Saturday 10 August 2013

Signs of an economic upturn

There are two items of good news regarding the economy.  The first is that exports are improving, and the second is growth in the construction sector.

My first point to observe is that the growth in exports is due in large part to exports to countries outside the EU.  This is another example of how unimportant the EU is to the success of the British economy.  We pay billions each year to support the EU, and yet we derive no real benefits from our membership.

My second point is that the construction sector is fuelled by people buying houses, which in turn is largely fuelled by credit.  Credit is a fickle thing, however, and we need to accept that growth founded upon credit may not last long.

My third point is that the upturn in the economy, while welcome, is nevertheless far from satisfactory.  A government which has been in power for three years now ought to be doing a lot better.  To vote Conservative is to vote for failure.

No comments:

Post a Comment