UK is in recession, and idiot schoolboy George Osborne assures the people that the beatings will continue.
...adding, unlike US figures, these are not annualized so it's worse than it sounds.
9.39am: George Osborne has put out a statement reacting to the news saying the UK economic situation is very tough and is taking longer than hoped to recover. But he won't be swayed from Plan A.
The one thing that would make the situation even worse would be to abandon our credible plan and deliberately add more borrowing and even more debt.
He says paying off the debt is harder as Europe nears recession and notes that the UK faces the "biggest debt crisis of our lifetimes".
Because it's WORKING DAMNIT!!!!
In all 8 quarters since the Chancellor arrived at Number 11, economy has grown 0.4% vs 4.3%* predicted by June 2010 deficit reduction plan
The cunning plan of growing the economy by making sure that nobody but rich people has any money will work! It cannot fail, it can only be failed!