Tag Archives: double dip

David Thorpe

Opinion: Latest consumer data shows new ‘growth strategy’ is not needed

By David Thorpe | Tue 15th February 2011 - 3:47 pm

The advent of 24 hour news channels has led to the media creating a fresh conventional wisdom with every new day.

They started by highlighting the dangers of a double dip recession because the government would cut too fast and too deep. Now, that’s something which Ed Milliband doesn’t even believe if you give credence to his recent appearance on the Andrew Marr Programme.

When the media were airing the cuts too fast argument, I indicated that the danger facing the economy over the medium term would come from inflation.

When the media turned its fire on the danger of inflation, and …

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