U.K. Economy Resumes Growth by Less Than Forecast

“It’s clearly disappointing,” Simon Hayes, chief U.K. economist at Barclays Capital and a former Bank of England official, said in a telephone interview. “The recovery is going to be uneven. I think the Bank of England will halt quantitative easing in February, but if we don’t see sustained growth it’s likely we may see them extend it in the middle of the year.”

Ebb and flow within the context of a global depression. Spin is trying hard to convince not only Britons but also Americans that QE will end soon. When economic growth proves to be less than advertised, QE will be extended. Ask yourself why a jobs bill being crafted in the US if a sustained recovery is right around the corner?