Winter of disCONtent intensifies as the Mail comments on slowing economy

The Tory NHS crisis and a rapidly-cooling economy are creating a condemnatory attitude among voters – or should that be condemn-a-tory? – with even the Daily Mail unable to hide the facts.

“Gross domestic product – the total size of the economy – increased by 0.6 per cent in the final three months of the year, the National Institute of Economic and Social Research said,” the Mail stated in a recent report.

“That was weaker than the 0.7 per cent growth seen in the previous three months… It means the UK economy grew by 2.6 per cent in 2014 – well below the 3 per cent expected by the Treasury.”

And the article stated: “Builders endured a difficult month with the construction industry shrinking by 2 per cent in November.” We all know the construction industry is one of the main contributors to economic growth, with a higher fiscal multiplier.

Hasn’t the services sector also been in a slump lately? This was the highest-growth area during the Thatcher-Major years (mostly as a result of them closing down or selling off manufacturing industries in a bid to increase worker insecurity and depress wages) so any slowdown here could seriously threaten the UK’s well-being.

But you won’t hear any cautionary words from a Conservative. As far as they are concerned, we are on that ‘road to recovery’ (never mind that the road in their poster is in Germany) with blue skies overhead. The power of denial is very great…

But one day soon, reality will come crashing down on them.

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2 thoughts on “Winter of disCONtent intensifies as the Mail comments on slowing economy

  1. Landless Peasant

    The economy’s not ‘slowing’, it’s dead in the water. Millions of us have no money, and can barely afford the essentials like food and heating so of course the economy’s screwed!

  2. paulrutherford8

    I watched a programme on the BBC iPlayer a couple of nights ago… ‘The Super-rich & Us’.

    One economist on that said that our GDP is in fact skewed upwards due to the money of these ‘super-rich’, giving a false picture of how GDP is in actual fact. So it may have only grown by 0.5% or even less. [don’t know any figures for that]

    Apparently, that’s just one of many reasons why ConDem PLC are trying to attract more of them here.

    If anyone hasn’t seen the programme, dubbed a Labour Party Political Broadcast by at least one Tory ‘tweeter’, its quite interesting… and obscene!

    http://www.bbc.co.uk/iplayer/episode/b04xw2x8/the-superrich-and-us-episode-1

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