British Economy Is WORSE than During the Great Depression

Bad Policy Has Us Stuck In the Mud Leading British newspaper the Telegraph reports today: Ministers today admitted Britain is facing “very, very grave difficulties” after figures showed the economy did not grow at all in 2012.   ***   Economists from the Royal Bank of Scotland said the last four years have produced the worst economic performance in a non post-war period since records started being collected in the 1830s.   ***   “It’s the worst economic performance since at least 1830, outside of post-war demobilisations,” he told The Daily Telegraph. “It’s worse than the 1920s, it’s worse than the Great Depression.”   He said the economy has been “heading this way for a long time” because of the scale of the problems that came to a head in the 2008 financial crash.   ***   The top econom...