Wednesday, March 28, 2012

Fortunately There's A Policy For That

You know.

Britain's economy was even weaker than expected at the end of last year, underlining the country's struggle to avoid another recession.

GDP fell 0.3% in the fourth quarter, more than the 0.2% drop previously estimated by the Office for National Statistics. The downgrade was mainly prompted by weakness in the country's dominant services sector.

The people in charge in the UK really claim to believe that the only thing that matters is the interest rate at which the government can borrow.