Big Labour v Tory argument going on here, like most thing I suspect the truth lies beneath the 2.

0% growth is not desperation it is a fact - just admit you were wrong, I will not hold my breath.

Lets all be honest, there has been one long continuous depression since the worlds banks went arrse over tit in 2008 and as everyone who pays a mortgage, rent, utilities and food bills knows (I accept that AJW may not be in this category) very few people have improved their lot since that time and most have slipped backwards, its not a good track record to date and the first two quarters of 2014 will be VERY interesting because we all have to start "feeling good" in 2014 ready for the next General Election, it will probably have to come from bribes though.

And for the record, there was a recession in 2010, then there wasn't, it was all sleight of hand or just a bad dream.

I believe.

Do you still stand by your statement that the economy has grown by 1.9% since January?
Or will you admit you're wrong?

And to make sure that austerity works even more, rlthe government has rejected the chance to get EU funding help for foodbanksrl.

Oh, has he gone again? Or just logged in as someone else?

TBF, I don't think he does that.

It would take a degree of mental discipline.

Although he is sitting around, watching the forums, even as I post this.

Done his disappearing act again though hasn't he. Same as Lord Elpers after the Mitchell thing went south for him.

Yes it did grow based on some last minute spending by Brown and Ballsup (remember they boasted about leaving the cupboard bare?)

Had Brown not been thrown out by the voters and Darling had remained Chancellor then his plan to cut the deficit was similar to the Osborne one and so would have had the same result on growth given the same outside influences.

But it was almost certain Ballsup would have become Chancellor then he would have pursued his borrow policy and spend with the obvious result of an increased deficit, a fiscal crisis and a second major run on sterling in 2010.




It amuses me how all the lefties are in denial over the recovery and in denial over the mess they left behind them.




You conveniently are ignoring the three major outside factors that hit growth since 2010.

1. While Britain continued the grow modestly after 2010 the eurozone - which did have a serious fiscal crisis - sank back into recession. The eurozones woes, rather than Osborne's austerity, were one reason why Britain's recovery failed to take off. Its problems hit exports, oushed up bank funding costs and sapped the confidence of business in investing.

The growth figures were also dragged down by peculiarly British factors:
2. A plunge in North sea oil output
3. A sharp drop in financial services - a bigger pain for Britain than elsewhere.

David "Danny" Blanchflower (DDB), a British economist appointed by Labour to the BoE monetary policy committee (he left in 2009) and advisor to the discredited Labour economic record.

Whenever Blanchflower makes a prediction its a safe bet to expect the exact opposite to come true. This is the man that predicted the Tory economic policy would rise to 5 million perhaps 6 million. 100% WRONG - quite a margin for error!
AS someone once said "this notorious prediction has hung around Blanchflower's neck like a necklace of cat poo"

He then predicted unemployment would surge past 3 to 3.4 million in 2010. It peaked at 2.5 million.

He predicted 600-700,000 private sector jobs would be lost by the end of the parliament - WRONG

He predicted a long depression with zero growth and high umemployment - WRONG

He predicted a double-dip recession which he said was "100% certain" - WRONG

He predicted a triple-dip recession in March 2013 - WRONG

He predicted "Slasher Osborne is going to decimate public spending and it will do terible and irreversable damage to the British economy" - WRONG

He said "recovery what recovery?" in September 2013 - WRONG

He said "clearly we are not turning the corner and the misguided austerity policy of a reckless Chancellor with no training in economics unnecessarly inflicted that nasty wound on the Britsih people" Sept 2013 - WRONG

So I now understand why you have such strange views if you and your other left wing "muppets "believe the deranged predictions of this doom monger. Blanchflower and his lefty Keynesians have totally lost the intellectual debate on the British economy.

Of course you will
I'm trying to contribute to the debate but dear old Ajw won't answer for some reason. Do you know why that is?
Or of course I could always revert to the right-wingers tactic of simply making things up? Maybe if I do that and then put the word "FACT" next to it? Or some other word? If I do that often enough I could even convince myself it might be true.

Not quite accurate. Anyone who has a mortgage is much better off than they could have been since 2008 because the world economic crash has meant a record low level of bank interest.

Very few people in Euroland and the USA are better off either.

And we did not have a double did recession or a triple did recession. The initial figures have always to be taken with a pinch of salt as not all the stats are available until some considerable time later when the actual real fugures can be produced.