Britain was shamed yesterday by official figures showing it was the only country in the G20 group of the world's most powerful economies still in recession.
Canada, the other country lagging behind the rest, had resumed growth in the three months from July to September, going up 0.1 per cent. This has left Britain as the only G20 country where the economy is still contracting.
The Office for National Statistics said last week that between July and September Britain's economy slipped 0.3 per cent, compared to the previous three months. It is the longest recession in the UK since records began in 1955, with the economy having contracted for six consecutive quarters. The G20 of finance ministers and central bank governors was established in 1999 to bring together 'systemically important' industrialised and developing economies to discuss the economy. They range from America and Russia to Mexico and South Africa.
This is the man, who, as Chancellor, claimed to have destroyed BOOM AND BUST and claims to be the LEADER OF THE G20. Well you're certainly the LEADER NOW BROONIE, BUT FOR ALL THE WRONG REASONS!
2 comments:
What on Earth would we need to be a world-leading economy for, DL? Man, that is so 20th Century. Get up to date: failure is the new pink. Or something.
Edgar, man, cool. We'll just leave all the oil in the ground until Scotland get's independence in about 50 years time and it will be worth more! Brill idea, failure R'US. or something (:-)>
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