Officially worse than the Great Depression


by Left Outside    
10:12 am - April 27th 2012

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It could be worse, couldn’t it?

Oh, no sorry, my bad. In fact, the beatings will continue until morale improves.

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About the author
Left Outside is a regular contributor to LC. He blogs here and tweets here. From October 2010 to September 2012 he is reading for an MSc in Global History at the London School of Economics and will be one of those metropolitan elite you read so much about.
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Reader comments


Liberal Conspiracy has a reputation about the same as the Lib Dems for producing dodgy graphs, lack of proper labeling doesn’t help to improve this.

What is the x axis supposed to represent? Months? Some other arbitary time unit? I realise that this might be a little radical, but, if so, might it not be a good idea to actually label it?

Osborne is a history graduate, not an economist, and he evidently can’t or won’t read the FT.

Months since previous peak GDP. The original graph is from the Office of National Statistics who didn’t explicitly label that axis either.
http://www.ons.gov.uk/ons/dcp171766_263951.pdf (page 2)

Where are TimJ, Tyler and all the other neoliberals who always condescend to give us the benefit of their economic wisdom?

Their silence is not only defeaning, but telling too.

5. Mark Redwood

@3 unfortunately the x-axis is not months, it’s in quarters.

We are still approx 4% below peak GDP, some 16 quarters after this recession began. And it looks like we have slipped further into recession in the last quarter, altough there is some doubt about the accuracy of the latest growth figures.

6. DisgustedOfTunbridgeWells

What is the x axis supposed to represent?

Represents quarters doesn’t it, that’s why it says at the bottom ‘Q1->’

It’s not as clear as it could be, but it’s not ‘dodgy’ either.

I would be inclined to agree that ” George Osborne is officially creating the British Great Depression”.

As far as I am concerned George Osborne should have remained in Selfrigdes Depertment Store as a towel refolder.

Can you believe the fact that a person (George Osborne) was folding towels for a living in Selfridges only a few years ago and now his buddy Cameron has given him the responsibility of dealing with the British Economy.

These toffs are really taking the piss !


Reactions: Twitter, blogs
  1. Natalie Wade

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  2. Ray Sirotkin

    Another scary chart for the day: UK economy now officially worse off than under the Great Depression http://t.co/MoROlLEX

  3. Dan Cash

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  4. Mary Tracy

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  5. sean

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  6. Panda

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  7. Gavin Longworth

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  8. ?h?nny?B

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  9. Kanjin Tor

    UK officially worse off than in the Great depression | Liberal Conspiracy http://t.co/uWjmJnKV via @libcon

  10. Michelle Kent

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  11. salardeen

    Another scary chart for the day: UK economy now officially worse off than under the Great Depression http://t.co/MoROlLEX

  12. Bethany Thompson

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  13. Georgina Dawson

    “@libcon: UK officially worse off than in the Great depression http://t.co/Zek9tIm1” Aces. We can call this one the Super Great Depression.

  14. Lori Looker

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  15. Terri Bennett

    Another scary chart for the day: UK economy now officially worse off than under the Great Depression http://t.co/MoROlLEX

  16. Ruston Butcher

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  17. Kiely Sparkles

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  18. James Dawson

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  19. ????-??? Patchouli ?

    "@libcon: UK officially worse off than in the Great depression http://t.co/R8Gwohw6" :(

  20. Kevin Loch

    @TheHenno UK officially worse off than in the Great depression http://t.co/HSeMECWY, whats your thought's on that??

  21. michelle maher

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  22. bob woods

    To clarify earlier tweet: UK's current slump is now worse than that of the Great Depression http://t.co/MoROlLEX

  23. Mabon ap Gwynfor

    To clarify earlier tweet: UK's current slump is now worse than that of the Great Depression http://t.co/MoROlLEX

  24. chris hall

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  25. angus murray

    UK's current slump is now worse than that of the Great Depression http://t.co/KRQtth21 #fb

  26. Claire Crowther

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  27. Mick

    To clarify earlier tweet: UK's current slump is now worse than that of the Great Depression http://t.co/MoROlLEX

  28. Martin Robbins

    By one arbitrary metric RT @sunny_hundal: UK's current slump is now worse than that of the Great Depression http://t.co/RvF0pQoL

  29. @GrannyWils

    To clarify earlier tweet: UK's current slump is now worse than that of the Great Depression http://t.co/MoROlLEX

  30. Jonny Emmett

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  31. A Green

    By one arbitrary metric RT @sunny_hundal: UK's current slump is now worse than that of the Great Depression http://t.co/RvF0pQoL

  32. Dizz Gotham

    Liberal Conspiracy – UK officially worse off than in the Great depression http://t.co/qb5mZFdf

  33. Paul W

    RT @libcon: UK officially worse off than in the Great Depression http://t.co/dCCABq88

    US-style speedy recovery nixed by #austerity
    #ConDem

  34. Eliese SatherleyBell

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  35. Del Shukum

    Another scary chart for the day: UK economy now officially worse off than under the Great Depression http://t.co/MoROlLEX

  36. Steve Chick

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  37. karen allen

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  38. Thomas Mackinder

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  39. Richard Evans

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  40. Aaron Makepeace

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  41. James Lloyd

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  42. DPWF

    The current slump is going to be far longer and just as deep as the Great Depression. http://t.co/Uw03Px7S

  43. EJINetwork

    Liberal Conspiracy – UK officially worse off than in the Great depression -

    Is it time for a plan B? http://t.co/5AueegV9

  44. M Mostyn-Thomas

    UK officially worse off than the Great Depression – and we haven't even had a Wall Street Crash! http://t.co/LLX2momT

  45. Gavin Watts

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  46. Owen Blacker

    To clarify earlier tweet: UK's current slump is now worse than that of the Great Depression http://t.co/MoROlLEX

  47. Jasmine Majeed

    UK slump now officially worse than great depression http://t.co/ZaR2QCl3

  48. glenellen

    UK officially worse off than in the Great depression http://t.co/J3RrLiy1

  49. richard aint my name

    "@libcon: UK officially worse off than in the Great depression http://t.co/uT6fYruF" Fantastic news

  50. Gareth Liley

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  51. Ravi Subramanian

    Clear graph showing this is officially worse than the Great Depression of the 30s http://t.co/JGKJW29t

  52. Sophie Brown

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  53. TruthBeckons

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  54. Natacha Kennedy

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  55. Peter Skevington

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  56. British Revolution

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