Home Menu

Site Navigation


Notices

Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics.

 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Old 25-01-2011, 10:36 PM #1
letmein letmein is offline
Senior Member
 
Join Date: Jun 2008
Posts: 3,384

Favourites:
BB17: Jayne
letmein letmein is offline
Senior Member
 
Join Date: Jun 2008
Posts: 3,384

Favourites:
BB17: Jayne
Default UK Economy Suffers Shock Contraction in Fourth Quarter

Quote:
Britain's economy suffered a shock 0.5 percent contraction in the last three months of 2010 after December's heavy snow took a far harsher toll than economists had forecast, official data showed on Tuesday.

The figures will be bad news for the government which is due to start cutting public spending in earnest early in 2011, and will cast doubt on market expectations that the Bank of England will raise interest rates in the first half of the year.

The Office for National Statistics said that Britain's economy would have struggled to register any growth in the fourth quarter even without any snow disruption.
http://www.cnbc.com/id/41246952


What can be done to change this??
letmein is offline   Reply With QuoteReply With Quote
 

Bookmark/share this topic

Tags
contraction, economy, fourth, quarter, shock, suffers, uk


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 04:29 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.
 

About Us ThisisBigBrother.com

"Big Brother and UK Television Forum. Est. 2001"

 

© 2023
no new posts