I was asked to submit evidence to the Political and Constitutional Reform Committee for its Inquiry into the effects of the Fixed Term Parliament Act 2011. Here is the paper I submitted which is now published on their website
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.
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