Revised GDP Figure 0.3%

The ONS have revised the Q4 growth figure from a sickly 0.1% to a meagre 0.3%. An improvement but still nothing to be cheery about. What this figure does do though is decrease the chances that on 23rd April Britain will officially be back in a recession. Much of the speculation about an early election was based on this news, the final nail in Brown’s coffin would be a double dip announcement in the last weeks of an election campaign. The odds on an early election were slashed last night, but this news is good for those holding out that the election will be 6th May.


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