From time to time, I’ve run a credit check on myself, even if I don’t want to borrow money (I know, a bit like putting on a suit to sit around at home. Is it just me?) Anyway, just tried it again, and I’m proud to say that my credit score is currently better than that of our whole nation. According to rating agency Moodys, economic growth is low, the government’s making a mess of things and we won’t have the EU to bail us out. Bear in mind, however, that it was Moodys which gave Lehmans an ‘A’ rating until the day before they went bust in 2008. And they’re American.
“UK slips into recession as economy contracts 0.1% in December”
This week’s big economic and bad election news is that we are, or certainly have been, officially in a recession. You may not have thought you were, or you may have thought you have been for some time, as we and its effects are all different.