The UK economy shrank by 0.3% in the first three months of the year, more than previously thought, revised figures have shown.
Last month’s initial estimate from the Office for National Statistics (ONS) showed a contraction of 0.2%.
The downward revision was due to a bigger contraction in construction output than previously estimated.
Over the last year and a half, the economy has fluctuated between quarters of growth and contraction.
In the [...]
UK Prime minister David Cameron, due to outcrys and blowing up in the media, has had to back down on some proposals included in a new report he has commissioned from his policy guru whom according to the following article:
He ‘affectionately’ refers to as ” his little Hungarian fascist” , proposals included removing restrictions on employers employing child labour, removing worker rights, enabling instant dismissal with no reason given:
David Cameron nicknamed policy guru Steve Hilton the ‘little Hungarian fascist’, it was claimed last night.
The claim was made by a Conservative commentator writing on the unofficial party supporters’ website Conservative Home.
On the website, Bruce Anderson launched an extraordinary attack [...]