Are we going for the double dip recession?

I don't think David Cameron and George Osborne will be happy bunnies with today's
disappointing quarterly GDP's figures. I suppose blaming the bad weather is a pretty lame excuse. With a limited manufacturing sector it would always be a big ask. The 0.5 pct fall in GDP joins the shocking inflation figures with economic commentators saying the Bank of England has lost the plot. The British central bank is certainly behind the curve and can only keep its fingers crossed.

Sorry for the long New Year/Xmas break!!

Dear Readers, sorry for the long New Year/Xmas break!! I have been having problems with things such as the black dog and with how many promises the Coalition government can break. Today's unemployment figures are disappointing and it was naive of the Cameron-Clegg administration to think that the private sector in the UK would take up the jobs lost in the public sector.

Over the Xmas period I was in Spain and we share similar problems such as very high youth unemployment. Our relatively flexible labour market has not been able to sort out this problem either.

Apparently, the Spanish economy is so troubled that the number of non-European Union workers has actually gone down. On the Easyjet plane back it was 95 pct full of Spanish passengers, who looked like they were coming back to study or to work. It is going to be tough going for our own youngsters (English ones), who are discriminated against in terms of university fees and job opportunities.