This article in the Guardian is seriously worrying if it is backed up by the release of figures tomorrow.
Forget a double dip. Britain may not have emerged from recession in late 2009 after all. Government figures released this morning showed a dramatic 6% fall in business investment in the final three months of the year, which all other things being equal would shave 0.5 points off output. Given that the initial estimate of growth in quarter four 2009 was just 0.1% , that’s not good news.
The even worse news is that a catastrophic 24% drop in investment over the past year leaves the economy in an enfeebled state as it attempts to recover from the deepest and longest recession since the 1930s. This, remember, is a recovery that is supposed to based on a rebalancing of growth from consumption to investment and exports. Fat chance, on the basis of today’s report.
Keep reading at the link below.
UK may not have emerged from recession after all | Analysis: Larry Elliott | Business | guardian.co.uk.
This should be titled Labour desperate to make GDP somehow stay above zero. Clutching at straws comes to mind.
BBC News – UK car scrappage scheme extended for a month.
Provisional figures show we may have come out of recession but inly just with GDP growing 0.1% in Q4 2009. A nat’s whisker and no more.
Recession over, new GDP figures show – Channel 4 News.
Signs of a recession - No 94
The recession has now been blamed for the increase in poaching. Nothing like a little lack of money to get us out being criminals.
PC Doug Darwin, who is based in Speyside, said: “Obviously with the recession people are turning to poaching to supplement their lifestyle so it’s becoming big business to some people.”
According to the BBC:
Criminal gangs could be responsible for a big increase in the amount of deer poaching in Scotland, police have said.
Reported poaching incidents rose by 47% last year with some estates losing up to 50 deer, according to the National Wildlife Crime Unit (NWCU).
A spokesman for Central Scotland Police said they were seeing evidence of “much more organised activity” in deer and salmon poaching across the country.
A crackdown on poaching is due to be launched by the Scottish government.
Deputy Chief Constable Iain MacLeod, from Central Scotland Police, said: “What we’re seeing more evidence of is much more organised activity. It’s not so much the traditional image of the one individual going out for one for the pot.”
“It’s organised crime groups who are clearly in this as a form of business.”
BBC News – Criminal gangs blamed for rise in poaching.
Gordon Brown's Russian Roulette Revolver
Fire one: One Trillion to the Banks.
Fire Two: 175bn and maybe more on printing money
Fire Three: Interest rates at 0.5 per cent
Fire Four: Vat reduction by 2.5 per cent
Fire Five: Car Scrappage
Fire Six: Going for Growth!
There is nothing left to fire from the Russian Roulette Economic Revolver that Gordon Brown has been using in his desperate attempt to kill off the “Bust” he already told us he had humanely culled only a couple of years ago. His method of trying to kill off recession has been exposed as a Royal Flush of blanks.
As the Telegraph says
He had better get a move on because make no mistake the one shot Mr Brown has left in the barrel is increasingly looking like blank. It is the one that he has been pushing for months: that Britain is, because of his actions, best placed to stave off recession and will emerge from it strongly.
Me thinks it’s Time for Change.
Shock growth figures de-rail fight-back plans – Telegraph.
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