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What’s wrong with the economy?
Boosted by the dropping out of the Jubilee Bank Holiday and by sales of Olympics tickets, GDP has turned positive.
Before sending out the party invites, however, it is worth remembering that the economy is only back to where it was a year ago and that GDP has still only recovered about half of the 6.3% it has fallen since the crisis began. The number are first estimates and these are almost invariably revised later.
Why is there no sustained growth five years into the crisis? So much that is spouted about the economy is so convoluted and complex that we have produced our own guide to explain what is going on. Written in conjunction with The Adam Smith Institute and The Cobden Centre, its aim is to cut through the clouds of confusion thrown up by so much of the economic “debate”.
When the Prime Minister, Deputy Prime Minister and even the Chancellor himself get muddled about the difference between “deficit” and “debt”, we felt there was a need for a no-nonsense, jargon-free guide to the mess we are in.
Steve Baker, the chairman of the All-Party Parliamentary Group on Economics, Money and Banking says: “This invaluable guide should be essential reading for anybody wanting to make sense of our economic plight, starting with every one of our MPs.”
If you find it useful, please make others aware of it. And feel free, of course, to bring it to the attention of your own MP.
Download WHAT’S WRONG WITH THE ECONOMY?