It’s good to know that the latest figures show that industrial production (which includes North Sea output and domestic energy) rose 0.6% in the second quarter of this year. What is not broadcast quite so loudly is that manufacturing is still more than 10% below its pre-crash peak, and likewise GDP is still 3.3% below […]
Posts Tagged ‘Recovery’
How Osborne’s ‘recovery’ evaporated in a puff of smoke within 24 hours
Jun 24th, 2013 by Michael Meacher.Twenty-four hours is a long time in politics, let alone a week. Dressed in his best City garb Osborne informed the assembled banking grandees in the Mansion House last Wednesday that: “We are moving from rescue to recovery. Britain has left intensive care”. Really? On Thursday words from Ben Bernanke, head of the US Federal […]
