UK is "officially" in recession

[Lysander]

I'm so proud.

Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter.

That means that the widely accepted definition of a recession - two consecutive quarters of falling economic growth - has been met.

http://news.bbc.co.uk/1/hi/business/7846266.stm

 

[Ciphon]

Wooo Hoo!

 

[Cosimo]

I’m so glad that it has finally been made official

 

[DJMK4]

Why tell us something we already know? the only useful part of that is the actual drop in GDP.

We know we are in a recession, why do we have to wait for the "Yes we ARE in a recession".

No **** shirlock.

 

[Ciphon]

I’m so glad that it has finally been made official

Yeah - Whats the need to make it "official" - We know we're poor.

 

[Lysander]

Why tell us something we already know? the only useful part of that is the actual drop in GDP.

We know we are in a recession, why do we have to wait for the "Yes we ARE in a recession".

No **** shirlock.

Run out of valium, have we? There were a lot of people on these forums saying we weren't actually in a recession because of exactly the reasons the article states.

 

[Lord_Kokain]

Anyone saw when that recession came? And why let it in ffs? Stupid new labour immigration policy...

 

[lofz]

like we didn't see this coming..

 

[LordSplodge]

Anyone saw when that recession came? And why let it in ffs? Stupid new labour immigration policy...

What does the UK immigration policy have to do with a global financial banking crisis (the widley established cause of the current recession?)

 

[antijoke]

It's party time.

 

[LordSplodge]

It's party time.

Peanut butter jelly, peanut butter jelly, peanut butter jelly....

 

[Ciphon]

Peanut butter jelly, peanut butter jelly, peanut butter jelly....

With a baseball bat.

 

[antijoke]

I wonder how many people on hear missed it first time round.

 

[Cosimo]

It's party time.

We’ll all be out on the streets soon, singing The Red Flag

 

[Egon]

What does the UK immigration policy have to do with a global financial banking crisis (the widley established cause of the current recession?)

Whoooooosh

 

[DominicStar]

Anyone saw when that recession came? And why let it in ffs? Stupid new labour immigration policy...

We haven't really had a proper immigration policy under either Labour or the last Conservative government. The extent of British immigration policy is to react every time some neanderthal tabloid like the Daily Mail or Express runs an article with more impact than the daily xenophobic tripe it prints.

What the heck it has to do with a recession though you'll have to explain?

 

[Egon]

We haven't really had a proper immigration policy under either Labour or the last Conservative government. The extent of British immigration policy is to react every time some neanderthal tabloid like the Daily Mail or Express runs an article with more impact than the daily xenophobic tripe it prints.

What the heck it has to do with a recession though you'll have to explain?

I believe it was poor attempt at humour with a twist of sarcasm.....

 

[LordSplodge]

Whoooooosh

I believe it was poor attempt at humour with a twist of sarcasm.....

So poor that I don't get it.

 

[clv101]

...a global financial banking crisis (the widley established cause of the current recession?)

I think it's wrong to compartmentalise the recession like that. The politicians and media would like a single well defined cause that can be neatly addressed allowing business as usual to continue in a couple of years. I think the causes are far more complex and can't be summed up in a few word soundbite as the media/politicians would like.

 

[DominicStar]

I believe it was poor attempt at humour with a twist of sarcasm.....

Oops oh yeah it makes sense now I re-read it....

Pity so many people do actually believe it though