Friday 23 July 2010

Growth and the power of Chancellors

Good news on the economy today, with provisional figures showing 1.1% growth in Q2.  The BBC reports George Osborne saying this proves he was right to deal with the deficit.

I do wonder how omnipotent Chancellors think they are when they say things like this.  Osborne's actions as Chancellor won't have had such a strong and immediate impact in June that they could possibly have affected figures for April, May and June together to this extent.

This kind of bluster in the media does no favours for honesty or transparency.  Spin was never going to go away, but I am still a bit disappointed...