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UK Back in Recession

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jmo On April 29, 2021
Beruset af Julebryg





Yorkshire, United Kingdom
#1New Post! Apr 26, 2012 @ 11:43:46
The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.

A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said.

https://www.bbc.co.uk/news/business-17836624

Labour blaming the Tories economic policy, Tories saying they are doing what's best for the country.
sister_of_mercy On March 11, 2015




London, United Kingdom
#2New Post! Apr 26, 2012 @ 11:56:08
I read somewhere that the whole 'accidental' fuel crisis was a last ditch attempt by the government to stop us going back into recession. Not sure how true that is but if so it's actually quite clever. Shame it wasn't enough.

Bit worried about it all at the moment though, both my parents' jobs have been affected by redundancies and cutbacks due to the recession. Hope it doesn't get much worse.
jmo On April 29, 2021
Beruset af Julebryg





Yorkshire, United Kingdom
#3New Post! Apr 26, 2012 @ 12:01:44
@sister_of_mercy Said

I read somewhere that the whole 'accidental' fuel crisis was a last ditch attempt by the government to stop us going back into recession. Not sure how true that is but if so it's actually quite clever. Shame it wasn't enough.

Bit worried about it all at the moment though, both my parents' jobs have been affected by redundancies and cutbacks due to the recession. Hope it doesn't get much worse.



The concern I have is the government seem to want to create a large private sector to replace the public sector and are using the economy as an excuse to do this, but if anything it is making things worse.
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