Peter Hoskin

One for the “worst predictions” list?

Over at Comment Central, Alice Fishburn’s highlighted a couple of 2008’s worst predictions.  Of course, we’ll have to wait to see how things pan out, but I reckon Alistair Darling’s claim that the economy will start recovering by the third quarter of 2009 could well be a contender for the list.  He first deployed it during his Pre-Budget Report statement, but it popped up again during the Chancellor’s appearance before the Treasury Select Committee today. Here’s how the indispensable Politics Home reports it:

Mr Darling said that he expects the economy: “to start to grow in the second half of next year.” He said that this estimate was based on: “the low interest rates, the advantage that will come from low inflation, the fiscal stimulus that I put into the economy in the pre-Budget report”. But he emphasised that: “there is a lot of uncertainty out there” and that events every day affected the government’s assessment

That reference to “uncertainty” is Darling’s token attempt to loosen the forecast, but he also makes things trickier for himself by linking a 2009 economic recovery to his “fiscal stimulus” more explicitly than he has done before. 

Britain’s best politics newsletters

You get two free articles each week when you sign up to The Spectator’s emails.

Already a subscriber? Log in

Comments

Join the debate, free for a month

Be part of the conversation with other Spectator readers by getting your first month free.

Already a subscriber? Log in