6 cream teas last evening, don’t worry you will calm down.

    • 79
      Anonymous says:

      did well to get that lot in and still be first, I might have a go at reading it later.

    • 117
      Village Idiot says:

      …..If I were you,i would put on Rose tinted spectacles,as your outlook and take on things,will make you more bitter and twisted,and,could impair your health!….Lighten up…we only come this way once,and really,all that matters in this joyous world of beauty,is your health!!…Good mental health can help with the passage through life!

      …..(oops,getting a bit heavy,sorry)

    • 126
      Postal Votes are Labour Loo Paper says:

      You really should not come off your medication without seeking medical advice.

      PS BTW the only end-of pier amateur hour economists that I see are in liebor- Ed Balls, QED.

    • 132
      Great Granddad says:

      Welcome Anonymous 1. I am glad to see that you are a fan of Mlle Guillotine. I am too and I have built one down the bottom of my garden. You should come around for tea some time and I would be delighted to introduce you.

      • 139
        non taxable pikey says:

        Another great British invention that wasn’t copyrighted. Blasted Frogs stole it and made no royalty payments. First made, tested on a cow and then used for a while on miscreants in Hartlepool.

        • 178
          Anonymous says:

          While the French might have not made royalty payments – did they not make a good job of making royalty pay?

    • 144
    • 147
      Dontvoteforanyofthem says:

      @ anonymour, posting at number one….

      Whereas you are such a kind, empathetic and understanding soul, who only wants to murder people who you disagree with. You are a psychopath who needs psychological help. If you are looking to expose and defeat hatred, bigotry, prejudice, look in a mirror and treat the cause of your hatred. YOU!

      What is really terryfing is people like you are allowed to vote.

      • 160
        extreme projectionism of socialism says:

        What is even more terrifying is that people like us aren’t allowed to vote for anyone except people like him.

    • 167
      TFFT says:

      “Just rejoice at that news”

    • 172
      Jack Ketch says:

      So, should I put you down as “Undecided” or “Don’t know”?

  2. 3
    Winning for Britain says:

    George Osborne is winning for Britain

    • 9
      the general public says:

      errrrr, no! Britain is getting better, very slowly, despite Boy George.

      • 65
        Spartacus says:

        and inflation is less than five percent

        lies, damn lies, and statistics

        • 111
          FFS says:

          I’m paying a lot less for my petrol than I was a year ago. The joy of rising Sterling.

          So yes, inflation probably has fallen. It was huge just after Labour fucked up the economy and Sterling fell 25% relative to the $ and Euro. But now it is stabilising

    • 186
      Piggy Banks says:

      If Osborne is winning, it is only for the bankers and big businesses. For, according to ITN, 69% of voters believe the coalition understands the concerns of banks more than families. ITV News Index carried out by ComRes.

  3. 4
    Ed Balls says:

    Umm

  4. 6
    Stick that in your pipe! says:

    And for all you paranoid BBC news haters who keep making up lies that it never covers positive stories, this is the lead story on their website now:

    UK GDP grows by 1.9% in 2013 – ONS

    UK economy grew by 0.7% in fourth quarter of 2013, bringing annual growth rate to 1.9%, ONS says

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

    • 15
      Stick that in your pipe! says:

      Full story:

      The UK economy grew by 0.7% in the fourth quarter of 2013, bringing the annual growth rate to 1.9%, said the Office for National Statistics (ONS).

      It said this was the UK’s fastest annual rate of growth since 2007.

      “We’ve seen growth in most parts of the economy,” said Joe Grice, chief economist at the ONS.

      But growth in the fourth quarter was down slightly on the third quarter’s 0.8% figure and annual growth remains well below 2007′s 3.4% pace.

      In December, the independent Office for Budget Responsibility revised its 2013 UK growth forecast from 0.6% to 1.4%.

      It is currently forecasting growth of 2.4% for 2014.

      There was a sharp drop in UK unemployment last week – the jobless rate now stands at 7.1%.

      • 30
        cep says:

        Thanks, we already knew that. We watch and read news too.

        You don’t have to repeat yourself.

        It’s fucking boring.

        • 42
          Stick that in your pipe! says:

          Except you and your fellow in-patients love to keep saying things like “of course the bbc won’t be reporting this”

          • Mr Potato Head2 says:

            They could hardly NOT report it could they? It doesn’t mean it didn’t stick in their craw to have to admit that Labour was always wrong on economic matters – and still are.

          • Fish says:

            It’s not that they don’t report it, it’s the unique way in which they do.

            Good news isn’t enough…they need to reflect Balls’ ‘they choked off our recovery bit…it’s all too slow’ i.e. the BBC have to say, ‘…and annual growth remains well below 2007′s 3.4% pace.’

            What Balls means is that the Toires aren’t climbing out of the fucking huge hole, quickly enough. The hole that he, Brown and Miliband dug for the country.

            Faced with the huge disaster that Balls left, it’s a wonder that there’s any growth at all

          • The BBC says:

            The growth in the economy is unbalanced.

            Later today we will be giving Shadow Chancellor Ed Balls one hour to explain why the UK economy is really shit, without giving the government a right to reply.

          • The BBC says:

            Oh sorry we did that last night when the next Chancellor, Ed Balls was a guest of Mr Paxman

        • 80
          Stick that in your pipe! says:

          Don’t change your tune, potato head. The daily mantra here every day is “the bbc won’t be reporting this”.

          • Mr Potato Head2 says:

            Bollocks. It is things like Falkirkgate and standard Labour corruption that the BBC try to avoid mentioning at all costs. Economic news is always mentioned – but the BBC put their left wing slant on it. Whereas anything like a non-entity of a UKIP councillor believing in a vengeful God gets prominent attention. If people are eccentric for believing in God then there are a lot of eccentrics in this world.

          • Julian the Wonderhorse says:

            Wow, it might even knock the death of a communist singer off the top of the headlines. How many words of good news on the economy do the Beeb use before the BUT….?

      • 179
        By the way says:

        An ITN News poll shows that 61% of voters think the growth has only benefited the wealthy – with 74% that consider that the gap between rich and poor is getting bigger.

        So, instead of the same old insults, would anyone like to comment on the views of the public?

    • 43
      Ludvig says:

      But there will be buts, as soon as the two Eds are consulted.

      • 51
        Stick that in your pipe! says:

        New headline:

        UK economic growth best since 2007

        Let’s see how many times the Eds are mentioned in the full report:

        The UK economy grew by 0.7% in the fourth quarter of 2013, bringing the annual growth rate to 1.9%, said the Office for National Statistics (ONS).

        It said this was the UK’s fastest annual rate of growth since 2007.

        “We’ve seen growth in most parts of the economy,” said Joe Grice, chief economist at the ONS.

        But growth in the fourth quarter was down slightly on the third quarter’s 0.8% figure and annual growth remains well below 2007′s 3.4% pace.

        In December, the independent Office for Budget Responsibility revised its 2013 UK growth forecast from 0.6% to 1.4%.

        It is currently forecasting growth of 2.4% for 2014.

        There was a sharp drop in UK unemployment last week – the jobless rate now stands at 7.1%.

        Let’s see…no, don’t see any mention of Labour or the Eds.

    • 60
      Pdubya says:

      I’ve been listening to Radio 4 and wtching sky news today and am surprised that they havent yet arranged a date for their wedding!
      Eamon holmes and Derek Conway are reading from the same hymn sheet as the BBC. The growth is not the right. Do you feel any better, oh look Vince is wading in with a counter argument of not so fast(which conveniently puts him in both camps at the same time for the benefit of posterity and the ability to claim that he was right whatever happens)
      If Labour was the current government these negative bastards would be crowing for all they were worth at a bit of good news instead we get caveats as long as your arm as to why things are not necessarilly as rosy as they may appear.

    • 107
      The BBC says:

      In the interests of balance, we are desperately trying to find one demographic where growth is lower.

      It is becoming clear that unemployed ginger lesbians in the 40-45 age range and living in Tottenham are NOT seeing the benefits of growth.

      Well, not actually the whole of Tottenham, just the bit between Landsown Road and Watermead Way.

      Well, actually just people on Tilson Road.

      Well, actually, we just found one person, but we are sure she is representative of the MANY people who are suffering at the hands of the out-of-touch coalition.

      Also we’ve asked Ed Balls onto World at One to say that he never actually said that growth would not reach 0.7%

  5. 7
    Ed Green says:

    More mild good news as the ship of state slowly pulls out of the maelstrom Brown, Balls, Miliband and Cooper’s incompetence sent her into the heart of.

    p.s. Anonymous seems to be off his meds.

    • 41
      The Ship of Fools sails on says:

      Unfortunately the passengers on “MV Great Britain” are getting fractious at the ships lack of progress, the number of stowaways that keep boarding the ship and escalating bar prices on board and may vote to change the Captain and Crew from Captain Cameron and First Officer Clegg to Captain Miliband and First Officer Balls who it may be recalled were crew under that great Scottish Captain Commodore Brown who steered the ship into the iceberg which requiring extensive repairs to its infrastructure. Speaking on behalf of Captain Miliband First Officer balls told a delegation of passengers that it is unlikely that the same thing would happen again if they decided to opt for change of crew BUT that he cannot rule ANYTHING out.

      Meantime the well know Buccanneer and Privateer Captain Farage has been sighted off the bow and may attempt a rapid boarding

      • 95
        Captain Pugwash says:

        I named my ship after Diane Abott!

      • 156
        Fly on the wall says:

        Whatever happened to that doomed boat that those lefty loony global whatsits left stuck in thick pack ice in the middle of the summer. Is it still stuck? Did it get free/crushed? What happened to the ice breakers? Has the Turkey been bill for the rescue costs yet?

        Questions questions….

        • 174
          JH398493425423-93 says:

          They have rather quietly arrived in Australia, I believe.

          Not much mention of who is to pay the $2.5 million direct cost of the rescue, or compensation to the actual scientific expeditions that have had to curtail their activity due to their icebreakers being diverted.

  6. 8
    Displaced Brummie says:

    Ed Miliband: “Balls! This is bad news!”

  7. 11
    Ed Balls up - Shallow Chancer says:

    Not good enough!

    • 14
      Ed Millionaireband says:

      Iths the costh of wiving cwithis.

    • 81
      Mr Potato Head2 says:

      It is a sign of Tory failure. The left wing idea is to destroy the British economy and make us all poor in order to get more idiots to vote Labour.

  8. 13
    nell says:

    Ed Balls has taken to his bed for the day.

  9. 16
    fiddle de Dee says:

    so roll on higher interest rates and deflation and we can begin to face the real consequences of the bank disaster

    oi’m staying on benefits

    • 119
      FFS says:

      You can’t get deflation in an economy where the government is prepared to print more of its own currency.

      I do wish people would learn more about economics.

  10. 17
    Mrs Boggins says:

    I must protest about this post. “There” should be spelled “their”. As to the qualities you ascribe to the forum, my late husband found them rather appealing – indeed in his phase of mental confusion he sought kindred spirits in UKIP. Although I think he would have preferred them to wear uniforms.

    • 49
      Bilda Berger says:

      Madam, you have answered Mr Spittlefleck in the wrong place. Should have been up there. ^^

  11. 22
    Owen Jones says:

    We need a fair recovery. If the 50% tax rate would have raised £10bn since 2010, then a 99% tax rate would have raised £80bn. It’s simple ecomomics.

    • 44
      Ed Balls says:

      This little boy gets it!
      Why can’t the rest of you grasp the simplicity inherent in endogenous growth theory and pipsqueaking taxation ?

      • 121
        FFS says:

        Oh I don’t know Ed. It just sounds as if the message you are sending out is “If Labour get back in we’re going to put up taxes!”. Somehow that seems like you’re heading in the wrong direction.

    • 46
      Hollandé says:

      Do the numbers at 120%. It makes a compelling case allright.

    • 182
      Anonymous says:

      In that case, Tory plans to reduce the top rate of tax to 40% would mean a loss of ten billion pounds – all to be made by cuts in public services? Steal from the poor, give to the rich, Robbing Sods, Robbing Sods, Robbing Sods.

  12. 22
    Mike Hancock says:

    I’m all bound for Mu Mu Land.

  13. 24
    Gordo McMong says:

    I left them a golden legacy.

  14. 29
    Steve Jobs says:

    How do you like THEM apples.

  15. 34
    Chuka's in the Pink says:
    • 39
      Bull Shit Alert says:

      Err Chuks. It was temporary in 2010, how can it still be temporary 5 years later in 2015?

      You are full of Bull Shit.

      • 89
        Mr Potato Head2 says:

        He means ‘temporary’ before putting it up to 60% and then 70%, etc until there are nobody in any jobs.

        • 146
          non taxable pikey says:

          The jobs and the wealth creators will moved elsewhere, turning off the lights as they left.

          • non taxable pikey says:

            “will have”

          • Anonymous says:

            And how long will this old fear tactic continue to work? For if a number of greedy gits want to jump ship, or sell the country down the river – let them. Just make sure that they cannot profit from income produced by in Britain and by British workers?

    • 88
      Deficit says:

      The Instituted of Fiscal Studies says the tax increase won’t raise enough money.

      Labour’s numbers don’t add up.

      If this tax is supposed to help pay down the deficit then it won’t work and the deficit would go up with Labour.

      • 92
        Mr Potato Head2 says:

        HMRC revenues from top taxpayers:
        2011/12: £41.3bn (50% rate);
        2012/13: £41.6bn (50%);
        2013/14: £49.36bn (45%).

        • 124
          FFS says:

          There is a very simple reason for this. If you put a boundary at £150,000 then there will be a %age of people that are just above the boundary (the majority of the whole in fact, given that salaries are in a pyramid). You have now created a good reason for getting the whole taxable salary down below £150,000, perhaps by paying more into a pension fund or some such. At 5% more there is a good reason to get below the boundary, but at 10% more tax there becomes a very good reason for getting below the boundary.

          If people get themselves below that £150K boundary then they won’t pay ANY tax on that salary above the £150K, whereas with no boundary they would pay tax at 40% on everything above £150K.

          In other words, you would probably maximise your revenue by getting rid of the boundary completely.

          • Vlad the Loudhailer says:

            Do what Ken and the BBC left wing lovies do, form a company and pay the salary into that. Then follow what Tone and Gordon do, turn it into a quasi charity and live the high life. Be a socialist doesn’tean being poor, it just means making everyone else poor.

  16. 36
    Anonymous says:

    The Queen’s household is down to its last £1m in royal reserves, and needs to get a grip on slashing costs, increasing income and sort out a backlog of repairs.
    So says Margaret Hodge, the Public Accounts Committee’s chairman.
    Oh be carefull girl, you’ll end up in the Tower soon.

  17. 37
    .7% says:

    Oh, wow, GDP grew by….. a whole .7%

    Give the PM a bonus on his £142,000

    Of….. .7%

    I make that £994

    Less, say, 50% tax = £497

    Less inflation at c 7% = MINUS £,9940

    Prime Minister, you owe UK £8,946

    • 48
      Gordon says:

      Disgraceful only 0,7%.

      When I was the PM it was MINUS 7.2% growth.

    • 54
      Fuck the LibLabCon says:

      STFU the service sector grew yet again at the expense of all the rest and house prices are up up and away, we’re all rich again just like the good old days!

      What could possibly go wrong?

      • 71
        Prime Minister Ed Miliband says:

        Hello!

        • 152
          Anonymong says:

          Piss off numbnuts.

          And that goes double for the numpties on the opposite benches.

          #VoteNoneOfTheAbove

      • 72
        Bill Quango MP says:

        You knew it was going to be like this.
        The first plan of all the parties, post crash, was to get the banks up and running again.

        Despite the cost it was still much easier to rebuild a broken financial sector that supplied 10% of all taxation, than try and build a global powerhouse high tech industrial base from scratch.

        It’s the only way out of the hole. The difficulty will be having got out of the hole what choices for a future economy are viable.

        • 94
          Spartacus says:

          i have never understood why a private bank crisis is suddenly a national crisis that has to be paid for by me.

          and contrary to recent bbc propaganda, the last such banking crisis was in 1907 not 1913. the only losers then were the investors and such like.

        • 98
          Well said says:

          Very true Bill.

          But all UK governments now have the very real problem of bureaucrats in Brussels doing their best to destroy the UK’s best efforts to restore the economy and banks.

          Added to that, no one would think listening to either Labour or the BBC that the banks are absolutely essential to oiling the works and getting things moving again.

          • Political Elite says:

            Only essential if the Government make it impossible not to avoid banks. And to control what you do with your money down to less than 200 pounds.

            Try taking out six thousand pounds in cash out of HSBC bank for example.
            (to buy a second hand car). Good luck with that.

    • 130
      FFS says:

      0.7% FOR ONE QUARTER.

      That would be 2.8% for an annualised rate, which is some way above expectations for a developed economy.

      Furthermore, with the public sector shriking slightly, this means the private sector must be growing at about 4.2%.

      By the way, GDP is measured as real-terms growth (i.e. with inflation taken into account).

  18. 40
    Arnie Graf says:

    Oy Vey

  19. 45
    Persona non grata says:

    Well that’s the foreign aid budget paid for at least.

  20. 47
    Stick that in your pipe! says:

    The BBC News website has changed its headline. Before it was “UK GDP grows by 1.9% in 2013 – ONS”

    Now it says:

    UK economic growth best since 2007

    Still want to say BBC News never report positive news?

    • 57
      The Labour Party says:

      BBC News do as they’re told.

      • 64
        Stick that in your pipe! says:

        Umm…are you blind or delusional?

        • 76
          Fellow BBC Exec says:

          Are you salaried by the BBC or IR35 ?

          • Stick that in your pipe! says:

            Neither. I’m just amused that when there’s an example of the bbc covering a positive story, some of you still somehow manage to ignore it and repeat the paranoid mantra that they never cover anything positive.

            How does “UK economic growth best since 2007″ correspond with the response “BBC News do as they’re told by Labour?”

          • FFS says:

            Oh, wait just a minute. The last words are the ones that count.

            Labour will be trying to work out what negative spin they can put on this one. Once they have worked out what they are going to say then then BBC will give it prime-time, don’t you worry. The Beeb are just shills for Labour – they have to await instructions.

            Unless of course Labour realise there isn’t anything they can say, and just give up. There has to be a point when Labour realise they just can’t say anything credible. All the figures are good.

        • 154
          Dontvoteforanyofthem says:

          It does make a very rare change for the BBC to show a positive economic story, with very little downside. Congratulations for pointing it out. It does show how biased the BBC is, that it so rarely does so.

          last year an academic paper analysing the general weight of left vs right wing stories showed the BBC was 2/3rds left wing to 1/3rd right wing.

          So although you may be right that some people are incorrect in asserting that the BBC “never” cover good news stories from a right wing perspective, the BBC are still massively biased towards labour and the liberal left. You yourself have proved it by highlighting how rare such right wing supportive coverage actually is. IF the BBC were impartial, such coverage would not warrant a mention, as it would be common.

      • 185
        Anonymous says:

        Correction: BBC News do as they’re told – by the government.

    • 87
      the BBC is shitting itself in fear says:

      I’ve noticed the BBC have become more even-handed in the last few weeks.

      Labour victory looking less likely with each day. BBC’s charter up for renegotiation in 2016. BBC coincidentally tones-down the anti-Tory rhetoric.

      Coincidentally.

      • 100
        Georgie Osborne's Blue and White Army says:

        I thought it was official Conservative policy that the Charter would be left to expire in 2016.

        Have I understood correctly Mr Prime Minister?

        • 155
          Dontvoteforanyofthem says:

          I will vote for any party which pledges to scrap the BBC. It’s for the good of our nation’s children of course. I would shut it down entirely.

      • 135
        FFS says:

        Nah, they were bigging up Balls’ 50p tax hike.

        They are still shills for Labour. It’s just that Labour have nothing valid to say.

      • 187
        Anonymous says:

        So there you have it. The bully boy tactic is not to get rid of the BBC – but to keep them in line.

    • 99
      Anonymong says:

      Its a sham.

      ONS reports on GDP.

      GDP INCLUDES government “spending”.

      ONS is funded by taxpayers via the government.

      ONS knows which side its bread is buttered.

      Lies, damn lies, and statistics.

      • 127
        Fuck the LibLabCon says:

        Indeed and lets not forget consumers spending their savings, house price inflation and stagnant wage growth. Until they balance the books the GDP figures are somewhat unreliable as a true barometer of economic growth.

        • 140
          FFS says:

          By all means go back to the old ways of doing things – balance of trade and unemployment statistics. I agree these are better measures. But since both have improved over the same period then this backs up the GDP figures.

      • 137
        FFS says:

        Government spending is declining. So the growth has all come from the private sector – at about 4%p.a.

        The ONS was made independent of ministerial control in 2007.

        The ONS uses the same approach to making its measurements for each statistic, so whereas the absolute figures could be disputed, the trend in figures cannot.

        • 149
          Anonymong says:

          Hmmm, independent of miniserial control.

          What was that old saying… something to do with a piper and paying for the tune?

          “Control” is one thing, jumping through hoops to get paid is another.

  21. 59
    Bill Quango MP says:

    Have you noticed how Ed Balls resemble the Nowhere Man?

    And the song is a good fit too.

    He’s a real
    Nowhere Man.
    Living in his nowhere land.
    Making all his nowhere plans,
    For nobody.

  22. 63
    Ed Militwit, proved wrong on absolutely everything says:

    Too far, too fatht!
    Triple dip!
    Cotht of living cwithith!
    Mithter Spe’aker, he called them plebth!

  23. 66
    Pete Seeger RIP says:

  24. 74
    Georgie Osborne's Blue and White Army says:

    Cut the benefits budget by 50% this side of Easter.

    Then you will see some real economic growth.

  25. 84
    Persona non grata says:

    Look at this from Con home. Proof if any were needed that certain communities in Britain, now own the establishment, including the police.

    http://tinyurl.com/oqcawem

  26. 86
    White Dee & Black Dee says:

    FFS the growth is an illusion based on consumer spending of savings and house price inflation, what we need is the state nationalisation of all productivity and all property, you know it makes sense. Plus all benefits should be increased by 150%.
    Then you would have real growth.

  27. 106
    Mad Franky Hollande says:

    Bof.

    I have ze unemployment high score.

    Ed Boules is my friend.

    • 113
      White Dee & Black Dee says:

      M. Hollandaise you are correct, we need more immigrants to create wealth so that the benefit system can be enriched, more benefits, more growth.

      • 165
        an indignant little man in a crash helmet says:

        Would you like a long ride with a short man on a little scooter.

  28. 114
    Ed Miliband says:

    There ith a north/thouth crithith.

    • 120
      White Dee & Black Dee says:

      You total mong, just tell Ed Balls we need a bigger tax take to make sure the bennies keep coming, the cigs and drugs aren’t getting any cheaper.

  29. 157
    Will says:

    The benefits system was meant to be a safety net not a lifestyle choice. It’s the ordinary taxpayers paying taxes who have had to put up with pay freezes who are finally waking up and realising that the increases in council tax over the last 10 years have not meant better services just more highly paid staff doing the same job. Also that some individuals on benefits are prepared to just take from the system or expect large houses like mr philpott or then accidentally kill thier kiddies trying to get a larger house or thier hands on thier kids benefits.

  30. 158
    Frustrated says:

    It’s interesting to reflect on how different the BBC’s treatment of this would be if their party was currently in government.

  31. 175
    Anonymous says:

    The growth may be mediocre as it is, but to anyone working in industrial sectors at the moment there should be strong clues that there will be a huge surge in growth this year.

    Common measures of growth have a tendency to lag behind changes in industry by several months. What’s been happening recently is that many manufacturing companies have been stepping up their recruitment processes, increasing the number of employees on apprenticeships and training, and increasing the level of capitol expenditure. All this whilst order books have been filling at an increasing rate. The amount of industrial activity is already ballooning but it will be a little while yet until all the extra cash starts to filter down into the GDP.

  32. 176
    Anonymous says:

    While telling, the first comment seems a just little text rich – hopefully the following (cut-down) edit might be more to the point?

    Welcome to Order-order, a veritable cornucopia of xenophobic, non-empathetic sociopathic lunatics – who wish to reduce every aspect of humanity to mere units of production.

    Who despise ordinary people and see their only value as an entry in a profit and loss account – to be exploited by the human garbage, as well as the corporate fascism they serve.

    One only has to read the comments by Rightist shills posted daily on Guido’s blog to see the true face of their malignant, cancerous moral degeneracy. And yet they serve a real purpose – as a grotesque warning of how deformed one’s humanity can become.

    These neo-liberal whores are nothing more than errand boys sent by banksters and hedge fund managers to collect a bill that we’ve already paid in full.

    Long may they continue as a reminder of supreme idiocy and malevolence.


Seen Elsewhere

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
Another Spare Room Subsidy Cut Success | Harry Phibbs
Rich Now Have Less Leisure Than Poor | Economist
UKIP’s Immigration Policy Promotes Migrant Entrepreneurs | Breitbart
Another Feminist Lecture | Laura Perrins
UKIP Posters Bad Economics But Good Politics | James Delingpole
Tories Losing to UKIP in Scotland | ConHome


new-advert
Guido-hot-button (1) Guido-hot-button (1)


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.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads