Wednesday, April 27, 2011

UK economy flat-lining

Personally, I'm delighted to see the economy back in growth and pleased that the country has avoided a double-dip recession (just!) ...

... but, politicians of all colours should take no great comfort from today's GDP figures, which do show that the UK economy has basically flat-lined over the last six months.

Frankly, I can see little or no justification for claiming that somehow this signifies the economic down-turn is over? For many, many people it's only about to begin as the true impact of recent budgetary decisions start to take hold :-(


Duncan said...

You do mean the true impact of the Labour Party's bankrupting of the UK economy, don't you?

Andrew said...


Thanks for the comment.

No I don't mean that. Public money was used to stop a recession becoming a depression. It was the right thing to do.

The alternatives were not palatable and I'm glad there was a Labour Government in power at the time that took the decisions it did.

By contrast, I do firmly believe the decisions made post 2010 are now prolonging that recession unecessarily.

I suspect we may not agree, but thanks for taking the time to check out the blog.


A Brown said...

Labour has failed to exploit these diviisons in the SNP.

The electorate also needs reminding of the Salmond's thatcher gaffe in 2008

Andrew said...

A Brown

Thanks for the comment - up to the voters now :-)