UK not performing too well in the GDP growth championship

Explaining Britain's abysmally low growth, Ann Pettifor pushes a metaphor to its logical conclusion.

Team UK coach Georgie “Best” Osborne blamed the opposition and tournament organisers for the UK’s shocking performance over the last year, with the UK team sitting third from bottom in the GDP Euro League – just above Greece and Cyprus.

He complained:

“We felt our defensive austerity tactics would pay dividends against more stimulated opponents, but then they all started to use the same negative growth tactics and that gave them an unfair advantage over us. But the other teams can and must learn a great deal from Team UK’s recent performance.”

The UK Youth Team has also hit a bad patch, which Under-24s coach Chris Grayling likewise blames on the other European teams.

He said:

“Our latest results show just how much our team’s confidence is being affected by the crisis in the Euro League, our European partners must take urgent action to stabilise the position.”

Meanwhile German coach Angela Deutschmerkel told her home fans that the EU League’s rulebook needed to be tightened up, and hinted that some teams might be expelled from the league altogether if they did not accept her proposed rule changes.

The league table for Q3 2011:

The league table for Q2 2011:

See also:

Osborne set to borrow billions more than Darling was projected toDaniel Elton, November 16th 2011

Unemployment is no better for the Scottish government than for the British oneMatthew Pitt, November 16th 2011

Million young unemployed figure highlights enormity of the situation hitting our youthRory Weal, November 16th 2011

Inflation is worse for the worst offAlex Hern, November 6th 2011

Misery on the rise, while demand for jobs is fallingRichard Exell, June 8th 2011

Like this article? Sign up to Left Foot Forward's weekday email for the latest progressive news and comment - and support campaigning journalism by making a donation today. 

9 Responses to “UK not performing too well in the GDP growth championship”

  1. Michael

    UK not performing too well in the GDP growth championship l Left Foot Forward – http://t.co/AjL6LX1r

  2. Political Planet

    UK not performing too well in the GDP growth championship: Explaining Britain's abysmally low growth, Ann Pettif… http://t.co/gXyQX1Rv

  3. Prime Economics

    Okay this is silly. But… @leftfootfwd: UK not performing too well in GDP growth championship: http://t.co/AxirlAx9

  4. Ann Pettifor

    Okay this is silly. But… @leftfootfwd: UK not performing too well in GDP growth championship: http://t.co/JNcrOOst

  5. Alex Braithwaite

    RT @leftfootfwd: UK not performing too well in the GDP growth championship http://t.co/IUSTqIds

  6. Oxford Kevin

    I’d not pay too much attention to the performance of the Baltic counties, their slump was so bad that even after these good growth figures they are still further below their pre-recession economic levels than pretty much all the countries on the list except Greece.

    Just comparing the UK against Germany, France, Austria & The Netherlands is enough to recognize how badly we are doing. If the eurozone crisis as the Tories like to keep claiming has already done so much damage to the UK economy why are these eurozone countries doing so much better than us?

    Kevin

  7. TheCreativeCrip

    UK not performing too well in the GDP growth championship, writes @AnnPettifor: http://t.co/67R0G4EC

  8. Newsbot9

    Belgium doesn’t have a government, and yet it manages to grow 1.8% quicker…

  9. When does economic growth benefit people on low to middle incomes – and why? | Left Foot Forward

    […] also: • UK not performing too well in the GDP growth championship – Ann Pettifor, November 17th […]

Leave a Reply