Alistair Darling is confident the UK has left the session, again!
Yet again Alistair Darling has suggested that the UK economy has left the recession behind and is now moving back towards a phase of economic growth. However, until we see the figures for the fourth quarter of 2009 many people are still sceptical because of past disappointments regarding economic data. Even if it looks, on the surface, as if the UK has pulled out of recession we do need to see cold, hard facts and figures which we can trust!
There is some concern as we approach the next general election that economic data might be released which could put either a negative or positive slant on the UK economy yet prove to be incorrect and potentially amended after the election. Therefore it is vital that any information which is released into the public domain between now and the election is watertight, double checked and treble checked. We could potentially be on the verge of a "false general election" if the views of the electorate are in any way influenced by potentially incorrect and misleading economic data.
Whether Alistair Darling is correct in his claim that the UK has now moved out of recession remains to be seen but after issuing similar claims in the past he must be right at some stage!
Share this..
Related stories
Changing attitudes lead to increase in bankruptcy
Changing attitudes to bankruptcy mean that more people will choose to take out an IVA or go bankrupt, according to an industry expert.Paul White of Belgravia Insurance Consultants said bankruptcy now held less of a stigma and that the process of becoming insolvent had become "easier" in recent years."We're moving towards a more US approach where people say: 'Well that's unlucky' and give you anoth...
Read MoreNow Gordon Brown backtracks on banking bonuses
Gordon Brown stepped into the banking bonus argument with confirmation that the Royal Bank of Scotland will not be singled out with regards to restrictions on bonuses and salaries. This is a roundabout way of saying that the UK government is unlikely to step in and block any suggested bonuses for Royal Bank of Scotland staff, after the announcement that the Royal Bank of Scotland board would have...
Read MoreTesco sets its sights on the financial sector
After reporting pre-tax profits of £1.42 billion for the six months to August 29, only fractionally up on last year's figure, Tesco has revealed plans to attack the UK financial sector and in particular the UK banking industry. Hot on the heels of a decision by the competition commission to block many new store applications and expansion plans, it would seem as though leading UK supermarkets are...
Read MoreGloomy outlook predicted by cebr expert
Job losses will leave the economy "stagnant" this year, an economist has suggested.Charles Davis at the Centre for Economic and Business Research (cebr) said that unemployment would become "increasingly pervasive" in the UK, putting downwards pressure on growth.The expert also suggested that output would fall across the year.This is consistent with the government's own forecast, which predicts a o...
Read MoreGovernment prepares equal pay laws
Women should have their right to equal pay strengthened by new laws, minister for equality Harriet Harman said today.The government is set to beef up the legislation in its upcoming Equalities Bill, which puts closing the gender pay gap at high priority.Under the terms of the Bill, age discrimination is also set to be tackled, with the upper age limits currently imposed by many insurers outlawed.S...
Read More