Q3 Advance GDP plumments - we must stop the cuts

[NoelWatson]

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

[Fittster]

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Edited by Fittster on Tuesday 26th October 09:44

[NoelWatson]

Fittster said:

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

Edited by Fittster on Tuesday 26th October 09:44

I'm hoping people can see through that

GDP = private consumption + gross investment + government spending + (exports − imports), or

[JagLover]

Fittster said:

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Actually, I believe £6bn of cuts have already taken place in the emergency budget after the election.

[Fittster]

JagLover said:

Fittster said:

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Actually, I believe £6bn of cuts have already taken place in the emergency budget after the election.

Hmm, can't find any evidence of that. Nearest I can find is:

"* From next year - with the exception of the state pension and pension credit -benefits, tax credits and public service pensions will rise in line with consumer prices rather than retail prices, saving over £6 billion a year by the end of the Parliament."

source

[JagLover]

Fittster said:

JagLover said:

Fittster said:

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Actually, I believe £6bn of cuts have already taken place in the emergency budget after the election.

Hmm, can't find any evidence of that. Nearest I can find is:

"* From next year - with the exception of the state pension and pension credit -benefits, tax credits and public service pensions will rise in line with consumer prices rather than retail prices, saving over £6 billion a year by the end of the Parliament."

source

source

[oyster]

Fittster said:

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Edited by Fittster on Tuesday 26th October 09:44

Errr. What about the fear factor that has supposedly damaged consumer confidence in the past few months?

[RYH64E]

I think that sentiment is going to be the biggest factor determining whether the economy continues to grow or contract, and all of the negative press reports don't help improve sentiment. A bit of good news today (and the pound has strengethened which always cheers me up), let's hope there is more to come.

[Fittster]

oyster said:

Fittster said:

NoelWatson said:

Oh wait, it actually rose .8% on the quarter, against expectations of .4%. What will Labour bleat about in PMQ now?

As no cuts have actually been implemented yet doesn't this actually prove that Gordon Browns' spending splurge was the right thing to do?

The coalition haven't actually done anything yet.

Edited by Fittster on Tuesday 26th October 09:44

Errr. What about the fear factor that has supposedly damaged consumer confidence in the past few months?

Can't see how that has anything to do with the coalition. Labour was planning bigger cuts than the coalition so any fear factor should be unaffected by the change in government.

It's rather simplistic to think that all good news since the election is down to Dave and any bad news is the fault of the last lot.

[Eric Mc]

Confidence drives an economy more than any other factor.

So, it depends on who's policies returns confidence.

I doubt if Labour could have - especially with Mr Brown at the helm.

Edited by Eric Mc on Tuesday 26th October 14:00