As the recession just about finishes, readers raise issues on unemployment, ITV’s latest appointment and Davos discussions, as opposed to glasses of bubblyPut down that champagne flute, because it isn’t over yet, came the almost unanimous view of bloggers this week.”Well, break out the Tesco value cider,” was the best VincentBlackShadow could offer on hearing [...]
Labour accused Tory leader of betraying families after he warned of ‘Greek-style interest rates’ unless the deficit is tackled this yearDavid Cameron indicated yesterday that – if elected – he would press ahead with plans to start cutting Britain’s £178bn fiscal deficit this year even if the economy dips back into recession.Labour accused the Tory [...]
All developed economies are in deep trouble but bond traders don’t boycott countries, they just demand a higher interest rateOne of the world’s most influential bond traders, Bill Gross, says Britain’s growing debt mountain has left the economy lying “on a bed of nitroglycerine”. The economist Nouriel Roubini, known as Dr Doom, argues we should [...]
Heather Stewart, Observer economics editor, says the UK’s marginal return to growth in the economy is not impressiveHeather Stewart
The UK has left recession because the government took the “right decisions” on the economy, Chancellor Alistair Darling insists.
So, it’s official. The slump is no more. But the chancellor’s boast yesterday that the UK was “back on the path to growth” was backed up by an achievement as thin as a statistical Rizla. National income figures for the last quarter of 2009 recorded a squeak of a recovery, expansion of just 0.1%. Ministers [...]
• Interactive: The road to recovery• Vote: how long will recovery take?• Recession quiz: test your knowledge• Reaction: what the experts sayBritain’s economy finally clawed its way out of its deepest recession since the 1930s in the fourth quarter of 2009, but it only managed to expand by a much weaker-than-expected 0.1%.The keenly awaited figure [...]
Heather Stewart reported from the Office for National Statistics HQ in London as figures revealed that Britain has left recession10.38am: Right, I’ve had my chat with Joe Grice, the ONS’s chief economist. Main point of interest was that he pointed out that the picture seems to be “uniform,” across much of the economy; which gives [...]
Gross Domestic Product is the output of Britain. Find out how this recession compares to the others• Get the dataBritain’s economy finally clawed its way out of its deepest recession since the 1930s in the fourth quarter of last year, growing by a sickly 0.1% compared to the previous quarter, official data showed today.The figures [...]
Despite expectation of good news Labour fears economy may slip back again by the time of a May general electionBritain’s 18-month recession is expected to be declared officially over today. But cabinet members privately fear a disastrous rebound with the economy shrinking in the first quarter of this year – figures that would be published [...]