Disappointing GDP figures could prove disappointment for Labour too
Today’s GDP figures are obviously disappointing for the Coalition parties, but don’t assume that he political effect is good news for Labour.
Gross Domestic Product grew by just 0.3 per cent in the first quarter of this year, compared with 0.6 per cent for the final qurter of 2014. This is the slowest rate of growth in more than two years. Experts had predicted 0.5 or 0.6 per cent.
In one way, of course, the new figure undermines David Cameron and George Osborne’s claims to have achieved economic recovery. But I’m not sure Labour might benefit that much in extra votes, if at all.
On the contrary, voters may conclude that amid greater uncertainty, it’s even more important to stick with the devil they know.