Is Britain showing the way to economic recovery ?

po020435

From reading the " Would we be better off under the Brits " thread, quite a few seem to think that Britain has managed the recession better than most other countries. According to Skynews today, the latest GDP figures have confirmed that the economy grew by 0.3% between January and March. And they also seemed to have overcome their issues with their banking system, unlike us.

Therefore, is Britain showing the rest of the world how to mange their way out of the recession ?

http://news.sky.com/skynews/Home/Business/Britains-Balance-Of-Payments-Deficit-Was-962bn-In-First-Quarter-Of-The-Year---Biggest-Since-2007/Article/201007215663621?lpos=Business_Second_UK_News_Article_Teaser_Region_6&lid=ARTICLE_15663621_Britains_Balance_Of_Payments_Deficit_Was_%3F9.62bn_In_First_Quarter_Of_The_Year_-_Biggest_Since_2007

oscarBravo

Moved from Political Theory.

ei.sdraob

i dont know

* QE and devaluation leading to inflation being double the target and still quickly rising
* savers being raped
* house prices are still at bubble levels
* severe cuts in public sector and welfare (which is well bellow irish one)
* rapidly rising national debt
* the gap between imports and exports grew despite a weaker pound

some "recovery"

then again unemployment is less, but then they didnt have a quarter of economy based on construction

hinault

And Britain maufacturing base which has really struggled over the past few decades will come under further pressure now that the Euro has devalued against Sterling.

Not good for GDP statistics going forward.

hinault

Larry Elliots piece in this mornings Guardian is timely

http://www.guardian.co.uk/business/2010/jul/12/uk-recession-deeper-than-first-thought

Kinda puts a new gloss on the GDP figures

ardmacha

It is British style hyping of property and boom and bust policies that we are trying to get away from. Try Canada, who learned their lesson from the past.

jamimon

And their PM has just become a celebrity. Why would his daughter have anything to do with politics? £150 or something to encourage marriage? Probably the most stupid thing I've heard. Many would say they are out of recession to encourage spending. Whatever the figure shows its not very satisfying.