GDP

Kiran Stacey

It was no surprise that Ed Miliband led on the economy today, on the day that GDP figures showed a drop in output in the last quarter of last year.

The Labour leader’s questioning was more effective than usual. He has a new line that looks like it could pay off:

He and his chancellor are the byword for smug, self-satisfied complacency.

It certainly gives us all some relief from the previous ubiquitous epithet Labour applied to the prime minister and his party of “out of touch”. 

Kiran Stacey

George OsborneChancellors have always seen the all-important GDP numbers a day before they are formally published, which makes any event involving the chancellor on that day a fascinating game of bluff and second-guessing.

So what could we tell from Monday’s press conference with George Osborne, which was ostensibly about the UK-India trade relationship?

Osborne walked slowly and confidently into the room, his head held high and smiling. But read nothing into that: others have commented before on how he always manages to grin, whatever storm he is facing.