{"id":29942,"date":"2015-08-04T06:57:57","date_gmt":"2015-08-04T05:57:57","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=29942"},"modified":"2015-08-04T06:58:25","modified_gmt":"2015-08-04T05:58:25","slug":"the-slowest-recovery","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/08\/04\/the-slowest-recovery\/","title":{"rendered":"The slowest recovery"},"content":{"rendered":"<p>My friend Geoff Tily, who is chief economist at the TUC, did some number crunching on the state of the recovery that was published yesterday. In a nutshell, the data on the rate of recovery from a financial downturn in the UK <a href=\"http:\/\/touchstoneblog.org.uk\/2015\/08\/still-easily-the-slowest-recovery-of-gdp-per-head-on-record\/\" target=\"_blank\">is as follows<\/a>:<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/08\/04\/the-slowest-recovery\/aug15_slowest-660x420\/\" rel=\"attachment wp-att-29943\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-29943 size-large\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420-550x350.png\" alt=\"aug15_slowest-660x420\" width=\"550\" height=\"350\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420-550x350.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420-471x300.png 471w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420-300x191.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420-200x127.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/08\/aug15_slowest-660x420.png 660w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>As Geoff noted, Prof Simon Wren Lewis of Oxford University said of this:<\/p>\n<blockquote><p>Anyone who continues to describe what is happening in the UK as a \u2018strong recovery\u2019 either has not bothered to look at the data, or is being deliberately deceptive.<\/p><\/blockquote>\n<p>Quite so. There's not much to add to that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>My friend Geoff Tily, who is chief economist at the TUC, did some number crunching on the state of the recovery that was published yesterday.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/08\/04\/the-slowest-recovery\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-29942","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/29942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=29942"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/29942\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=29942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=29942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=29942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}