So we’re back in recession. It’s now roughly six quarters since the much heralded “spending review”. Let’s take a look at UK growth in the last six quarters:
That’s what some might euphemistically call “negative growth”. That’s the Osborne Effect.
6 quarters. 18 months. A failing economy.
In total Osborne has been in charge of economy for 7 quarters. The economy has shrunk in 4 of them.