Consumer demand has been propped up by low interest rates. Flickr/Bank of England. Some rights reserved.
On 30th June 2015, the Office for National Statistics published key figures – set out below with comments – for the first quarter of 2015.
Why the UK’s economy is still grossly out of balance
Investment is low, the trade deficit is growing, and what growth we have is largely driven by ultra-cheap money and asset inflation. This is unbalanced and unsustainable.
By
John Mills
Published:
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