Monday, 21 March 2011

1% GDP growth in 1st Quarter?

The expected £8bn tax windfall the Chancellor may expect for 2010/2011 may be supplemented by a spurt of GDP growth in the last quarter of the financial year when figures are revealed in late April that may be as high as 1% - when the official forecast for GDP for the whole of calendar 2011 is just 1.8%. 

Not an excuse for a Brownite splurge, but perhaps a slight easing of fiscal pressure. 


Elby the Beserk said...

Indeed, and it will also provide a large gobstopper with which to stop the Balls gob.

Blue Eyes said...

Agree with Elbly - I will love to hear what that (deleted) Balls has to say when the economy starts growing again properly.