Huge gilts row barely registers as the UK sleepwalks into stagnation
Jul 30 2009 The Telegraph
The political classes obsess over the Norwich North by-election and Labour's slow-motion hara-kiri under Gordon Brown. But the news that really matters - the economic news - keeps flowing thick and fast. And it's far from reassuring.
UK output shrank 0.8pc between April and June - far worse than the average 0.3pc slump predicted by City economists. All parts of the economy - apart from the public sector - are now in recession.
This was the fifth successive quarter of GDP contraction, with output down 5.6pc since the spring of 2008 - more than double the depth of the early 1990s recession and the steepest peace-time fall since the early 1930s.
http://www.telegraph.co.uk/finance/comment/liamhalligan/5906778/Huge-gilts-row-barely-registers-as-the-UK-sleepwalks-into-stagnation.html
30
July
Huge gilts row barely registers as the UK sleepwalks into stagnation
Jul 30 2009 The Telegraph
The political classes obsess over the Norwich North by-election and Labour's slow-motion hara-kiri under Gordon Brown. But the news that really matters - the economic news - keeps flowing thick and fast. And it's far from reassuring.
UK output shrank 0.8pc between April and June - far worse than the average 0.3pc slump predicted by City economists. All parts of the economy - apart from the public sector - are now in recession.
This was the fifth successive quarter of GDP contraction, with output down 5.6pc since the spring of 2008 - more than double the depth of the early 1990s recession and the steepest peace-time fall since the early 1930s.
http://www.telegraph.co.uk/finance/comment/liamhalligan/5906778/Huge-gilts-row-barely-registers-as-the-UK-sleepwalks-into-stagnation.html