Yes Chrysalis,
tax cuts.
dazzer89 - I could quote a blog as fact too. Especially one called 'Fact Check'. Doesn't change that the ONS themselves said that it would have been an essentially flat quarter without the influence of the snow. The rating of 'fiction' is entirely arbitrary and is the writer's opinion.
Opinions do not facts make - we'll only know the full story of the GDP figures when everything has been worked through.
Regardless none of it in any way supports reversing the austerity measures. Perhaps Ms Newman should have mentioned that in December the government spent the largest amount of money it ever has, and that various business confidence metrics, usually a good indicator of GDP, were far better than the figures suggested. She should really stick to the facts rather than her opinion of them.
The BoE Governor noted that this drop was a natural adjustment, it looks bad because the Tories engaged in political opportunism when they were in opposition and are now reaping the rewards
---------- Post added at 10:35 ---------- Previous post was at 10:34 ----------
Quote:
Originally Posted by dazzer89
Hi Chrysalis, George Soros on the Beeb on Wednesday:
- Market Fundamentalism doesn't work
- UK cuts could trigger a recession
And that's from someone who knows the workings of the markets pretty well.
http://www.bbc.co.uk/news/business-12291527 |
Though not the UK Economy.
From your above link:
Quote:
|
And Mr Soros himself refused to elaborate on his remarks, acknowledging that he did not follow the UK economy "that closely".
|
A reputation does not an informed opinion make. His thoughts sound like they were based on ideology rather than first hand knowledge by his own admission.