by MungoBrush » Fri Apr 13, 2018 6:44 pm
Rolluplostinspace wrote:MungoBrush wrote:Cannydc wrote:Austerity was proven to be the wrong policy.
Osborne was left with improving, healthy growth of 3% in 2010.
The US eschewed austerity, on the advice of Gordon Brown, and it worked spectacularly.
Meanwhile, Osborne killed confidence in the UK economy stone dead for years and years.
Austerity was a disaster.
You know that so-called growth? It was a fiction
That's like someone who has lost their job, taking cash out on their credit card to buy groceries and saying that losing their job hasn't affected their lifestyle.
Complete fantasy
The growth was very rel according to the CBI.
You mean this growth?
Sat 25 Jul 2009 02.06 BST
UK GDP falls faster than expected
The chancellor's
forecasts for economic growth were blown out of the water official figures revealed Britain's economy contracted by a record 5.6% over the last year as output fell for a fifth straight quarter.
Dashing hopes that the steepest decline in growth since the 1930s might be nearing an end, the Office for National Statistics said gross domestic product – the total value of goods and services in the economy – fell by 0.8% in the three months to June. The size of the drop surprised the City, which had expected only a 0.3% decline following recent signs of a pickup in the housing market and strong growth in high street spending.
https://www.theguardian.com/business/20 ... ecord-fall[quote="Rolluplostinspace"][quote="MungoBrush"][quote="Cannydc"]Austerity was proven to be the wrong policy.
Osborne was left with improving, healthy growth of 3% in 2010.
The US eschewed austerity, on the advice of Gordon Brown, and it worked spectacularly.
Meanwhile, Osborne killed confidence in the UK economy stone dead for years and years.
Austerity was a disaster.[/quote]
You know that so-called growth? It was a fiction
That's like someone who has lost their job, taking cash out on their credit card to buy groceries and saying that losing their job hasn't affected their lifestyle.
Complete fantasy[/quote]
The growth was very rel according to the CBI.[/quote]
You mean this growth?
Sat 25 Jul 2009 02.06 BST
UK GDP falls faster than expected
The chancellor's [b]forecasts for economic growth were blown out of the water [/b]official figures revealed Britain's economy contracted by a record 5.6% over the last year as output fell for a fifth straight quarter.
Dashing hopes that the steepest decline in growth since the 1930s might be nearing an end, the Office for National Statistics said gross domestic product – the total value of goods and services in the economy – fell by 0.8% in the three months to June. The size of the drop surprised the City, which had expected only a 0.3% decline following recent signs of a pickup in the housing market and strong growth in high street spending.
https://www.theguardian.com/business/2009/jul/24/uk-gdp-record-fall
