UK economy still in recession
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Author Topic: UK economy still in recession  (Read 1464 times)
Silent Hunter
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« on: October 23, 2009, 03:50:40 AM »
Shrunk 0.4% in the third quarter.
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afleitch
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« Reply #1 on: October 23, 2009, 05:32:29 AM »

Unexpected; talk was that we would be just coming out of recession.
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titaniumtux
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« Reply #2 on: October 23, 2009, 07:35:57 AM »
Figures. The UK will need a while to achieve stable growth I figure. Maybe less time than the USofA, but it'll still be a while.

Say, now's a good time for the UK to switch to the euro! w00t!
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Beet
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« Reply #3 on: October 23, 2009, 03:04:41 PM »
It appears that the main current account deficit countries, including UK, Ireland, Spain, and Eastern Europe are getting it worse, despite some predictions to the contrary earlier this year.
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k-onmmunist
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« Reply #4 on: October 23, 2009, 05:39:55 PM »
Quote from: titaniumtux on October 23, 2009, 07:35:57 AM
Figures. The UK will need a while to achieve stable growth I figure. Maybe less time than the USofA, but it'll still be a while.

Say, now's a good time for the UK to switch to the euro! w00t!

Umm, no. Keep the £
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ChrisJG777
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« Reply #5 on: October 24, 2009, 07:19:13 AM »
Quote from: Boing Boom Tschak on October 23, 2009, 05:39:55 PM
Quote from: titaniumtux on October 23, 2009, 07:35:57 AM
Figures. The UK will need a while to achieve stable growth I figure. Maybe less time than the USofA, but it'll still be a while.

Say, now's a good time for the UK to switch to the euro! w00t!

Umm, no. Keep the £

This has to go down as one of the few instances that we agree on something.
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k-onmmunist
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« Reply #6 on: October 24, 2009, 07:29:05 AM »
Quote from: ChrisJG777 on October 24, 2009, 07:19:13 AM
Quote from: Boing Boom Tschak on October 23, 2009, 05:39:55 PM
Quote from: titaniumtux on October 23, 2009, 07:35:57 AM
Figures. The UK will need a while to achieve stable growth I figure. Maybe less time than the USofA, but it'll still be a while.

Say, now's a good time for the UK to switch to the euro! w00t!

Umm, no. Keep the £

This has to go down as one of the few instances that we agree on something.

That statement is correct, economically. I'm sure we'd agree more on social stances though.

Anyway, reasoning behind keeping the pound:

1. We give it up and we end up being controlled by a European Central Bank.. we lose our independence, and I don't believe one bank can set a rate that is in the interest of all Europe.

2. It'll weaken the economy... the pound is still stronger than the euro.

3. The pound is a symbol of our nation... we give it up and we give up part of our nation's soul.
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Alexander Hamilton
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« Reply #7 on: December 06, 2009, 03:45:45 AM »
so this is what a police state economy looks like...

ah
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Bo
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« Reply #8 on: December 22, 2009, 02:01:51 AM »
The UK should get out of this recession soon since the U.S. already got out of it.
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Psychic Octopus
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« Reply #9 on: December 24, 2009, 07:12:12 PM »
Quote from: Jasmine's Prince on December 22, 2009, 02:01:51 AM
The UK should get out of this recession soon since the U.S. already got out of it.

^^^^^^^^^^^^^^^^^^^^^^^^^^^
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