Even the BBC has noticed that Britain's economy is starting to recover.
No room for complacency, but as the Chancellor prepares to deliver his autumn statement he can take some satisfaction from knowing that even the BBC has acknowledged that Britain is turning the corner.
An article by the Chief economics correspondent of BBC News, Hugh Pym, which you can read here, acknowledges that Britain has experiened a "rapid improvement in the economic climate."
As the article also points out,
"The triple dip did not happen. The double dip was even revised away after the ONS calculated that output was flat in early 2012 rather than falling, as had first been thought.
"As spring turned to summer, the UK economic climate brightened rapidly and independent analysts started revising up their growth forecasts for this year and next.
"In March, the average UK growth forecast, measured by Consensus Economics, was 0.9% for this year and 1.6% for 2014. By November, these had been pushed up sharply to 1.4% and 2.3% respectively.
"Bank of England governor Mark Carney was able to tell a media conference in November that the UK was growing faster than any other advanced economy."
However, the chancellor is right to avoid triumphalism. I gather from the BBC article that
"He will stress there is still a job to be done and that the task of ensuring a responsible recovery is not complete."
And rightly so.
An article by the Chief economics correspondent of BBC News, Hugh Pym, which you can read here, acknowledges that Britain has experiened a "rapid improvement in the economic climate."
As the article also points out,
"The triple dip did not happen. The double dip was even revised away after the ONS calculated that output was flat in early 2012 rather than falling, as had first been thought.
"As spring turned to summer, the UK economic climate brightened rapidly and independent analysts started revising up their growth forecasts for this year and next.
"In March, the average UK growth forecast, measured by Consensus Economics, was 0.9% for this year and 1.6% for 2014. By November, these had been pushed up sharply to 1.4% and 2.3% respectively.
"Bank of England governor Mark Carney was able to tell a media conference in November that the UK was growing faster than any other advanced economy."
However, the chancellor is right to avoid triumphalism. I gather from the BBC article that
"He will stress there is still a job to be done and that the task of ensuring a responsible recovery is not complete."
And rightly so.
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