August 27th, 2010

breaking bad

Economic news

Sorry, I just have to say the healthy reported economic recovery uses figures April-June. That is, this happened under the previous Labour government (and the first few weeks of the Tories, before the emergency budget of 22 June). It does not vindicate Tory cuts, either the relatively minor cuts of late June, or the large cuts which have not yet been implemented.

Obviously it doesn't prove they are wrong either. The effect remains to be seen.