The UK economy
I had a conversation on email with a UK journalist yesterday who said that although his newspaper editors knew that the stories they were putting out on the economy weren't particularly accurate, to be perfectly accurate wasn't newsworthy.It's worth noting then that the IMF forecasts that the UK economy will be the fastest growing of the G7 in 2008. I have no idea whether the IMF will be right or not, but I certainly cannot offer a better forecast, and I am surprised so many people in the media believe they can. Unemployment fell in March, albeit by just 1,200, and so although it is clear there are bad times ahead, it is somewhat strange that the news media has decided we are already in an economic crisis. Reading the BBC website the other day I half expected to see some men from Jarrow marching past the dooar. I think it's basically to do with the fact that in the UK press - at least the national one - there is amost no distinction made between City news and economic news. Obviously what happens in the City is of enormous importance to the UK economy, but it is not the same thing.
Labels: The Emergency
posted by Matthew @ 4/16/2008 09:18:00 PM
Comments: 3
