I absolutely condemn the horrific actions which took place in Woolwich yesterday afternoon. Praise should go to the club scout leader Ingrid Loyau-Kennett for bravely attempting to defuse the situation before security forces arrived. The Government’s immediate reaction and the reconvention of COBRA last night shows that such actions will not be tolerated in the UK. David Cameron’s statement this morning and the actions taken by the police and security forces subsequently, reinforces this message. Our thoughts are with the family of the victim concerned.
I was very pleased to hear today that Sir Mervyn King is predicting a rise in the Bank of England’s growth forecast by 0.5% in the second quarter. This is excellent news and might well provide light at the end of the tunnel following a period of huge economic uncertainty. This projected growth was also confirmed by the Chancellor in his speech to the Confederation of British Industry last night, which despite stubbornly high inflation figure projections, makes for doubly good news. If the economy can just get kick started into forward growth, it can only be a matter of time before other economic indicators, which have shown poor performance previously, will start to pick up too. Sir Mervyn has suggested that the road to recovery might be a bumpy one with periods of economic flat lining, but it is extremely positive that after some poor economic figures, we can at least expect growth in the second quarter going forward, which will be a big boost to British business.