UK Gross Domestic Product (GDP), which is the measure used to look at total economic activity rose by 1.1% for the second quarter of 2010. The figures show that the state of the economy is not as bad as the Lib Dems and Tories are making out. LINK
Manufacturing made the largest contribution to the growth, where output rose 1.6 per cent showing that Labour’s approach to grow our way out of recession rather than cut our way was the viable approach to take for the long term.
It makes one wonder, do we really need a VAT rise? Why change things so drastically when the measures put in place by the previous Labour Government appear to be working?