Tag Archives: British economy

UK; Triple-dip recession

By Leon J Williams

British pound flagPutting aside for a second the failings and flaws behind the almost universal concept that a successful government is one that increases GDP the most.

The UK’s right-wing coalition government is a failure, its economy has contracted by 0.3% in the final quarter of 2012, worse than expected. The previous government, the ever increasingly unpopular centralist Labour Party (led by Gordon Brown) warned before the last General Election that if the winners of the election didn’t pursue a course of investment and instead pursued a course of austerity and welfare cuts that the country would experience a double-dip recession.
Needless to say the right-wing coalition government who won the election ignored the advice and did indeed plot course for austerity and cuts and the result is even worse, not only did we have our double-dip recession but now we enter a triple-dip recession, course set for stagnation, no opportunities, poverty and general hardship.

It is painfully clear that the UK government is following an ideologically driven agenda that aims to make the rich richer and the poor poorer.