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Friday 23 April 2010

Even more bad economic news

News that the UK economy grew by 0.2% between January and March explains why Gordon Brown was not as bullish about the UK economy as he has been in the past - he of course had the figures before the debate, we mere mortals had to wait until today. 0.2% is less that the widely anticipated 0.4% growth and of course is open to revision.

As usual the BBC are accentuating the positive including the classic line 'That was weaker than the 0.4% growth predicted by many economists, but the figure may be revised.' Somehow I think they are trying to convince us that things may get better, if we just wait. BBC

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