[Image: Getty Images.]


The BBC has tried to hide it, but the UK economy is slowing down, with growth down 0.7 per cent compared with 2014.

Apparently it still makes us one of the fastest-growing developed nations. Have you felt the benefit? Or is it confined to those people in the top decile of earners, whose salaries magically double the national average wage?

There has been no “march of the makers”, as George Osborne so alliteratively described what he wanted in 2011. Perhaps he and his fellow Tories should have been a little less keen to sell off or close our manufacturing industries over the last 40 years.

We’re going to have to face the fact that UK industrial output won’t improve until we have a government that understands the value of industry, rather than one that favours the financiers in the City of London.

Osborne and his friends are trying to make sure that never happens, of course.

The UK economy grew by 0.5% in the three months to the end of December, official figures show, taking the annual rate of growth for 2015 to 2.2%.

The Office for National Statistics show an improvement on the third quarter figure of 0.4%.

But the 2.2% annual growth in 2015 was down compared with 2.9% in 2014.

Output in the three months to December was 1.9% higher than a year earlier, down from 2.1% in the third quarter and the smallest increase since early 2013.

Source: UK economy grows 0.5% in fourth quarter – BBC News

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