Tuesday, 26 January 2010

UK Limps Out of Recession

The last major economy in recession finally emerges into growth by a weaker than expected 0.1%. Labour spin will no doubt now go into overdrive at this 'good news' and Dizzy argues here that Brown may even consider an early election. Brown will be in for a shock if he thinks that the voters' will be grateful to him, or Labour, for today's news.

Update: Guido has his take here; it's a rounding error.

Update II It seems that I was rather over-optimistic about Labour's spin, there's a lack of crowing on the airwaves, Brown in particular is noticeable by his absence. The economic figures are not good then.

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