Tuesday, 26 January 2010

Recession is in recession

So, it’s over. The recession that has officially lasted 18 months (but has in reality been around for about 3 years) is now at an end. Last quarter saw a 0.1% growth in the UK economy.

0.1% growth? The only things I see growing are my council tax bill, utilities bills, fuel bills and shopping bills. So yes, some corporations are raking it in and "growing".

But me? My salary is unchanged. I still have to pay ever increasing bills. On top of that, the government keeps coming up with ever more inventive ways of increasing taxes and duties to pay back the £178bn of debt it has created and to fund £900bn of civil service pensions, not to mention Jacqui Smith's husband's porn habit.

Doubtless Brown and Darling will wobble on about how they have successfully steered us through the murky financial waters and that the Promised Land is now on the horizon. The fact that we shouldn’t have gone through the waters in the first place and shouldn’t have stayed in them for so long will soon be forgotten in a blizzard of good news spun out by this discredited government.

A statistical growth means nothing, especially an insignificant one of a tenth of a single percentage point. The country will not start to feel more confident until there is a change of Prime Minister, either from the incumbent party or preferably from a different one.

No comments:

Post a Comment