Looking at today’s BBC website it’s obvious why people will discount any stories about “economic growth has resumed” or green shoots of recovery.
Just look at the conflicting stories. Gordon Brown to talk of cuts in public spending, BAe Systems to cut 1,116 jobs, while the Bank of England says growth “has resumed”.
People aren’t stupid, they know their best policy is to cut back on spending and build up savings, where they can, in case of unexpected redundancy.
To read more on each story,
- Mervyn King on growth has resumed
- BAe Systems job cuts
- Gordon Brown on spending cuts
