The OBR, the Office of Budget Responsibility, is stuffed full of economists. The good news, if you’d like some straws at which to grasp, is that most economists, for all their graphs and stats, don’t have a clue what’s going to happen. How many predicted the banking crisis, and then thought austerity was actually a good idea? Virtually none and most, is the correct answer. So maybe this time around it’s the few positive thinkers to whom we should be listening, those who say it won’t be as bad as we think and there is hope of prosperity for all, despite war, inflation, food poverty and rocketing fuel prices. I’ll let you know when I find them.
“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.
