Growth, not the deficit, will define the economic debate in 2012

Published Sat 21 Jan 2012
George Osborne reminded us earlier this week that figures for GDP growth due to be published on Wednesday could show the economy contracted in the final quarter of 2011, though he was quick to point out that he had not yet seen the figures, nor was he making his own forecast; he was simply restating the view of the independent Office for Budget Responsibility (OBR).
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