Growth forecast almost as good as when Labour were in power

Forecasters have predicted that the UK’s economic growth for the last quarter will have risen to 0.9% – up from 0.8% in the last quarter. While this is very good news, and we can all welcome an increase in growth, it is worth noting that this is the highest quarter of growth since the second quarter of 2010 – or in other words, when Labour left office.

Labour left the Tories with a recovering economy, and quarterly growth of 1%. By the end of 2010, the economy was contracting again, at -0.2%, and it has now taken four years to get almost to the level of recovery that Labour had left behind. Congratulations George.