Tuesday, January 25, 2011

Too far, too fast?

There's just no denying that the release of today's quarterly GDP figures has taken everyone aback ...

... I swear that Radio5 Live reported them as a 0.5% growth, before realising their mistake and quickly changing the narrative to a 0.5% contraction :-(

Now we've had one-quarter of contraction, the UK-Government (even a Tory-led one!) will surely reconsider the use of all the powers at its control, to try avert this from being repeated in 3-months time?

It's not as if they haven't now been warned?

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