"The NHS will last as long as there are folk left with the faith to fight for it"
Aneurin Bevan

Thursday, 8 July 2010


Just before the budget the OBR thought that growth for 2011 would be 2.6 per cent.

Then, for the budget, the OBR revised the growth figure to 2.3 per cent.

Now the IMF have produced its forecast for the UK and they reckon that growth will be 2.1 per cent (down 0.4% on its previous forecast).

See a trend? As a country we are in decline, and the Conservative policies are the cause.

UPDATE: Stephanie Flanders has more to say on her blog:

Back in April, the Fund was expecting the UK economy to grow by 2.5% in 2011. In today's update that prediction has fallen to 2.1%. The forecast for 2010 has been nudged down as well - from 1.3% to 1.2%. This is at a time when the global growth prediction for 2010 has been revised up by 0.4 percentage points, to 4.6%. The Fund doesn't spell out why it is now more gloomy about the UK, but I am assured that last months' Budget is the reason

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