Posts Tagged “recession”

The double dip recession that never was?

by Stephen Tall on May 11, 2013

Did the double-dip recession ever happen? It looks increasingly possible that it didn’t — the BBC reports the latest revision to the data: A revision by the Office for National Statistics (ONS) has cast doubt on the UK’s double-dip recession last year. Revised growth estimates now suggest the construction industry shrank in the first quarter […]

“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, […]

The politics of sluggish growth: good for the Tories, bad for Labour, and as for the Lib Dems we’ll see

by Stephen Tall on October 9, 2012

Today saw the publication by the IMF of its latest growth forecasts. UK growth prospects are downgraded once again. Growth in 2012 is now forecast to be -0.4% (the most recent quarter’s strong showing is anomalous) and an anaemic 1.1% in 2013. As The Spectator’s Jonathan Jones observes, the only thing new here is that […]

“We’re not in recession”. And no, that’s not the claim of anyone in the Coalition.

by Stephen Tall on July 26, 2012

Hamish McRae, an economist and associate editor of The Independent, has been claiming for some while now that the official figures aren’t reflecting the reality of the economy. A week ago, he made the bold statement that the UK is not in recession: The British economy is becoming more and more interesting. This week [ie, […]

LDV poll: More than half Lib Dem members back ‘new approach’ to boost economic growth

by Stephen Tall on June 12, 2012

Lib Dem Voice has polled our members-only forum to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 560 party members responded, and we’re publishing the full results. 54% of Lib Dems back ‘new approach’; but 27% say ‘stick with Plan A’ LDV asked: Thinking about […]

Nick Clegg on the double-dip recession: “our answers are the right ones to repair the damage done”

by Stephen Tall on April 25, 2012

Nick Clegg spoke this morning to the Institute of Directors, shortly after the announcement that the Office of National Statistics estimates that the economy contracted by 0.2% in the first three months of 2012 — a second quarter of shrinkage that officially means the UK is once again in recession. Here’s what he had to […]

Should this poll result worry us?

by Stephen Tall on March 26, 2010

Today’s BBC Daily Politics / ComRes poll asking which of the three major parties’ leadership teams is more trusted to steer the economy through the current downturn has caused a bit of a stir – it shows Labour’s duumvirate of Gordon Brown and Alastair Darling out ahead of the Tories, an about-turn on three months […]

Nick calls for cross-party Council of Financial Stability

by Stephen Tall on March 22, 2010

Hmmm, well I have my doubts about this one. Not the idea: that’s obvious and right. Of course we need to build political consensus in order to carry through the tough spending cuts any party (or parties) which finds itself in government will have to implement.
Only myopic Labour/Tory tribalists will try and pretend a […]

Vince: “Labour and the Tories are accusing each other of being confused and contradictory on the economy, and they’re both right.”

by Stephen Tall on February 1, 2010

Attack is the best form of defence, I guess, so it’s no surprise that the Tories – seriously on the back-foot since it became clear that David Cameron and George Osborne haven’t got a clue what they plan to do about the deficit – have launched a broadside against Labour. With Peter Mandelson using a […]

Daily View 2×2: 25 January 2010

by Stephen Tall on January 25, 2010

Happy Monday morning, everyone. Let’s get straight down to business …
2 Must-Read Blog Posts

What are other Liberal Democrat bloggers saying? Here’s are two posts that have caught the eye from the Liberal Democrat Blogs aggregator:

“Change”: deliberate, disingenuous, dangerous deception (Jock Coats)
There can be no “change” whilst the wheels of State rumble on. Changing […]



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