Obama vs Osborne – we’re still miles behind the US recovery

George Osborne might want to wrap up the victory lap he’s been doing since yesterday’s GDP figures were released. Compared to the US economy, we’ve hardly had any growth at all.

Here’s the UK economy compared to the US over the last 12 months:

The last twelve months have been tough though, so lets take a longer view. here’s the last 24 months:

Oh dear. Well at least we’re nearing our pre crisis peak, aren’t we? No. We’re still way behind, and the US is way ahead:

More from LabourList

DONATE HERE

Proper journalism comes at a cost.

LabourList relies on donations from readers like you to continue our news, analysis and daily newsletter briefing. 

We don’t have party funding or billionaire owners. 

If you value what we do, set up a regular donation today.

DONATE HERE