The last ONS GDP statistics release before election day revised UK economic growth higher for 2014 to 2.8% from the previous estimate of 2.6%, against 1.7% for 2013. The UK economy is now growing at its fastest pace since 2006 and leads the G7 countries prompting George Osborne to tweet “GDP revised upwards from 2.6% to 2.8% for 2014. Confirms UK as clearly fastest growing major advanced economy.” Whilst Ed Balls responded “This is the slowest recovery for 100 years and the Tories have failed to deliver the sustained rises in living standards they promised.” Though conveniently forgetting that the economy was recovering from the last Labour governments economic collapse.

Therefore this video analysis compares the economic performance of the current Coalition government against that of the last Labour government in terms of GDP growth, debt & deficit, government spending, unemployment and the implications for the outcome of the May general election. Also includes trend analysis of current opinion polls seats projections from a range of mainstream forecasters.

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By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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