If this is a recovery, why is the patient still on the critical list?

I’m reblogging this because I agree totally with Mike – his closing comments sum it up but…Read the whole post and see if you can disagree?

Mike Sivier's blog

Time ticks on: We are told the recovery is well under way but have yet to enjoy any of its benefits. Why?

Official figures say the British economy has grown by 0.8 per cent in the last three months.

The Conservatives are rejoicing over this feeble effort, while saying there’s more to be done; an amazing attempt to travel in two directions at once, that should fool nobody.

It seems the recovery is becoming more balanced, with services, manufacturing and construction all registering expansion.

And it is predicted that the economy will recover to the same level as its pre-recession peak by the middle of this year.

But who, exactly, is this recovery helping?

I’m actually worse-off than this time last year. How is it for you?

My income has not increased appreciably since 2007. Meanwhile the rent has gone up and the costs of energy and groceries have skyrocketed.

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