MikeTV
Distinguished Member
"The UK economy contracted much more sharply than expected in the second quarter of the year, prolonging and deepening the country's double-dip recession."
"Output fell 0.7 per cent between the first and second quarter, more than the 0.2 per cent fall economists had expected. The UK economy has contracted for three quarters in a row and is now smaller than when the coalition government took office in 2010, providing fuel to critics of its austerity measures."
UK sinks deeper into recession - FT.com
At what point do the government realise that their credit easing, quantitive easing, cheap lending, and bank subsidies are not having any discernable effect other than to boost banker's bonuses, and that what we need now more than anything else is some serious public investment?
"Output fell 0.7 per cent between the first and second quarter, more than the 0.2 per cent fall economists had expected. The UK economy has contracted for three quarters in a row and is now smaller than when the coalition government took office in 2010, providing fuel to critics of its austerity measures."
UK sinks deeper into recession - FT.com
At what point do the government realise that their credit easing, quantitive easing, cheap lending, and bank subsidies are not having any discernable effect other than to boost banker's bonuses, and that what we need now more than anything else is some serious public investment?