Peter Spencer
Peter Spencer
doubling growth knocked oil percentage point price quarters since three year
On this basis, the doubling in the oil price since 2003 will have knocked something like three quarters of a percentage point off GDP growth during this year alone.
blaming chancellor economic european oil prices recent spike uk weakness
The Chancellor is blaming the UK economic slowdown on the recent spike in oil prices and the weakness of the European economy, but this is unrealistic,
afloat bills both economy expect fuel high higher keeping pay shopping treasury utility
The Treasury can't have it both ways. They can't expect us to pay higher tax, fuel and utility bills while keeping the economy afloat by shopping in the high street.
election forecasts reality step taken towards
With the election well out of the way, the chancellor's forecasts have taken a step back towards reality.