UK Economy

It was confirmed on BBC breakfast news this morning that for the last quarter, the UK went into recession. To clarify, it was added that taking into account all sectors of the UK economy, for the last three months “the UK economy actually lost money”. That ain’t right is it? We’d have been better off just doing nothing? I thought the point was that GDP growth has become negative. Rather than actual GDP becoming negative. Unless we’re in deeper shit than I thought.

In other news, the fact that the pound is now at a five–year low against the dollar doesn’t fill me full of glee in advance of my forthcoming trip to the US in December.

Labels: economics, news