“We’re not in recession”. Last July’s headline comes true (belatedly).

by Stephen Tall on October 25, 2012

Four months ago, just after the last set of quarterly figures published by the ONS showed a sharp contraction in the UK economy, I highlighted economist Hamish McRae’s very public assertion that the UK was in actual fact no longer in recession. Pointing to the second-highest rate of job creation ever in the private sector, […]