About the recovery in the UK

For those of us who maintained that austerity would not lead to economic growth, the deflationary depression settling into the euro-zone is comfortably bad news. Compound austerity has kept growth rates well below what they have normally been in the past, especially after serious recessions. Unemployment has remained high, and debt (which is what this was supposedly all about) has crept up almost everywhere as a result of low growth rates.