Britain’s ‘recovery’ went into reverse today, a “stunning blow to the Government” according to the Evening Standard. Howard Archer of IHS Global Insight said: “This is a stunningly bad outcome”. Hetal Mehta of Daiwa Capital Markets Europe said: “This is an absolute disaster for the economy”.
George Osborne said: “There is no question of changing a fiscal plan that has established international credibility on the back of one very cold month. That would plunge Britain back into a financial crisis. We will not be blown off course by bad weather”.
Baldrick Osborne might well have said: “I have a cunning plan” or perhaps “Crisis? What crisis”.