Britain's economic growth shudders to a haltLove those English, economic growth "froze" in the second quarter. That means in english it stopped, now it will drop. Green taxes are driving up the cost of living worldwide -- That's just what the Marxists want.
The data showed the economy shuddered to a halt in the three months to July for the first time in 16 years and immediately led to predictions of significant interest rate cuts to revive the country's economic fortunes.
The slowdown has come as the pressure on families' finances reaches new heights because of the rising cost of living. It means Britain is almost certainly in a recession that will last until at least the end of the year, experts said.
Some analysts predicted that the severity of the slump could force the Bank of England to cut interest rates to 3.5pc or below to prevent the recession from becoming deep and drawn out.
The landmark moment came yesterday when the Office for National Statistics announced that Britain's gross domestic product - the most comprehensive measure of its economic output - froze in the second quarter of the year
Monday, August 25, 2008
Green Taxes Kills British Goose
England is backsliding down the economic ladder as green taxes begin to bite. The hoax works, kills the economy every time.
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