Quote:
Originally Posted by nomadking
What's imaginary about it? It the strikes weren't occurring, GDP would be higher. If you're trying to measure how the economy is performing, then only reasonable to consider artificial and temporary reductions. The rest of the non-striking economy is doing BETTER than the official figures suggest.
If strikes increased GDP, the media wouldn't stop mentioning that. Anything to paint a FALSE picture.
Labour and the Unions must gutted, that despite their actions, the economy isn't in recession.
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Great that the dip was in line with our peers but worrying that the ONS's figures were wrong.
I don't think you can arbitarily exclude long-running strikes from the figures.
Nor do I think that Labour who are odds-on to form the next government next year favour a recession. Why? That makes little sense. Budgets are super tight (witness many councils going effectively bankrupt and ailing school buildings and bus cut backs) and the next incoming government needs as healthy an economy as possible to maximise its tax take.