Pre-Budget Misery Index Update

Despite a sharp jump in the Public Sector Net Cash requirement year on year, a fall in inflation as the VAT hike falls out of the calculation means we are a little bit happier than we were at the beginning of 2012. With the Unemployment Rate still high, we’re hardly dancing in the street though…

N.B. Stats bods can check Guido’s adding up here

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Quote of the Day

Ken Livingstone deployed a corker on TalkRadio this afternoon…
“I joined the Labour Party 50 years ago this month and in all that time I have never heard a single anti-semitic comment.”

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