Blow to the tories 1 week before election. GDP growth slump Watch

Sky_Dream
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I don't think this has been mentioned yet on TSR, even though it's been mentioned all on the news today.

Britain's rate of economic growth has been cut in half by the Office for National Statistics. Britain's economy in the first quarter of 2015 grew by just 0.3%, half of what it did in the last quarter of 2014.

How do you think this will affect the Conservative's credibility as the party of economic responsibility?

http://www.independent.co.uk/news/uk...-10208992.html
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The two eds
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Makes no difference. Majority of people have made their choice already. And judging by both Labour and Tory supporters they have a distinct hatred for one another that makes it very very unlikely people would jump ship.

Plus the general idea conveyed in most people's minds and according to all opinion polls:

-Tories are the party for the economy
-Labour are the party for social issues

These are ideas that have been drilled into people's minds. No growth here or slump there will change that.

Plus we are still the fastest growing economy in the G7 and western economic world. If socialism was so successful France would be at the top yet they are among the bottom :rolleyes:
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the bear
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once Labour are defeated the economy will soar again
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Quady
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(Original post by the bear)
once Labour are defeated the economy will soar again
Nobody will be winning this lol
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MatureStudent36
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Have labour acknowledged their was no double dip, let alone triple dip recession?

i like the fact that we have the fastest growing economy in the developed world over the last 18 months, record employement etc and all that the two eds can come up with is 'it's failed'
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MindTheGaps
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It's still growth, and it's still faster growth than the rest of the developed world.

And yet, the economy isn't strong enough yet to withstand a Labour government.
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username878267
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Of course this has nothing to do with the tories though. They are only responsible for good things. Anything bad that has happened under their watch has nothing to do with them.
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whorace
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(Original post by Bornblue)
Of course this has nothing to do with the tories though. They are only responsible for good things. Anything bad that has happened under their watch has nothing to do with them.
It's the same bull**** with both parties. Tories do something good Labour say it wasn't them, Tories do something bad Tories say it wasn't them.

It's not surprising we have one of the fastest growing economies, we've always had one of the fastest growing economies...
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Sky_Dream
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(Original post by Rinsed)
It's still growth, and it's still faster growth than the rest of the developed world.

And yet, the economy isn't strong enough yet to withstand a Labour government.
Depends what time frame you set it in. Maybe recently (although with this blow, it's questionable whether the British economy will still be the fastest growing in the developed world).

Overall growth since the pre-recession peak is still behind some that of some other major advanced economies.
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Rakas21
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(Original post by Sky_Dream)
I don't think this has been mentioned yet on TSR, even though it's been mentioned all on the news today.

Britain's rate of economic growth has been cut in half by the Office for National Statistics. Britain's economy in the first quarter of 2015 grew by just 0.3%, half of what it did in the last quarter of 2014.

How do you think this will affect the Conservative's credibility as the party of economic responsibility?

http://www.independent.co.uk/news/uk...-10208992.html
The first low growth quarter since Q1 2013. I can't see it having that much effect though since people will be voting on how they feel and that won't have changed. Unemployment still fell which is good.

(Original post by Sky_Dream)
Depends what time frame you set it in. Maybe recently (although with this blow, it's questionable whether the British economy will still be the fastest growing in the developed world).

Overall growth since the pre-recession peak is still behind some that of some other major advanced economies.
Ahead of France for cumulative post recession growth but we're about the same as Germany (i did think we'd pass it but they could well match us this quarter). US, well ahead.
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Sky_Dream
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(Original post by Rakas21)
The first low growth quarter since Q1 2013. I can't see it having that much effect though since people will be voting on how they feel and that won't have changed. Unemployment still fell which is good.



Ahead of France for cumulative post recession growth but we're about the same as Germany (i did think we'd pass it but they could well match us this quarter). US, well ahead.
What date range are you using? According to this: http://www.bbc.co.uk/news/10613201 Q2 2012 and Q4 2012 were experienced negative growth and Q4 2013 experienced lower growth than we're currently experiencing. Within the past five years the highest growth was experienced in Q2 2010 at 1%.
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Rakas21
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(Original post by Sky_Dream)
What date range are you using? According to this: http://www.bbc.co.uk/news/10613201 Q2 2012 and Q4 2012 were experienced negative growth and Q4 2013 experienced lower growth than we're currently experiencing. Within the past five years the highest growth was experienced in Q2 2010 at 1%.
I was purely commenting from the last point, Q4 2013 was 0.4%, higher than Q1 now.

Remember that those are quarterly figures, anything above 0.5% is at least moderate growth. Hell, if we got annualised growth of just 3.1%, we'd be the third fastest trillion dollar economy out of about twenty.
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