British Economy Is WORSE than During the Great Depression
January 25, 2013 - 8:08pm
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...
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