Comrade Supreme Leader Brown has put his handling of the economy centre stage; he portrays himself as a “safe pair of hands”.
This week the office of national statistics released our paltry growth figures. The UK economy grew at an anaemic 0.2 % in the quarter to 31st March. That is 50% decrease in the low growth of 0.4% to the end of December. So it appears that the economy is heading back into recession.
UK National Debt stands at a staggering £890 billion. This year our Government overspent by £163.4 billion, almost double last year. As a proportion of national output, our public borrowing is even higher than that of Greece.
To add to this worrying picture, inflation is beginning to rear its ugly head. The Retail Prices Index rose to 4.4%.
It doesn’t exactly fill you with confidence over the handling of the economy. The same old solutions don’t seem to be working. I think we need someone with some new ideas about how to tackle this problem.
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