Are these numbers really right? First the ONS tell us that Q2 was negative growth of 0.7%, putting us in double dip, then they say it say minus 0.5%, then minus 0.4% - almost 50% wrong compared to their original estimate! At an annualised r...
ate, 0.7% drop would have meant that the economy was contracting at the same rate as in 2008 - a total slump! Now they are saying that the economy grew by 1% in Q3 - which annualised is a complete boom! How on earth did the economy go from a slump in Q2 to a boom in Q3 when nothing changed to stimulate the economy - no cuts in interest rates, no fiscal stimulus etc! Ever thought that maybe your numbers are not right boys?
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