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Monday, 24 August 2009

BBC on spin cycle

The BBC is desperately spinning for the government telling the world that the Recession in Britain is 'at an end'. A little closer reading shows that they are actually reporting a survey from the ICAEW that says many private sector companies are upbeat about their prospects, and extrapolates from that a 0.5% increase in activity. How that works is not explained, but this is a guesstimate about future business that hasn't happened yet.

But that doesn't stop the BBC from reporting it as a fact.

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