Friday 23 July 2010

On the road to recovery?

I see that the Con Dem Coalition is trying to take credit for the higher than expected economic growth for the UK in the last quarter, despite the fact that they have only been in power for 5 minutes!

The BBC's Business Editor, Robert Peston, described the 1.1% growth rate as "stunningly good" on tonight's Newsnight.

The danger now of course is that the policies of the Coalition - cutting public expenditure quicker and by a higher level than planned by Labour - will send us back into recession.

I doubt very much if the Coalition will be as quick to take the blame for that if it happens!

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