This is an excellent, MUST READ article from the FT.
This article is fair and balanced, striving hard to explain the broader context, as well as the politics of the news.
Although Messrs. Cameron and Osborne will crow about the headline statistics, it’s far from an economic recovery, in my view. Much of the public sector is in severe crisis; UK consumers are receiving lower quality public service from areas like the NHS. Also budget cuts to defense and the Police, for example, bring higher levels of risk.
ONS statistics are prone to serious revision, so in my view, it is far too premature to draw too many conclusions from one set of statistics. Take a hard look at the subjective evidence; it’s very different from the headline.
- VIDEO: UK economy registers 0.6% growth (bbc.co.uk)
- Boost for George Osborne as IMF backs ‘Plan A’ – FT.com (dralfoldman.com)
- Osborne should fear angry Tory outriders – FT.com (dralfoldman.com)
- Budget black hole at heart of George Osborne’s finances – FT.com (dralfoldman.com)
- UK economy grows by 0.6% (walesonline.co.uk)
- UK economy grows by 0.6% (thejournal.co.uk)
- UK economy grows by 0.6% (coventrytelegraph.net)
- Osborne says UK economy ‘on the mend’ (itv.com)
- UK: Economy grew by 0.6% during second quarter of 2013 (eadt.co.uk)
- The rich get richer, the poor get poorer and the coalition plays silly burgers | Stewart Lee | The Observer (dralfoldman.com)