April 29th, 2014

Q1 GDP +0.8%: Figures in Full

  • GDP increased by 0.8% in Q1 2014 compared with growth of 0.7% in Q4 2013.
  • Output increased in three of the four main industrial groupings within the economy in Q1 2014 compared with Q4 2013. In order of their contribution, output increased by 0.9% in services, 0.8% in production and 0.3% in construction. However, output decreased by 0.7% in agriculture.
  • In Q1 2014 GDP was estimated to be 0.6% below the peak in Q1 2008. From peak to trough in 2009, the economy shrank by 7.2%.
  • GDP was 3.1% higher in Q1 2014 compared with the same quarter a year ago.

The fifth consecutive period of growth. But still smaller than the pre-crash figure by 0.6%, nearly six years on…


121 Comments

  1. 1
    Max says:

    smaller than my shmekel

  2. 2
    Dave says:

    Noncing up 32.8% YoY!

  3. 3
    Winning for Britain says:

    George Osborne is winning for Britain

  4. 4
    The BBC says:

    Still 0.6% smaller than 2008
    Wrong type of growth
    #Costalivincrisis
    #Outoftouch
    Swingeing cuts
    Zero hours contracts

  5. 5
    Hozwoldian says:

    At least it’s going in the right direction with all of this austerity. We will never know if a Keynesian approach would have been any better, where are we compared to the US?

  6. 6
    Nigel Garage says:

    It would be 8% if we weren’t sewn together with the incompetent Nazi inhuman centipede that forms the EU BEAST.

  7. 7

    When the country is towing £1trillion in debt bequeathed by the omni-shambolic Brown/Blair Terror, to be within statistical error of the pre-Gordon’s Bust GDP is a notable feat.

  8. 8
    Donald Sterling says:

    no thanx to the fucking shwartzas!

  9. 9
    Dave says:

    I blame global warming

  10. 10
    Helicopter Money Man says:

    The agriculture figure is presumably due to the appalling weather in much of Q1.

    Good luck trying to spin anything negative out of this, Balls & co.

  11. 11

    Britain is winning for Britain – that and IDS ending the Shirkers Paradise created by 13 years of Labour chaos.

  12. 12
    Anonymous says:

    Expect the Ed’s will be crowing that the growth was less than expected 0.8 against the expected 0.9%.

  13. 13
    Rentboy says:

    sucking cock for Brazil?

  14. 14
    Mortgage borrowers have never had it so good. says:

    Good. Now raise interest rates and control this supply of easy money.

  15. 15
    Ed Balls says:

    Cost of living crisis?

  16. 16
    People's Front of Ukraine says:

    Was Agriculture affected by flooding? Or are the effects of the weather still to hit us?

  17. 17
    Ordinary Joe. says:

    Dave is still running a Deficit of circa £100 BILLION PER YEAR, after 4 years in Office.

    He will have doubled the National Debt bequeathed by Gorgon and Bollux.

    He is a classic Westminster elite ConLibLabber.

  18. 18

    Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast,Too Far Too Fast, Cost of living crisis, Cost of living crisis, Cost of living crisis, Cost of living crisisCost of living crisis, Cost of living crisis, Cost of living crisis, Cost of living crisis,Cost of living crisis, Cost of living crisis, Cost of living crisis, Cost of living crisisCost of living crisis, Cost of living crisis, Cost of living crisis, Cost of living crisis, BANKERS!!

  19. 19
    BBC News-Editor says:

    Good point. We’ll include it in our Food and Farming Awards 2014.

  20. 20
    Ukranians People's Front says:

    Don’t forget revisions…

  21. 21
    BBC/Met Office says:

    Wall to wall sunshine for the next 350 years!

  22. 22
    Bust to Boom says:

    Money is too cheap, much too cheap. Rates have to rise, rates should be increased now, but will Osborne put prudence before an election.

  23. 23
    BBC/Met Office says:

    today? haven’t got a fucking scooby.

  24. 24
    Helicopter Money Man says:

    Cost of Ed M living crisis I presume you mean?

  25. 25
    Prudence says:

    will he put boys before me?

  26. 26
    Casual Observer 2 says:

    Meanwhile Macho Tosser Willybum has sent 4 Typhoons to Lithuania. Vladimir continues to ignore the pathetic posing pretend international statesman as usual.

  27. 27
    England's black fields. says:

    Have you visited the boonies lately? It’s not water that is flooding food producing fields, it’s subsidised solar panels that require no planning permission as long as you include a token goat.

  28. 28
    táxpáyér says:

    BBC’s first two things.
    1/ Get Ed Balls on and give him a soft ride.
    2/ “Are these figures reliable?”

    End the TV-Tax.

  29. 29
    Mortgage owner, victim of Gordon Brown's shite govt says:

    F*ck off

  30. 30
    táxpáyér says:

    There’s ZERO austerity.
    Borrowing is still 100 Billion per year!

  31. 31
    táxpáyér says:

    We are using the Keynesian approach you imbecile.

  32. 32
    táxpáyér says:

    Still renting off the bank I see.

  33. 33
    dai puzzled says:

    money too cheap but sterling is too strong – square that circle anyone?

  34. 34
    And now says:

    Most of the ex seekers are now queueing up to push leaflets through my door

  35. 35
    Herman Van Rumpouy says:

    Now that you Britishers haf the good GDP figures you can pay more to our pro-ject

  36. 36
    Dave says:

    Buy Yuan

  37. 37
    Gordon says:

    Buy gold

  38. 38
    táxpáyér says:

    EU doing it’s best to destroy any economic growth, revealing Dave can do NOTHING.

    http://uk.reuters.com/article/2014/04/25/uk-eu-courts-britain-idUKBREA3O02020140425

  39. 39
    Dorkass says:

    Tractors doing well tho.

  40. 40
    Putin says:

    Everyone else does.

  41. 41
    Ah! ha says:

    Well SC he’s certainly no Beckham

  42. 42
  43. 43
    Anonymous says:

    “The fifth consecutive period of growth”
    in engineered answers. Would Gove be considered rational, or to be taking the Michael, if he demanded that homework be handed in with just the bottom line of each sum showing? Unless the full workings are open to complete scrutiny, it’s more a matter of magic than real math.

  44. 44
    Axe the Telly Tax says:

    3/ Run around desperately trying to find someone who says they aren’t benefiting from the recovery, in the name of “balanced reporting”

    Funny that when the economic news is bad, the BBC never try to find someone who disagrees with that.

  45. 45
    Leadership 101 says:

    Dave can leave the EU. He can hold a referendum next week, advise the public that it is time to go and the public will support him.

  46. 46
    Invisible Ed Balls says:

  47. 47
    non taxable pikey says:

    Just where are the error bars on these statistics? +/-? 0.1%, 0.5%, 0.8%? There has to be some statistical error, I just wonder what it is.

  48. 48
    An on says:

    Any ethnicity clue on the Lee’ds b o y

  49. 49
    non taxable pikey says:

    He’s probably more into muffin the mule.

  50. 50
    Colin the Meek says:

    See also any mention of “bedroom tax” or benefits cap.

  51. 51
    Insomniacs International says:

    Useful to us.

    Has he condemned anything today yet?

  52. 52
    Colin the Meek says:

    Happily, I’ve just had a UKIP leaflet through the door.

  53. 53
    Never mind the quality, feel the width says:

  54. 54
    Bill Quango MP says:

    In the Great Depression there were different approaches to the crisis.

    The Americans went for never government spending on public works. It was a successful , if very wasteful method of reducing unemployment. And they shored up their banks, which stopped the financial crisis.

    The British opted for austerity. A cut back on all forms of government investment and spending. It meant the crash was the shortest of the major powers but the growth was a slow 0.5% for years.

    The French opted for increased wages, longer holidays and nationalisation of key industries. Plus increased benefits and pensions for all.

    The Germans increased their industrial output and ploughed their money into full employment and a large military.

    The soviets had already nationalised everything so they went for forced collectivisation , industrial base expansion and genocide

    Which was the best strategy?

    Hard to say as world war 2 arrived and spoiled the experiment.
    But the French were definitely the worst off. A longer, deeper recession and productivity so low that when the Germans turned up they beat the crap out of them.

  55. 55
    Colin the Meek says:

    We must continue to fund India’s space programme. And Mr Mugabe needs a new S-Class.

  56. 56
    Insomniacs International says:

    Stop press: rain falls from sky

  57. 57
    Diane Abbotomus says:

    Bet he was a snowflake.

  58. 58
    Taxpayer funding this crap says:

    The figures are manipulated bollux as usual. An expensive complete waste of money to provide propaganda for whatever load of LibLabConner shits that happen to be in “power” at the time.

  59. 59
    EU zone "B" pleb 252575 says:

    …Yeah,but,…we are a rich country;look at how much we give to the foreign people,andwe give more to more foreign people under the illusion of the EU…
    …Here at home,we give lots of money to……you guessed it!…foreign people!
    Meanwhile, our own people are treated like second class citizens in their own country,unable to get housing,schooling and nhs services because of the burden of ……foreign people!
    As for Capitalism,it is not backed up by anything tangible anymore,just myth!
    Charity begins at home,re instate the status of the individual,not groups!

  60. 60
    non taxable pikey says:

    Innumeracy rules! The government scum of whatever colour depends upon the electorate being innumerate.

  61. 61
    Insomniacs International says:

    And £80m pa for another seventeen years to the plf.

  62. 62
    Casual Observer 2 says:

    Probably an effnic, otherwise the Beeb would have given full details by now.

  63. 63
    Anonymous says:

    WWWAAAAAAssssccccciiiiisttttt!

  64. 64
    Never mind the quality, feel the width says:

    He was at a Catholic school…

  65. 65
    Colin the Meek says:

    To be fair, I’m not sure the average Russian came out of that too well.

  66. 66
    @hateliebour says:

    They seem to be quiet on food prices in the supermarkets which are shooting up like a rocket, the tricks that seem to be going on to give the impression your just getting the same amount as last year, Olive oil has shot up and 1litre bottle is down to 750ml, soup yellow band around 380g against 400g which has just shot up between 20p to 40p, all we get as usual things are getting better of course they are we are a month and a year away from two elections where us crap are allowed to pretend we are changing and helping our future, while the real thieves sit back and enjoy themselves.

  67. 67
    Invisible Ed Balls and Absent Gordon Brown says:

  68. 68
    Casual Observer 2 says:

    Dave has put out the standard caring “thoughts with family and friends” statement already – or at least some No.10 clone has on his behalf.

    Has Pop Eye in the Vaticanner done the same yet?

  69. 69
    Insomniacs International says:

    With a lot of sun tans judged by pics so far, so…..?

  70. 70
    JH293275709234-027 says:

    You said all that without mentioning that UKIP are WACIST.

  71. 71
    Never mind the quality, feel the width says:

    Soup Yellow Band? is he a relative of Ed’s?

  72. 72
    Asterix says:

    By the end of the war the French had higher living standards than Britain or Germany and ended up pretending to have been on the winning side.

  73. 73
    David Blanchflower says:

    ” 3/ Run around desperately trying to find someone who says they aren’t benefiting from the recovery, in the name of “balanced reporting” ”

    I’m free!

  74. 74
    Heston Blumental says:

    WTF is ‘soup yellow band’?

  75. 75
    Primrose Hill Socialist says:

    My Pesto and Focaccia is a shocking price in Waitrose, I can barely afford a bottle of Cabernet Sauvignon to wash it down with

  76. 76
    Ah! but says:

    My heart also goes out to the parents of the lad who did it.

    Imagine what they are going through.

  77. 77
    Colin the Meek says:

    “Euracist” too. Is that worse? Can’t keep up with the ism rankings.

  78. 78
    Diane Abbotomus says:

    Communism was a success. It still is. Just look at Cuba and Venezuela. Socialist paradises both.
    Pie and chips in Caracas or Havana is only .48p

  79. 79
    Danny Blanchflower says:

  80. 80
    Danny Blanchflower says:

  81. 81
    SIZE 14 CARBON FOOTPRINT says:

    If he does turn out to be white the BBC will be all over it ,IF on the other hand his name is withheld for legal reasons……………….
    If he is West Indian with an anglo scottish name he will of course be named but no photograph published .

  82. 82
    An on again says:

    They will need to share responsibility so save your heart.

  83. 83
    Danny Blanchflower says:

  84. 84
    dai salivating says:

    how does one do that?

  85. 85
    SIZE 14 CARBON FOOTPRINT says:

    Impoverished c-nt.

  86. 86
    jgm2 says:

    Rot in hell, jackass.

  87. 87
    Prime Minister David Cameron says:

    Let’s show solidarity with our striking comrades please.

    A 48-hour strike will affect London Underground services from around 21:30 on Monday 28 and throughout Tuesday 29 & Wednesday 30 April

  88. 88
    Casual Observer 2 says:

    Why? They brought him into the world. Lad is too polite. Try “Murderer”

  89. 89
    Quiet Bat Person says:

    GDP is a crap way of measuring a nation’s performance (though it is hard to find a better measure).

    For example, inflation increases GDP, as does wasteful government spending.

  90. 90
    Git anes says:

    Oui, mon ami et d’accord we are still winning you but pretend we are not so we get your farm subs. Hey hey.

  91. 91
    jgm2 says:

    What a stroke of great good fortune that of all the economists world wide Labour chose this guy to be on the ‘independent’ MPC.

    It totally dispels any suspicion that Labour had an MPC policy in mind (borrow and squander as much as possible and keep interest rates as low as possible) and then searched the globe to find somebody who agreed with it rather than having an MPC, filling it with independent economists, and then following their advice.

    No, really.

  92. 92
    Git anes says:

    This is typical. Mock grief for the wrong people. This lady had worked forty years and was to retire in a few weeks. Admiral endeavour in a difficult job which most on here couldn’t do in a month of Sundays. This is so tragic for HER family.

    Today, some people pump their seed and that’s it. No further effort required, we will pay for everything, we even feed them now. Stop child benefit immediately.

  93. 93
    Labour are the nasty party says:

    How can Cameron hold a referendum before the General Election ?
    Clegg and Miliband would never support such a motion .
    So Cameron has to wait until after 2015 and hope that he gets a majority .

  94. 94
    Yellow is colour is of the Euro losers says:

    If you go to a poundshop, they sell the stuff cheap, it’s a tin of soup with a yellow band around the top, if their’s no yellow band, the tin weighs 400g, if it has a yellow band it weighs 380g, same soup different weight, I suppose having so much money being on tv , you would just go to one of your restaurants and eat the best for free.

  95. 95
    Anonymous says:

    Buy baked beans and bottles water.

  96. 96
    Invisible Ed Balls and Absent Gordon Brown says:

  97. 97
    Quaf quaf says:

    Tuscan red

  98. 98
    Jim says:

    It just shows how bad things were with Brown/Balls and Ed. Everyone knows you have to stop the increase before you can come to halt and go into reverse. (Except the BBC)

  99. 99
    Twampersand mk II says:

    If he announced his intention to hold one before the next GE, and lib/labs stopped it, he would win a landslide at the next GE by promising one in the first month of a majority tory gov. Kill UKIP stone dead.

    I think most would agree with that view, and knowing what a careerist, opportunist chancer Cam, indeed all pols, are, knowing they would sell their granny in exchange for power/cash, one must ask why they won’t do it.

    Someone, somewhere, has something very, very incriminating against some of the top people in this country

  100. 100
    jgm2 says:

    If by ‘best’ you mean serving raw shellfish and getting ill from novovirus then yes, he can eat the best for free.

  101. 101
    jgm2 says:

    Non existent statistical and forecasting skills?

    Ahahahahahaha.

    This from a man who provided ‘expert’ cover while the Maximum Imbecile was actively destroying the UK economy with his borrowing and squandering binge.

    Get to fuck Blanchflower, you jackass.

  102. 102
    Heston Blumental says:

    Thanks. I have never noticed that.

  103. 103
    An on says:

    But do you have a subsidised supply of bullet vests from ‘ackney please?

  104. 104
    Twampersand mk II says:

    Rejoice citizen, your chocolate ration has increased!

  105. 105
    Colin the Meek says:

    Perhaps we should stop “importing more people from crisis-hit southern Europe into low-paying jobs blah, blah, blah”.

    Cretin.

  106. 106
    The EU says:

    Attack Russia! Instant Sunshine!

  107. 107
    Twampersand mk II says:

    White.

  108. 108
    Twampersand mk II says:

    Nor the mice in your kitchens.

  109. 109
    Anonymous says:

    Why “happily” ? are you thick or something ?

  110. 110
    Tonyh says:

    Wait for the Balls preaching doom again. He has nowhere to go now

  111. 111
    The ace of clubs says:

    Being at a catholic school offers no clue. Just look at all those ultra suntanned footballers who do the {check your} heart, wallet, kissy, pointy thing as they come on to a field.

  112. 112
    UKIP the final solution says:

    And the liberal regime only had to borrow a shade over ten billion pounds a month to achieve this.

    Wow, tick and a star to the liberal regime.

    Trillions in debt, unlimited immigration many of whom will never put in what they plan to take out of the system and the country, squandering of tens of billions a month on the EU/foreign aid/quango/HS2/global warming frauds. Borrowing your way out of debt is like digging your way out of a hole, at some point the entire thing will collapse in on itself.

    The country is mired in debt and the liberal solution is to drown us in more debt? Vote UKIP.

  113. 113
    Freight train says:

    Great encouragement for the management to rapidly introduce dri…oops… operator free trains then.

  114. 114
    UKIP the final solution says:

    The crappy eurofighters wont have any weapons, they cannot dogfight with SU 30s/MIG 29s and they would get shot down in about five minutes of a conflict, about as much use as a chocolate fire guard. Still they are reasonably good at doing air shows, they should have sent the red arrows and entertained the Russians to death.

  115. 115
    Corby says:

    The pe bust growth figures were unsustainable.

    The UK can manage about 2.5% pa, and that will do very nicely thank you.

  116. 116
    United And Fascist says:

    “Happily” because it’s a reminder that you are going to be crying your eyes out and whining even louder after 22 May :-)

  117. 117
    Long John Silver's parrot says:

    This news is terrific.

    When do we all get our tax cuts and when does Mr Carney go back to Canada ?

  118. 118
    Lost in Clacton says:

    What is this I hear about young Cameron telling everyone he will resign if he does not get what he wants.

  119. 119
    Dave will not take UK out of EU says:

    You just don’t get it.

    Dave will organise a Yes vote.

  120. 120
    road to serfdom says:

    i’d rather an economic crash so I’ll vote labour. a bouyant economy just attracts workers who make house prices unaffordable. give me poor but happy any day

  121. 121
    Economic Time Bomb says:

    GDP now means “Generally Denotes Poorer”.

    If all your economy relies on importing oligarchs to inflate your housing markets, on unprecedented population growth, on allowing in hundreds of thousands of poor and low skilled workers who soon become welfare dependent once they have families and on massive capital schemes like HS2 and Heathrow expansion, the average family is NOT going to enjoy increased disposable income. In fact they will experience decreased disposable income as government cuts back on universal benefits, switches more financial burdens to the citizen from government and increases various hidden taxes.

    What have we ended up with? Incredibly, despite the vast increase in output since the 1960s we’ve ended up with a situation where our children cannot afford to start a family or buy their own home, cannot
    find decently paid work and suffer reduced public services.

    We should reconfigure the economy to focus on real jobs, economic security, and stable family life.

    We need to promote energy indepedence, environmental improvements, expanded agriculture, optimal population stability, reduced working hours, recyling and reconditioning, indigenous materials, robotics and advanced technology.


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