Bad News, Good News

With a load of economic data out this morning the pound is off 1% against the euro, the Purchasing Managers Index is down sharply, mortgage lending is down 70% year on year, credit card borrowing is up, PWC have research out saying Briton’s are now personally £1.5 trillion in debt – yet Gordon wants them to spend, spend, spend more.

It is not all bad news though, Guido is short the FTSE….




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Quote of the Day

Via the FT’s Jim Pickard: Seumas Milne’s idea for Labour election catchphrase:

“The Tories are the real extremists.”

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