The reason France has gone into double-dip recession | Ann Pettifor

This isn’t a uniquely French problem – EU nations of various political hues are in trouble because of a fixation on austerity Today’s BBC headline fairly trumpets the news: “French economy returns to recession”. Funny how we Brits seem happy if our trans-Manche neighbours are doing a wee bit worse than we are. Especially if […]
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When is a recession not a recession? | Heather Stewart

ONS number crunchers now argue the three quarters of declining GDP in 2011/2012 may not have made a double dip When is a recession not a recession? According to the Office for National Statistics, when the economy is “broadly flat”. Fresh from announcing that Britain has escaped a triple dip, the nit-picking number-crunchers are now […]
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UK GDP since 1955

Gross domestic product is the economic output of Britain. See how it has changed over time• Get the data• Interactive chart: How does this recession compare?• Chart: GDP change since 2008 We’ve just escaped a triple-dip recession: GDP for the last three months rose by 0.3%. If the economy had shrunks again in the first […]
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The error that could subvert George Osborne’s austerity programme

The theories on which the chancellor based his cuts policies have been shown to be based on an embarrassing mistake It was a mistake in a spreadsheet that could have been easily overlooked: a few rows left out of an equation to average the values in a column. The spreadsheet was used to draw the […]
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