Originally Posted by cmonstanley (Post 980555)

the revision of uk economy figures doesnt look good but their is one bright spot ;) investment could this be private firms paying into the tory party:D or the nhs to treble their money:( UK economic growth revised down to 0.3% contraction

UK GDP growth, quarter on previous quarter
%
Source: ONS
-0.3%
1990
1995
2000
2005
2010
-3.0
-2.5
-2.0
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5

UK Economy

The UK's economic growth for the last three months of 2011 has been revised down to a contraction of 0.3%.

The first two estimates of gross domestic product (GDP) from the Office for National Statistics (ONS) showed a contraction of 0.2%.

The ONS blamed the revision on the transport and communications and business services and finance sectors.

The annual figure for 2011 growth has also been revised down to 0.7% from 0.8%.

There was also a revision to the GDP figure for the three months from April to June 2011, which was revised from no change to a 0.1% contraction, meaning that the economy has been alternating between growth and contraction in successive quarters since the middle of 2010.

Analysts expect that trend to continue, meaning that the economy will have grown in the first three months of 2012, and that once again there will not have been a technical return to recession.


Will Hedden, IG Index: Companies are "sitting on their hands which stifles growth"
Bank of England governor Sir Mervyn King has predicted that the economy will continue to zig-zag between growth and contraction this year.

The pound fell to a two-week low against the US dollar of $1.5904 after the release of the data.

"What does it mean? Probably not a lot. But it kind of makes the starting point for 2012 that little bit more difficult," said Peter Dixon at Commerzbank.

"To some extent where you start determines your average outcome for the year, [so] it just makes the hill a little bit steeper in order to reach the Office for Budget Responsibility's 0.8% growth target."

But the data from the ONS was not all revised downwards.

"The one bright spot in the numbers is the investment figures have been revised up and that was a particularly shocking weakness in the original estimates, so I'm pleased to see that," said Brian Hilliard at Societe Generale.

The ONS also said real household disposable income had fallen by 1.2% the biggest since 1977.

Originally Posted by cmonstanley (Post 980605)

who cares its the information that counts.its from the bbc:p not badminton is it;)

Originally Posted by Less (Post 980502)

Oh, sorry misread it, thought you'd said patsy, was going to congratulate you on your new job working for the Tories.

Originally Posted by Less (Post 980609)

It's only information if it can be varified, please don't neglect adding your link in future, it's the only thing you're good at.

Originally Posted by cmonstanley (Post 980549)

this is how much the tories have received since cameron came to power The Green Benches: Cameron's Tories have received £159,484,285.40 in donations since he became leader. yes thats true.

Originally Posted by Neil (Post 980558)

You should have a look at how much debt some of the political parties are in while your at it then decide which is fit to run the finances of our country

Originally Posted by Margaret Pilkington (Post 980615)

I'm with Less here..........and besides isn't the BBC considered a bit biased these days?......it isn't the impartial agent that it used to be.

Originally Posted by garinda (Post 980684)

'...figures show that since 2001, Labour have taken over £10 million from eight reportedly ‘non-dom’ donors.'

Iain Dale's Diary: Donations From Non Doms: Labour's Hypocrisy

Originally Posted by cmonstanley (Post 980744)

10 million compared to 179 million:D

Originally Posted by ToffeeGuy (Post 980807)

After days of bad headlines about Tory funding suddenly Cameron and Maude contrive a fuel panic. Headlines gone. Co-incidence?