The figures for October came out today. The Economy shrank by 0.1% instead of grew by 0.1% as predicted.
Now, you can get into the semantics of whether a growth of 0.1% is anything to crow about and whether a drop of 0.1% is something to be sad about.
But when the output of A SINGLE COMPANY can be the difference between growth and recession, we have a big problem, economically speaking.
The difference is being put down to the lack of output from Jaguar LandRover, due to a cyber attack.
That is not a robust economy with a diversity of companies that can pick up the slack when another company has a downturn.
That is an economy built on a hill of sand. That is an economy that can be put into recession because a company has a bad quarter, or goes under altogether.
That is a vulnerable economy, an economy that has been mismanaged. The government has failed to manage the economy with the correct incentives to companies that can provide the diversity needed to maintain a strong, robust economy.
That, dear reader, is a warning sign.
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