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.

Cameron’s EU charm offensive will fail

As well as pointing out the flaws in Cameron’s diplomatic strategy, pro-Europeans should embrace an agenda of reform where there is much greater likelihood of progress (and no need for a new treaty). This should include pro-growth and pro-democracy measures as set out in IPPR’s recent publication ‘Staying In’ as well as a closer look at EU rules on state aid, corporate tax avoidance, and access to welfare for intra-European migrants.

The Budget barely scratches the surface of what’s required

George Osborne today made improving infrastructure one of the key planks of his strategy to compete in the “global race”. Any move in this direction is to be supported but the small print of the Budget, as so often, shows that his headline announcement today will barely scratch the surface of what the economy needs to get growing again.