Ooooh look

[Suff]

the ONS revised their figures UP again.

Apparently it's now OK to talk about the UK recovering, the economy being strong, house prices stabilising and rising. Housing and building growing. Exports up.

Apparently the coalition and especially Osborne, are doing the right thing.

Did it just reach the stage that the press had no other option but to stop having a go at Cameron and Osborne? Did they finally realise that Miliband and Balls are "more brown and blair" with a social lie....

I wonder. My story has never had to change. So I wonder how these paragons of UK freedom of speech justify their U turn to themselves?

[Workingman]

I have been consistent in saying that I do not like the system of revisions this way and that.

ONS should crunch the numbers, crunch them again, and again, then come up with a near as possible accurate final figure. All these intermediate figures do, whichever way they go, is fuel uncertainty.

The latest figures are good news and we should make the most of them.

[cromwell]

The BBC were nearly in tears.
One of their "experts" said that we won't fully have recovered until we get back to pre 2008.
What? To just before the debt-fuelled boom went bust in the biggest way?
All Labour can do is just to keep repeateding "Hard pressed families... the government should be doing more....". Yes people are hard pressed, mostly because Diamond Jim Brown and Ed Balls left the country totally in the mire.

[Workingman]

The BBC has a couple of "experts" in Stephanie and Robert who delight in talking the UK down and are given every opportunity to do so.

It wouldn't be either of those would it Cromwell?

[cromwell]

Strangely enough Stephanie seems to be absent when this good news is put out! It was Hugh Pym, I believe.

[Workingman]

Ah! Liberal leftie, journeyman economics journalist and PPE graduate. Nuff said.

[Suff]

There has been a trend, ever since Cameron came to power, of the press rubbishing what they are doing. If we're still in recession it's because of Osborne, not that idiot Brown who took the country to a fate worse than 1929. If we're estimated to make growth of 0.5% and we make 0.49, it's a disaster and it's all Osborne's fault. No matter what the rest of the world is doing.

But, finally, we've come in stronger than predicted, house prices are rising again, even though they never lost all of the debt fuelled gains they made under Brown. The country has something to look forward to and things are on the up. The press has nowhere to turn. Everywhere they look the signs are good. When the "green shoots of recovery" were mooted 6 months ago the press rubbished it.

The only avenue left to them is to say that we are below the 2008 bust. But, then again, not that far behind and also there was no boom to stoke it.

I have some very cautious optimism that by 2015 the economy could be strongly on the up, housing market thriving and people looking forward to a brighter future. Nothing could be more damaging to Labour.

But I do say cautious. The EU will not like this. They will do everything they can to stop us as we can't do better than Germany, it's not allowed. Germany is the manufacturing engine of the EU end of story. However the mainly EUskeptic press will jump on that one like a terrier on a rat....

Some interesting things to watch over the next two years.