I'm not an economist and I'm not a meteorologist but even I could see that the coldest winter in a century, with some of the worst snow conditions in a generation was going to have a detrimental effect on the UK economy.
There are always peaks and troughs in the growth rate of GDP and no one with any sense was claiming the the economy was safely into a period of sustained growth yet. Ed Balls is trying to claim that the government has caused this drop in GDP having acquired selective amnesia with regard to the huge public borrowing policy that he championed and which was a major part in driving us into recession over the last few years.
VIDEO: No 10 to host 'web porn' summit
5 hours ago

1 comment:
And next quarter the effects of VAT increase will lead to another quarter of GDP reduction. We will formally be in a double dip recession.
The government should have been able to prevent this from happening. We might as well have the Labour Party back destroying the economy.
Post a Comment