+++ UK Preliminary 4Q GDP Anaemic +0.1%, -3.2% On Year +++

A rounding error rather than an end to recession…

UPDATE : Reflect that we have had £200 billion of quantitative easing and all we get is this – most of that went on giving foreign gilt investors an exit rather than bank loans to enterprises.  Subtract the mirage of the Keynesian car scrappage scheme from the figures and we are really still in recession.




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