UK economy back at pre-crisis level
The UK economy has returned to pre-crisis levels by expanding 0.8% in the second quarter of this year. On an annual basis gross domestic product (GDP) expanded by 3.1%. The figures show the economy is now worth 0.2% more than it was at its peak in 2008, the Office for National Statistics (ONS) said. The service sector is the only part of the economy that has passed its previous 2008 peak, although that accounts for almost 80% of UK output. The UK economy is forecast to be the fastest growing among the G7 developed nations, according to the International Monetary Fund (IMF). On Thursday, the IMF predicted the UK would expand by 3.2% this year, up from a previous forecast of 2.8%.
http://www.bbc.co.uk/news/business-28479902It's easy to miss stuff like this around here, since nobody here wants to admit that this coalition government have actually done a pretty remarkable thing. I think it's a fantastic achievement, given the sheer size of the financial hole bequeathed to us by the last Labour government - crooks and liars all. The BBC are quick to attempt downplaying the latest statistics (see the link), but even Peston has to grudgingly admit that the final stats might be even better news.
Okay, you can now all 'correct me' as to how this country has actually gone down the plughole and everyone's on zero hours contracts, so the figures are lying, etc.
God forbid Labour get in at the next General Election
- just in time to cash-in the country's economic upturn and p*ss it all away - again.