Wednesday, April 27, 2011

Rebalancing the economy

Just wanted to quickly share this little tidbit that the Spectator pointed out from CitiBank showing how the government really is managing to rebalance the economy towards exports and private sector investment. Whilst the two Eds (Ball and Milliband), and of course Gordon Brown believe that the only way out of a recession is public sector spending Osborne and Team and proving that it doesn't have to be the case.

The ONS has just released the Q1 GDP growth figures (0.5% growth), however the underlying figures show that the rebalancing of the economy is working. Manufacturing up 1.1%, Services up 0.9% and production up 0.4%.

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