UK recovery slowest ever

George Osborne has dodged a second bullet in a week. After learning that borrowing had fallen by a modest £300 million on Tuesday compared to last year, today we found out that a triple dip has been averted with meagre growth of 0.3 per cent in the first quarter of the year.

Osborne dodges a bullet but debt continues to rise

Economic data is coming thick and fast. Sandwiched between last week’s poor unemployment data and Thursday’s forthcoming results for GDP in the first quarter of the year, public finance figures were published today. They show that George Osborne has dodged a bullet.