Good to see the Daily Mail following in our humble footsteps and getting stuck in to the State Broadcaster;
“Two hours before Britain’s economic figures were released yesterday, the BBC enthusiastically predicted that growth would be ‘even worse than we thought’. The potential economic slowdown was discussed at length in grave tones for three and a half minutes on Radio 4’s flagship Today programme. The issue was considered important enough to be placed third on the programme’s news bulletins at 7.30am and 8am.
Unfortunately, their pessimistic predictions were wrong. Instead of growth being worse than forecast, it was better. But rather than injecting a more optimistic tone into their analysis, they simply relegated the story to being an also-ran.
Indeed it dropped off some later bulletins altogether. The World at One on Radio 4 did not include it in its headlines, neither did BBC1’s 1pm news. Earlier on the Today programme, the normally scrupulously impartial John Humphrys introduced the economy story with a dose of doom. He said: ‘We know the economy is slowing down, which is another way of saying the nation won’t be getting much richer, if at all. But today the latest revised growth figures will be published and everyone seems to think they will show it’s even worse than we thought.’
If only the Mail would get with the BBC view of economics and accept that we need to follow the received wisdom of Stepahnie “Two Eds” Flanders and resort to Plan B ….more unfunded spending.