dpb

http://www.lse.co.uk/sharecast-news-..._third_quarter

Just how much more in the mire would we have been with ed ballsup in charge !

Doesn't bare thinking about

f1_fan

iTrader: (9)

Statistics eh? Economy has flatlined in last 12 months!

The Olympic effect is unquantifiable!

Let's wait for Q4 before getting excited.

Don't think it would overall be better or worse under Labour, they are all self serving greedy career obsessed w4nkers anyway!

Gear Head

iTrader: (2)

It is only one quarter. Plus it included a very busy and succesful sporting Summer.

We are not out of the woods yet and won't be until we sort the massive deficit that still remains at a higher level than when they took office.

dpb

But businesses not connected with the Olympics suffered as a result AFAIK
That's a lot of businesses

Graz

That's the way I read it so the upshot is the figures may have been even better were it not for the Olympics - i.e. we'd be buying more stuff and engaging in other leisure activities were we not all glued to the TV watching the Olympics coverage for some of the summer

David Lock

AFAIK overall visitor numbers to UK were down during Olympics although per person spend was up slightly.

Of course figures are good news but overall confidence is still low. This is mainly due IMHO to constant and childish sniping from Labour. Sure they have a job to do as opposition but they are so fecking childish and do a lot of damage by the way they behave.

dl

f1_fan

iTrader: (9)

It's the way any opposition behaves though and confidence is low more because of the media than the opposition! Politicians are all the same.

The fact the economy grew 1% is great, but over all in the last 12 months we have zero growth and lag behind Germany, France and the US!

And as GH points out the deficit is still getting bigger!

Martin2005

Well that's way not the () most economists are looking at it.

There seems to be a an underlying growth rate of between 0.2-0.3%, good but not great.

TelBoy

*hand shoots up*


"way", Sir

TelBoy

Que? Within the headline figure, Olympic ticket sales added 0.2% to GDP.

Martin2005

Have got any I could have?

Ste RB5138

and then Ford announce they are to close to plants in the UK with at least 1300 jobs to go.

Gear Head

iTrader: (2)

Yeah right.

May be 0.02%.

TelBoy

Where has this been confirmed? Are you talking about the possible loss of 500 jobs in Southampton? They're relocating Belgian production to Spain but what other announcements about the UK operation have they made?

David Lock

"Just stop showing off and get back to your colouring book"

f1_fan

iTrader: (9)

Agreed, but I am talking about the overall effect of the Olympics.

For instance did people who would normally go out to a restaurant or bar/pub stay in and watch the Olympics? Did businesses around the venues see a rise in revenues or a drop? Did businesse that had been working for the Olympics for the last few years suddenly have no work or did they get work on the back of what they had done for the Olympics? So on and so forth.

I just think the quarter contains too many unknowns and Q4 will be more representative of the true situation!

TelBoy

Will the Olympic effect be sustained i think is the question. And yes, it will be interesting to see. Momentum is a funny old thing though, sometimes it just needs a bit of an upturn to begin to get the wheels turning again. Q4 will indeed reveal all.

ReallyReallyGoodMeat

Here:
http://www.bbc.co.uk/news/business-20083272

Leslie

I suppose one can't expect anything else from the opposition than that they give the impression that they are grossly disappointed that the country is showing signs of emerging from the recession.

What a dishonest reaction that is, they would give a much more supportable impression to the country if they were to say that is a good thing even if they still disagree with the coalition's actions and that they are so sorry for destroying our economy in such a devastating manner when they were in power!

Ed ***** really is the bitter end!

Les

Gear Head

iTrader: (2)

I tell you the answer right now - around 0.2 - 0.3%........if we are lucky.

Nothing has changed in the financial world, wages are flat and our government are spending even more than what is being paid in.
The eurozone is the same. Greece is being bailed out.....again. (or an extension on repayments, which is the same thing) and the big economies such as China and India are slowing down.

I don't care what anyone says, we are in the ****e for the foreseeable future.

And while all this is going on, our so called government and opposition parties continue to play the 'I am better than you' game without any facts to back up what they say.

TelBoy

Trouble is there are still too many people with your pessimistic outlook, GH. And while there are, things won't get moving. Self fulfilling prophecy and all that. Of course we're not immune to everything happening in Europe, but we have enough autonomy to be able to shape our own destiny, to some extent. Have faith, you never know.

PeteBrant

Thats ticket sales. There are a host of other contributers. Acoomodation, entertaintent, food, hospitality, transpprt. All the things associated with millions of people attending an event.

Official estiamtes put the Olympic contribution at 0.7% total.

f1_fan

iTrader: (9)

There is a lot of truth in that, let's hope it rolls into Q4.... we could do with some sustained good news

Chip

90% of ticket sales were made many months before the Olympice started.

TelBoy

True, Chip, which gives greater hope that today's numbers are perhaps the beginning of an upturn, given that previous data certainly from 2012 would have had some Olympic effect already included.

Gear Head

iTrader: (2)

But do you think that in a capitalist society, the government actually have any power over what the economy does?

The bank of England controls the tools for macro economics so all the government can influence is are micro factors. And have you seen any help going towards small businesses lately?

The government give themselves too much credit.
Labour didn't cause the last recession, they just went along for the ride when the economy was booming (even though it was on borrowed money) and stated that they were responcible for it.

Now, any failure in getting the economy growing again will blamed on Labour by the Tories and on the Tories by Labour.



****ing retards, the lot of them.

I would have far more respect for them if our leaders just said, 'We just don't know if it will work, but this what we are going to do and why.'.

zip106

Construction is still on its ****.

Worse for me now than it's ever been in 16 years.

Chip

Tel, according to the BBC news the figures took into account all of the ticket sales whenever they were bought.

Still good news though.

Dingdongler

At least it's a glimmer of hope.

Anyway, let's just thank our lucky stars these two c8ck suckers aren't in charge to completely bankrupt us

TelBoy

That was my point. So that these figures have less of a "blip effect" embedded