Britain on brink of recession after growth revised to zero
Britain is on the brink of a recession after a revision to official figures showed the economy stagnated in the third quarter of the year.
Growth from July to September was revised down from 0.1pc to zero, new figures from the Office for National Statistics (ONS) showed. Living standards also fell.
The UK and Italy were the only G7 countries to register no growth during that time, performing worse than rivals such as Germany, France and the US.
A remarkable achievement. Maybe economic policies based on increased taxes and bungs to political supporters do not offer the best route to growth. Rachel from Accounts may have to revisit her sums.
2 comments:
You haven't been paying attention. Reeves don't make mistakes. All she has to do now is wait until 'Reality' Just Gets With The Programme.
decnine - that's what she seems to be waiting for, although she also seems to be wondering if Reality has gone off message and intends to stay there.
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