Economic Growth

You’ll be pleased to know that the UK economy grew much faster than expected in the last quarter.

It did beat my expectations too, though I remained hopeful that it would have had a significant rise as I expected that a Conservative victory in the general election would have a positive effect on economic growth for that quarter, and more likely for the quarter after that.

The reason I believe that we have seen much higher growth than expected (the highest change in growth between successive quarters I believe since 1999 – the dot-com boom years) is down to many companies based in the UK leaving investment decisions until the outcome of the election was known – having no faith in a Gordon-Brown led government.

This is what was implied by many business leaders before the election, and seems to be backed up now. Time will tell if this is just a short-term improvement or something more significant.

I certainly think things have felt much better recently.

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