Tag Archives: janan ganesh

Hollande’s affair – do you care? *Gallic shrug*

The President of France, Francois Hollande, held a a long-planned news conference today to launch policies to help France’s struggling economy. Along with cuts to government spending, he plans a ‘responsibility pact’ to incentivise firms to hire workers, and… oh, I’m sorry, am I boring you? You’re only interested in his liaisons dangereuses, the reported affair he’s having with the actress who is not his First Lady? If so, then you’ve a lot in common with UK journalists…

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“We’re not in recession”. And no, that’s not the claim of anyone in the Coalition.

Hamish McRae, an economist and associate editor of The Independent, has been claiming for some while now that the official figures aren’t reflecting the reality of the economy. A week ago, he made the bold statement that the UK is not in recession:

The British economy is becoming more and more interesting. This week we have had two positive surprises … the fall in inflation to 2.4 per cent, a much sharper decline than expected, with the prospect that it may be below 2 per cent by the autumn … a further fall in unemployment on the

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