(UK) Economy heading for triple-dip recession, NIESR warns

Posted in the Minneapolis Forum

Consistent

Minneapolis, MN

#1 Jan 11, 2013
(UK) Economy heading for triple-dip recession, NIESR warns

Source: The Guardian

Pressure mounted on the chancellor to moderate his austerity programme after analysis by a leading thinktank showed the UK economy heading for a triple-dip recession and high profile employers Honda and Jessops cut hundreds of jobs

The National Institute for Economic and Social Research (NIESR) said in its monthly health check that the economy shrank by 0.3% in the three months to December. Against a backdrop of weak consumer spending and a drop in manufacturing output, the estimates from NIESR may add fuel to campaigns for George Osborne to adopt a more radical approach to generating growth.

Plans by Honda to shed 800 jobs at its Swindon plant added to the dismay among unions and business lobby groups. Honda blamed a lack of demand for cars in recession-hit markets across continental Europe. Car sales were up 5% in Britain during 2012. The Unite union called the decision a "hammer blow" for those affected and the Swindon economy, and pointed out that 325 temporary workers had also left recently.

Administrators for the camera shop chain Jessops said a discussion with suppliers had revealed the business was no longer viable and all 189 shops would close, making 1370 staff redundant.

Read more: http://www.guardian.co.uk/business/2013/jan/1...
non-starter

Saint Paul, MN

#2 Jan 11, 2013
Another post from the poster who uses others' monikers. What do you have to hide low integrity poster. If you have integrity, why not post under your own name?
Consistent

Grantsburg, WI

#3 Jan 11, 2013
Consistent wrote:
(UK) Economy heading for triple-dip recession, NIESR warns
Source: The Guardian
Pressure mounted on the chancellor to moderate his austerity programme after analysis by a leading thinktank showed the UK economy heading for a triple-dip recession and high profile employers Honda and Jessops cut hundreds of jobs
The National Institute for Economic and Social Research (NIESR) said in its monthly health check that the economy shrank by 0.3% in the three months to December. Against a backdrop of weak consumer spending and a drop in manufacturing output, the estimates from NIESR may add fuel to campaigns for George Osborne to adopt a more radical approach to generating growth.
Plans by Honda to shed 800 jobs at its Swindon plant added to the dismay among unions and business lobby groups. Honda blamed a lack of demand for cars in recession-hit markets across continental Europe. Car sales were up 5% in Britain during 2012. The Unite union called the decision a "hammer blow" for those affected and the Swindon economy, and pointed out that 325 temporary workers had also left recently.
Administrators for the camera shop chain Jessops said a discussion with suppliers had revealed the business was no longer viable and all 189 shops would close, making 1370 staff redundant.
Read more: http://www.guardian.co.uk/business/2013/jan/1...
Low Integrity Poster,

Would you like me to explain to you why you lack the emotional ability to engage in normal conversation/non-abusive interactions with the Big Kids?(It has everything to do with Genetic Mutations at your Conception, and compounded by your disturbing sexuality issues from what Uncle Daddy did to you)
Consistent

Minneapolis, MN

#4 Jan 12, 2013
Waaa. Waaa. Waaa.

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