Out of recession, but only just!

The economic news today was deeply disappointing. Most experts were predicting 0.4% economic growth for the last quarter, for the actual figure to be only 25% of this at 0.1% destroys Gordon Brown's economic credibility even further.

This risk now is a double dip recession. Something I have warned about several times on my blog, and something even Alistair Darling recognises as a possibility.

Unfortunately Gordon Brown's Labour Government left us badly prepared for the recession and badly prepared for the recovery. What we need is a General Election so we can have a Conservative Government with a credible deficit reduction plan that keeps mortgage rates low, creates jobs and doesn't choke off recovery.