IS THE ECONOMY GOING INTO RECESSION? No. It's been in one for the past two years. When the Government borrows money to pay for more beaurocrats/traffic wardens and Failed NHS IT systems and abandonned council tax reviews, they say that the money spent is growth in the economy. That's like claiming that your income went up because while you were out working, your spouse borrowed money to hire a housekeeper to do their job, so that they could go off and buy a broken computer on your credit card. Employment went up, there was an investment in the "knowledge" economy. We'll have to pay for it sooner or later... Gordon can run but he can't hide. |