Anyway, the economy will ‘grow’ (in my version of the language, that means ‘get bigger’) over the next twelve months, by 1.1%. That’s a positive rather than negative number. So why is it bad news? And how does ‘growth’, however meagre, reconcile with all those other negatives? How come, for example, unemployment is rising whilst the economy is getting a bit bigger? And how come we need to borrow more whilst we’re brutally slashing our outgoings?
I have pondered before the question of whether it makes sane sense to base all our policies and expectations on the premise that economies can, and must, go on getting bigger and bigger, for ever, or be doomed. But that’s for another day. For now, I just don’t get it. And guess what, I don’t think they do either.