Britain to discover if it is in a double-dip recession
Posted by seumasach on April 22, 2012
The challenge for the Government will be to persuade the country that there are some potential bright spots in the economy, particularly in the services, retail and manufacturing sectors.
As this article reveals, it is not so much about persuasion as data management: lies, damned lies and statistics The economy is in a death spiral but this reality must be kept out of the public domain at any cost: the victims suffer in silence. Three things will expose the terrible reality: a run on the pound, a run on UK government bonds and a run on the banks.
21st April, 2012
The Chancellor will enter Tuesday morning’s Cabinet meeting armed with the knowledge of whether or not the economy shrank in the first quarter of the year. The rest of the world will have to wait a further 24 hours until 9.30am on Wednesday to find out.