BBC headlines today echo the same stunned refrain, “The UK economy shrank unexpectedly.” Unexpectedly? After two budgets loaded with tax rises, sharply higher spending commitments, and an environment of policy uncertainty? The surprise here is not the economic contraction, it is the mainstream media pretence that nobody could see it coming. The Office for National … Continue reading Of Course the UK Economy Shrunk, The Real Surprise Is That The BBC Calls It “Unexpected”