Swallows and all that

Posted on

Yes, I know all that I and others say about taking figures in isolation and extrapolating from them. But new car sales down 11.5% on last year says two things. First Labour’s polices worked. And second there’s a decided lack of confidence in the economy right now.

I know manufacturing gave optimistic signals this month – but if people aren’t buying that makes little sense.

I remain profoundly pessimistic – unless we do Green Quantitative Easing – which will transform the economy for good.