Thursday, July 25, 2002

Are the British stopping shopping at last? Possibly, but the fall in June must have something to do with the extra bank holidays and the world cup final.

Looking more fundamentally, which is something the BBC never does in its news articles (question: why is the BBC's economics and business coverage so poor? Surely it can't still be Peter Jay's fault now they have Jeff Randall. I suggest it's more to do with a BBC culture of disliking business and economics), GDP in the UK hasn't grown since Q3 2001, so at some point consumer spending must grind to a halt, especially given the amount the government is planning to ramp up its spending.