Double Dip Anyone?

Following the longest recession in history Britain posted its first-ever budget deficit for the month of January.  Usually January is a bumper month for tax receipts.  Unfunded government over-spending was £4.3 billion, when consensus economists were forecasting a £2.6 billion surplus, according to the median of 16 forecasts in a Bloomberg News survey.

Don’t rule out a double-dip recession.  With neither the Conservatives or Labour offering policies to kick-start consumer spending and GDP growth, we could be in a lot of trouble…



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GuidoFawkes Quote of the Day

Miliband is asked if he knows what ‘Yolo’ means by Time Out:

EM“No. What does it mean?

TO: “It stands for You Only Live Once.”

EM: “Is that right? That is a good philosophy for politics! It’s about a sense of adventure and doing what you want. Wow! I’ll use it from now on!”

TO: “Please don’t.”

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