... In reality the "posh boys" actions' have been designed to slash any service provided to 'ordinary people' and put fear amongst 'the peasants' (e.g. a 'sack at will' strategy) to maximise the ability of the ultra-rich to exploit them. According to recent reports these people have not seen a recession at all, with their wealth continuing to rise. These immoral spin doctors previously 'spun' the idea that the introduction of the 50% top rate of tax resulted in massive tax avoidance by the ultra-rich (by them pulling any pay forward - a known, but one-off, opportunity), and used this argument to remove it altogether, yet this action perversely allowed them to do the same sort of thing again (by putting pay back a year this time)! Again you couldn't make this stuff up ... yet the gullible British public accept it, and the culpable/incompetent British press/journalists (e.g. BBC) do not bring them to account either!
These PR merchants, rather than truly trying to stimulate growth, actively try to blame everyone else for the lack of growth, so they can continue their immoral plan ... and from this point of view Europe's current woes create 'the perfect platform' for the Government - occurring at just the right time for them (nb exports to Europe have been going up, not down, so their arguments that Europe is causing the problem are again mostly spin)!
These PR merchants also tried to put fear into everyone (over petrol) to get everyone to rush to the pumps in the final days of the last quarter (causing a self-generated petrol crisis), to try to avoid the UK being formally classified as entering a double dip recession ... but this did not work. Indeed the revised GDP figures released today suggest that the economic contraction was even worse than initially reported, and pointing to fact that the initial recovery was all but stamped out as soon as the "posh boys" took over! In reality, we are now not only in a double-dip recession, but in a depression much worse than the 30's (the "great depression'), as when you look at the initial contraction, and the subsequent recovery (see diagram below), the recovery in levels of GDP is much worse now ...
NB The PR "posh boys" only ever refer to recovery/growth relative to the last quarter, and not to the recovery of GDP to what it was prior to the recession ... and even when they do this it still doesn't look good! ... but if they were to use the proper measure ... then they would have to admit they are presiding over (and responsible for) the worst depression ever!