Doubling Dip: is it the government’s fault?

So, Britain is officially in a ”double-dip” recession, just. In reality this is both more and less serious than it sounds. It is more serious because we are still a good 4% of GDP lower than we were at the start of the financial crisis in 2007. And that is probably between 10% or more below where we would have been if not for the banking crisis. Continue reading