Jeremy Peat for Starters, There Are Two Key Points To... Headline]

The HeraldJuly 27, 2011

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Summary


Jeremy Peat

For starters, there are two key points to get across. The latest UK GDP data are deeply disappointing in terms of the overall level and the balance of growth. Nevertheless, there will be no Plan B, at least on public expenditure plans, so far as the Chancellor is concerned. He is dead set on continuation of Plan A, seeing his credibility as being at stake; and Mr Osborne has genuine worries about the potential impact on markets of being seen to wobble while the eurozone bond crisis and US uncertainties continue.

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Jeremy Peat for Starters, There Are Two Key Points To... Headline]

The data demonstrate two ke...

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