New Eurostat growth statistics show that Britain had a significantly worse time in 2009 than eurozone countries did. The strong trampoline back to growth that the Government is relying on, for their plans for the public finances to add up, looks a long way off.
GDP Growth, % change compared with previous year, 2009
Things could turn out well. But so many of the economic problems we're facing today are the result of overly optimistic banks, politicians and families getting in trouble when their economic fortunes didn't turn out quite as well as they had expected. Surely the Treasury should have learned that lesson and needs to be more cautious?