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Re: 'Shock' Contraction in the UK economy
Some words from the previous but one leader of the Labour Party and PM
Quote:
I think the first think you've got to do is take a cold, hard, long look at the figures and work out what they really mean.
I don't think anyone quite knows what those figures mean at the moment, frankly. We did have a spell of really, really bad weather in the UK. That must have had an impact on the retail sector. I just don't think you can tell.
Look, the issue for the UK is very simple. It's about reducing the deficit, but reducing it in such a way that you don't choke off growth in the economy. Personally, I regard that not as left/right issue. It's a matter of judgment. And it's for the government of the day to make that judgment.
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