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Shock news: UK recession deepens after 0.7% fall in GDP

 
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ColinB
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PostPosted: Wed Jul 25, 2012 9:33 pm    Post subject: Shock news: UK recession deepens after 0.7% fall in GDP Reply with quote

Apparently, senior government ministers and leading economists were surprised by the worse-than-expected figures. Not only that, but Chancellor George (Is it time for me to start wearing long trousers?) Osborne has said that the country faced "big challenges".

Yes, Georgie Boy. It does. But you have an ever bigger challenge in keeping your job, matey.

Quite why this is all a surprise is anybody's guess; ask any small or medium-sized business owner about the state of the economy and the answer will be staring you in the face!

More: http://www.bbc.co.uk/news/business-18977084
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ruddlescat



Joined: 16 Sep 2010
Posts: 18010
Location: Near Chester

PostPosted: Wed Jul 25, 2012 9:40 pm    Post subject: Reply with quote

Apparently some people in the Lib Dems are pressing for Vince Cable to be given the job

Whilst I can't see it happening I do think he has the credentials to stake a serious claim if things get even worse than they are already Smile
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ColinB
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PostPosted: Wed Jul 25, 2012 9:43 pm    Post subject: Reply with quote

ruddlescat wrote:
Apparently some people in the Lib Dems are pressing for Vince Cable to be given the job

Whilst I can't see it happening I do think he has the credentials to stake a serious claim if things get even worse than they are already Smile


On that point I do agree with you, Ruddles. See - it's possible! Smile
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Lord Evan Elpuss



Joined: 10 Dec 2006
Posts: 3353
Location: Cloud Cuckoo Land

PostPosted: Wed Jul 25, 2012 9:47 pm    Post subject: Reply with quote

I think it must be, by now a triple-dip, or have we reached quadruple-dip recession. I think it's time for a complete change of government, as this apology for a 'government' have messed up too much to be given any more chances.
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ColinB
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PostPosted: Wed Jul 25, 2012 9:51 pm    Post subject: Reply with quote

To be honest, I think it is - and always was - a single dip. Just a deeper single dip than Georgie Baby was capable of visualising!
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