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Olympics and Diamond Jubilee help UK economy return to growth in third quarter

Thursday, October 25th 2012 - 18:26 UTC
Full article 16 comments

Spurred by the Olympics the UK economy returned to growth at its fastest pace in five years, official figures showed on Thursday. GDP 1% in the third quarter of the year, the Office for National Statistics said. This ended three consecutive quarters of declining output. Read full article

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  • Tinx

    means that ,UK economy is worse and smaller than some African countries
    if spurred by small budgeted few games and a disgraceful wedding.

    Oct 25th, 2012 - 07:18 pm - Link - Report abuse 0
  • Santa Fe

    1..inspired thinking , but the UKs GDP is not the same as a small African country, think your getting mixed up with Argentina , can't even stump up 20 mill to free their flag ship jajajaja

    Oct 25th, 2012 - 07:35 pm - Link - Report abuse 0
  • Tinx

    means that you know Spanish if you use Santa Fe name .

    Oct 25th, 2012 - 07:39 pm - Link - Report abuse 0
  • LEPRecon

    @1 -Tinx

    UK GDP - 2.43 trillion US dollars (US$243,000,000,000,000)
    Argentine GDP - 446 billion US dollars (US$446,000,000,000)

    Hmm, I think the UK economy is doing fine.

    Oct 25th, 2012 - 07:50 pm - Link - Report abuse 0
  • Britworker

    @1
    Hey, we can protect our islands half way across the world dick head, you can't even keep your boats at sea without the debt collectors taking possession if them. What this means is the UK economy is 'slowly' getting back on track, not before time!

    Oct 25th, 2012 - 07:51 pm - Link - Report abuse 0
  • Tinx

    & 5

    Does this UK GDP include you ?

    Oct 25th, 2012 - 08:15 pm - Link - Report abuse 0
  • DanyBerger

    @LEPRecon

    You forgot an important part of the real picture.

    Arg GDP 475bn
    Arg external debt 130bn
    Arg Public debt 41.4% of GDP (196,65bn)

    Arg GDP balance = $148.35bn positive after paying the whole debt.

    UK GDP $2.418 trillion
    UK external debt 10 trillions
    UK public debt 86% (2,079 trillions)

    UK GDP balance = -9,582 trillions negative after paying the whole debt.

    As you can see UK is making loses ship and is keeping a float thanks to borrowing.
    Now lenders are knocking at UK’s door with a huge bill and with all intentions to get their money back plus generous interest rates.

    @UK
    Well seems Kmoron have found the solution of UK’s economy problems after all.

    They just need to make “Olympic Games and Diamond Jubilee remakes” every weekend until 2030 to keep UK growing 1%.

    Oct 25th, 2012 - 08:16 pm - Link - Report abuse 0
  • Tinx

    & 2
    & 4
    & 5

    means that the english is not your native language.
    you can not perceive even the logic of comment (1) what it says

    read and think again.

    Oct 25th, 2012 - 08:30 pm - Link - Report abuse 0
  • toooldtodieyoung

    oooooooohhhhhhhhh!!!! We are out of recession!!!

    1%??? 1%!!! That is not growth!!! That's not even an increase!! It's a mild swelling!!

    But before Came-moron and his little b*tch Nick clegg start s*cking each others d*cks, there is some news that I bet they haven't heard yet.

    Ford is closing it's Transit van factory in Southampton. That's 1,500 jobs gone. Another factory is closing in Derby where they make car seats with the loss of 500 jobs

    But it's ok!!! The recession is over!!!! I feel safer already!!! it's clear blue skies and sunny weather from now on!!!

    'cos our economy grew by 1%!!!

    But Britain's Chancellor George Osborne said the figures show that the country is ''on the right track“. Yeah!! Keep up that “spectacular success” for the next 500 years and we might be ok...........

    Meanwhile, away from “cloud cuckoo land” the real world was happening. You which part I mean don't you? That bit of the UK that isn't London.

    But it's ok, were doing fine..............................I guess...................

    Oct 25th, 2012 - 09:14 pm - Link - Report abuse 0
  • Burn1938

    Good news at last . The Tories inherited a real mess from Labour and had to take drastic action . The results are starting to show now helped by the Golden Jubilee and Olympics . They have to keep expenditure down .But not on defense , too many funnies around .

    Oct 25th, 2012 - 10:34 pm - Link - Report abuse 0
  • briton

    the proof is in the pudding,
    and this pudding is now growing at last.

    Oct 26th, 2012 - 12:15 am - Link - Report abuse 0
  • mastershakejb

    lol, its hilarious when Argies on here quote figures they read online. They've clearly never traveled, cause it doesn't take more than ten minutes in USA, UK, and Argentina, to see that the amount of wealth in UK and USA is LIGHTYEARS beyond Argentina's.

    Oct 26th, 2012 - 04:04 am - Link - Report abuse 0
  • reality check

    @1
    Small African country, what, you mean like Ghana???

    Oct 26th, 2012 - 05:31 am - Link - Report abuse 0
  • toooldtodieyoung

    Oh yes!!! and, right on que. As of the 6th December 2012 EDF energy is putting up it's prices by 5 times the rate of inflation......

    Happy f**king Christmas!!! Lets see the next quarters “Growth” figures... people will be too busy slipping into “fuel poverty” to spend their money on anything else.... Ha!!!

    So much for Came-moron dream of “Low cost affordable energy for everyone” and yet again, it hits the old, the vunerable and those in the lower wage earning bracket.

    But that's ok.............. we are out of recession............everything is ok.

    Treble dip recession anyone?

    Oct 26th, 2012 - 08:04 pm - Link - Report abuse 0
  • reality check

    @14
    Time for an Argentinian solution!

    Expropriate the thieving bastards!

    Oct 26th, 2012 - 08:14 pm - Link - Report abuse 0
  • British_Kirchnerist

    This is just down to one off factors, austerity still isn't working

    #15 I agree!

    Nov 01st, 2012 - 01:45 pm - Link - Report abuse 0

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