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Sun Jan 13, 2013, 05:37 AM

 

Triple-dip recession in britain?

"Horrible" setbacks for Britain's builders and manufacturers shook the City yesterday as a leading forecaster's warning of a winter slump heightened fears of a triple-dip recession.

Manufacturing output slipped by 0.3 per cent in November, confounding hopes of a 0.5 per cent bounceback from a dreadful October, the Office for National Statistics said. Construction firms saw output fall 3.4 per cent.

The National Institute for Economic and Social Research (NIESR) warned of a 0.3 per cent dip for the wider economy between October and December.

Although NIESR believes underlying growth is flat, a negative result would mean the economy has shrunk for four of the last five quarters.

http://www.independent.co.uk/news/business/news/tripledip-looms-for-uk-after-horrible-setbacks-8448808.html

6 replies, 504 views

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Reply Triple-dip recession in britain? (Original post)
HiPointDem Jan 2013 OP
xchrom Jan 2013 #1
Downwinder Jan 2013 #2
n2doc Jan 2013 #3
Londoncalling Jan 2013 #4
pink-o Jan 2013 #5
jwirr Jan 2013 #6

Response to HiPointDem (Original post)

Sun Jan 13, 2013, 06:18 AM

1. it looks more like it than not. nt

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Response to HiPointDem (Original post)

Sun Jan 13, 2013, 08:37 AM

2. Who would have thought that would happen?

Well, other than the Geeks, Spanish, Portuguese, and Irish.

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Response to HiPointDem (Original post)

Sun Jan 13, 2013, 10:24 AM

3. Will the British people wise up and toss the conservatives out?

Austerians need to go.

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Response to n2doc (Reply #3)

Sun Jan 13, 2013, 10:28 AM

4. We have to wait until 2015

This is going to be tough year as it is in the UK....The Conservatives are hated and losing to UKIP which is
becoming more and more like the Tea Party.

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Response to Londoncalling (Reply #4)

Sun Jan 13, 2013, 10:43 AM

5. What a bloody shame. I lived in London pre-Thatcher

And it was easy for a young girl to make a living wage and have a good life. My flat in Marleybone was 35 a month! Nowadays it costs that much for a quarter of an hour.

I truly believe Thatcher ruined my beloved Britain. Just like Nixon and Reagan destroyed us here. We've been trying to recover from their policies for the last 3 decades.

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Response to HiPointDem (Original post)

Sun Jan 13, 2013, 11:58 AM

6. Austerity is the name of the game and it always fails.

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