Is Britain’s economy still growing? The surveys say yes but, rightly or wrongly, the GDP figures on 25 April will be the arbiter. A fall would pose problems for the Coalition, David Smith writes.
There is no doubt what is likely to be the big economic event of April at least as far as Britain’s economy is concerned. On 25 April the Office for National Statistics (ONS) will publish its first estimate of gross domestic product (GDP) for the January–March period.
Why the GDP figure matters
GDP is the most comprehensive measure of economic activity produced. It tells us whether as a country we are growing or shrinking. It is far from perfect hence official efforts to develop more...
