'This leads to two stupidly obvious thoughts.Poor Robert Peston, having to report some good economic news with the Conservatives in government.Never mind, I'm sure he and the Labour party will have a new line of attack shortly.
First, it would be wrong to characterise the recovery as debt-fuelled.
Second, with austerity rolling relentlessly on this year, and GDP at market prices likely to keep rising faster than private sector debts, 2014 should be a year in which the overall leverage or indebtedness of the British economy falls pretty sharply.'
Monday, 31 March 2014
Can you hear the gritted teeth?
Poor Robert Peston is forced to admit that: