Mr Grumpy

True, but it is better to have real natural resources than the imaginary industry that the UK relies on - Finance.

All of those financial transactions have no real value, only the value that people place on them at the time. Atleast natural resources have an ongoing usage, unlike imaginary finances that disappear in the blink of an eye.

Pit Bull.

I like feel good posts like this.

CindyHelens

I like it when Mr. Hockey said:

"You don't introduce new taxes when the economy is slowing. You don't go down the path of making it harder and not easier for Australian businesses."

Economic growth is not all about imposing taxes but include the overall health of the markets and consumer preferences.

commonwealth

are you sure it's hockey not milliband who said that?

CindyHelens

yes,.

Fran_L

Australian inflation rose to 1.4% which was above the market estimates of around 1.0%. Further interest cuts on hold?

Read more here:
http://britishexpats.com/forum/showt...0#post10347020

Pit Bull.

Any signs of that long awaited predicted recession in Australia? Growth predicted for next year of 3% still looking good.

The UK came out of recession with an unexpected and not predicted 1% third quarter growth, that's Definately good news.

Budawang

Not to mention that much of the City of London is involved in out and out financial fraud on a massive scale. The bedrock of the British economy has been described as the world's epicentre of financial fraud.

roaringmouse

By whom? You got a reference for this?

commonwealth

Libor Scandal Galore

http://en.wikipedia.org/wiki/Libor_scandal

commonwealth

one can hope it's not a one off effect of the dismal rainy 2nd qtr and the jubilee and olympics in 3rd qtr.

bingobob777

triple dip recession

steve`o

you really are living in la la land mate,
everyone i know is telling me how tight work is, ,my own experiences is that works down to a couple of days a week at the moment ( you had to knock people back a couple of years ago ) and you prattle on about growth what growth? you mean some mine some where that employes a couple of thousand workers has shipped a couple of additional tankers full of iron abroad
whilst the rest of the working population about 11 million struggles ?

f-ing delusional, your in for such a shock

commonwealth

i think personally from experience and observations 3% is about right.

steve`o

not for construction - 50% would be nearer the mark