Britain 'in recession' as recovery falters

[the_leander]

Britain is back in recession, according to the latest unwelcome forecast from the Organisation for Economic Co-operation and Development.

The UK economy shrank at an annual rate of 1.2 per cent in the final three months of 2011 and will contract by 0.4 per cent in the first quarter of this year, it said. Two successive quarters of economic contraction is the technical definition of a recession.

Read on.

 

[cecilia]

hmm, lovely.

and how are you doing??

 

[the_leander]

Not great, but I'll endure.

 

[cecilia]

Not great, but I'll endure.

yeah, well, it seems the 99% are basically in the same situation.

 

[cecilia]

this should make you feel good:

it made Me smile!

 

[FluffyMcDeath]

this should make you feel good:

I'm going to have to start training now to have a hope of being that good when I'm 86.

 

[cecilia]

yeah, me too!!!


as to jobs...some people are working on that:

http://www.mostjobstraining.com/

 

[Speelgoedmannetje]

Read on.

Meanwhile: http://www.taxpenny.co.uk/news/2012/03/50-percent-tax-to-be-cut-to-45-percent-tax-from-2013/
Bugger me, I'm beginning to understand how it came at some point in history someone said "Let them eat cake".

 

[Speelgoedmannetje]

it made Me smile!

That's exactly what we need

 

[Dammy]

If you think it's bad now, just wait another 9 to 12 months when gas nearly doubles. How much is 93 octane per liter in the UK now?

 

[the_leander]

If you think it's bad now, just wait another 9 to 12 months when gas nearly doubles. How much is 93 octane per liter in the UK now?

We don't use 93 octane fuel, ours starts at 95 and goes onto 97 and 99.

And it's around £1.45 a litre atm and around £1.50 for diesel.

 

[Dammy]

We don't use 93 octane fuel, ours starts at 95 and goes onto 97 and 99.

And it's around £1.45 a litre atm and around £1.50 for diesel.

Wow, that's $8.779 in the US per gallon. Bet when the fecal matter hits the rotating air foil, you will see around £2.25 a liter if not higher with shortages.

 

[the_leander]

Wow, that's $8.779 in the US per gallon. Bet when the fecal matter hits the rotating air foil, you will see around £2.25 a liter if not higher with shortages.

Around 50% of that price is fuel duty, which we're told will be lowered should fuel prices start to rise in the manner you're suggesting.

That said, I doubt it'll double, even over the course of 12 months.

 

[JoBBo]

it made Me smile!

Interesting. She lives in the same city as me.