Alistair Darling comes in from the wilderness
Chancellor of the Exchequer Alastair Darling has today stepped in from the wilderness with a suggestion that today's disappointing GDP growth in the UK, for the first quarter of 2010, does not derail his expectations for the full year. He believes that the UK economy will grow by between 1% and 1.5% during 2010 and the disappointing 0.2% growth in the first quarter is wholly expected.
However, quite cleverly, he has turned the argument around to suggest that a Conservative party government would take away much needed support from UK economy and cause further problems in the short to medium term. In effect he is accusing the Conservative party of potentially putting any economic recovery at risk if it is elected into power. This conveniently masks the problems with the UK economy, budget deficits and UK national debt which are now at record levels. So who is right?
The economic picture will remain clouded for some time, until the election is over, with each and every political party looking to make gains over each other. It is difficult to know who to believe with regards to the economy because the Labour Party is focusing upon the Conservative party, the Conservative party is focusing on the Labour Party and the Liberal Democrats are picking up the pieces in the middle.
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