GDP Growth At Last! ‘I’m Not Buying It’ Says Punter

GDP Cartoon Adams Tgraph 25 July 2013

GDP Adams Telegraph 25 July 2013.

Clear Evidence the Recovery is Gathering Steam?????

‘Like a hungry man presented with a Big Mac, Britain has been starved of real growth for so long there is a danger we might lose perspective today. Second quarter expansion of 0.6pc is mildly satisfying, but it hardly fills the hole.

Bryon Burger Gloucestor Road

Osborne’s ‘Big Bucks Burger’ – The Bryon – with ‘Housing Bubble and Squeak on the side..  That ‘second quarter‘ pounder.

The economy is still 3.3pc smaller than its peak level before the recessionfive years on. The recovery is still the slowest in over a hundred years – even worse than in the Great Depression. And, worst of all, Britain is still growing more slowly than its potential.

George Osborne has studiously avoided declaring he’s seen any “green shoots” and he’s likely to continue being careful for some time yet. Unless the second quarter’s respectable growth rate is at least matched in the final two quarters of the year, he won’t be able to call it a real recovery – one where Britain actually starts to make up the lost ground.

The UK may eventually get back to its 2007 peak, but if annual growth is below 2pc – the estimated trend rate – the country will be wasting its resources and condemning a larger proportion of the workforce to the dole than necessary.’

Budget 2013

‘Cooking With Gideon Series II’ – available at selected outlets –

Gideon in his second series, ‘Cooking the Books,’ shows how to make a little growth go an awful long way.  I just love his recipe for ‘Housing HotPot’.  This dish is very popular with Buy-to-Let Landlords and with overseas diners who have been queueing outside that chic eatery ‘Osborne’s of St James’ for second helpings of the stuff..

Chris Leslie, the shadow financial secretary to the Treasury, said: “City forecasters are expecting growth of up to 0.8% this quarter and, after three years of flatlining, it’s about time we had some growth in our economy.’

UK Column GDP

UK Column not buying it.

More from Mike Robinson at UK Column 25 July 2013.

Financial Times not buying it either.  However BBC is BUYING.  Buy Buy Buy.  Oh shutup BBC.

Thanks to NLAT for the Shout Out.

This entry was posted in Anti Cuts Movement, Austerity Kills, Banksters, Bilderbergers, Bloggers Having Their Say, Bradbury Pound, Bring Back the Bradbury, British Constitution Group, Bullingdon Bureaucrats, Conservative Party, David Cameron, Economy Train Wreck, FibDems, Greenback and Bradbury Pound - Sovereign Nation issues own currency, How to Identify Tories, Independent Media, Justice4Jobseekers Facebook, Labour Party, Men of Non-Business, Money Matters, NLAT, Osborneomics, People's Assembly, Spin Spin Spin, The 'Quisling Plan For Change', The Importance of Being Awkward - Tam Dalyell, Tories Shafting Business Right and Left, Tory Party 2015 General Election Team, UK Column, Various Suspicious Operations, Watford Coalition of Resistance and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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