The fact is, UK GDP has not recovered since the onset of troubles in 2008, despite the happy talk of "recovery" in Newspeak which must not call things what they really are, for example, here, at CNBC.com:
"Britain's economy contracted by 7.1 percent during its 2008-2009 recession and recovery since has been slow, with headwinds from the euro zone debt crisis, government spending cuts, high inflation and a damaged banking sector.
"Wednesday's data showed that output was still 4.3 percent below its peak in the first quarter of 2008, and the economy has only grown by 0.4 percent since the government came to power in the second quarter of 2010."
For the chart, the dark blue line in which shows the current decline in the UK since 2008 still 4 percent down more than three years on, see the UK Guardian here.
It's not a paler shade of gray, dammit. It's a faker form of black . . . on the Firth of effing Forth.
It's not a paler shade of gray, dammit. It's a faker form of black . . . on the Firth of effing Forth.
