UK deficit Archive

UK News — GDP Stronger Than Expected

As expected, boom time for now as the massive deficit spending raised savings and incomes, recharging consumer batteries, and supply the financial equity to fuel the subsequent expansion. Look for rate hikes to add gasoline to the fire as well. The risk of slowing from fiscal tightening is way down the road. ...Read More

UK Economy Grew Unrevised 0.3% in First Quarter

Still looks to me like the UK budget deficit has been more than sufficient to support at least modest GDP growth. UK Headlines: U.K. Economy Grew Unrevised 0.3% in First Quarter U.K. Consumers Predict Economy Will Worsen, GfK Survey Shows U.K. Mortgage Approvals Rose 2% in May From April, CML Says U.K. ...Read More

UK News

Too bad he’s gone over to the dark side. Hopefully it doesn’t actually happen. Brown Says U.K. Deficit Plans Go Further Than Other Countries April 12 (Bloomberg) — Prime Minister Gordon Brown said his plans to reduce the deficit show his Labour Party has “done more than any other country” on the ...Read More