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The country is frozen and without economic growth despite the efforts of the porky controller and his chief engineer in the signal box.
Updated: 7th August 2014. The country has achieved an estimated return to growth in Gross Domestic Product ie. that the amount of economic wealth produced by the end of July 2014 exceeded that of January 2008 (the point at which the recession/depression is widely acknowledged to have started to appear in official statistics). The FT has a report here (registration may be required).
The Opinions of Tobias Grubbe for 10th December 1712 is published at this window. His patron Journalisted from the media Standards Trust where you may read all about them.
The Chancellor of the Exchequer George Osborne is to make his long awaited Autumn Statement this afternoon. It is unlikely to be happy news for anyone – but it also seems there will be no change in course regardless of the consequences.
Following the revelations about the life of children’s entertainer Jimmy Savile the UK media is full of stories about conspiracies and cover ups for similar behaviours by other members of the wealthy and powerful.
Global corporations, including banks, insurers and even hot drinks franchises, are in the firing line too with allegations of corporate tax avoidance appearing ahead of the Chancellor’s Pre-Budget Statement. This is due in early December.
