0.2 per cent growth is small, not at all great but still good!

Yesterday the UK got its second quarter figures; the economy has grown by only 0.2 per cent. Prompting the left and those opposing George Osborne’s recovery measures to call for him to change direction and alter his plans. Which if he did – judging by what’s happening around us in Europe and across the Atlantic – it will be a knee-jerk reaction he will live to regret.

It might look like our economy is flat lining, however, you can’t help but be grateful that it is stable and albeit slowly is still steadily growing.

I don’t watch the BBC’s Newsnight – I do love my politics but if I don’t draw a line somewhere I will have politics overload. However I watched a clip of Monday’s show between Jeremy Paxman and Ed Balls where Balls is clearly opposing for the sake of opposing. Even Paxman who is legendary for cutting people to shreds was stunned by the man’s incoherent stubbornness. I am not stating this as a point scoring exercise but to prove a point. And that is, even Labour who is pro less slower cuts, deep down sees that Osborne’s plan is working. Of course they can’t bring themselves to admitting it, nevertheless…. action speaks louder!

Particularly as we are at a time when the US is due to lose their AAA rating and maybe even default for the first time in history. Greece is back for a second helping and might very well be joined by Portugal. And let’s not forget Italy, who looks like it’s on the brink of collapse and might join them.

A 0.2 per cent is unarguably small but in the scheme of things it is also arguably a step on the right direction. I see no need for a plan A+ and most definitely no plan B!