Its the Snow Wot Won It!

I've got a post over on Spend Matters, keeping our US friends informed about the wonderful British weather and the effect it may have on supply chains and business.  But I've included a bit of political speculation as well....

"As well as supply chain disruption, this might be the last straw for the UK's Labour Government. We will have an election sometime between March and June, and the incumbent government is hoping to be able to talk about economic recovery by the time of the campaign. But the UK is being slow to emerge from recession; and the GDP growth figures are so finely balanced (with a 0.2% contraction in July-Sept 09) that a couple of weeks of reduced production, delayed construction projects and so on might just make the difference between the current quarter being slightly negative and slightly positive. And when that quarterly GDP number is announced at the end of April, it could change the mood of the election campaign, and the electorate's views, quite dramatically. (The coldest winter for 30 years also makes the current focus on global warming look somewhat less significant, which probably doesn't help Gordon Brown either.)

After the Conservative Party were surprisingly re-elected in 1992, the biggest selling UK newspaper, the Sun, who had vigorously attacked Labour throughout the campaign, published a famous headline; "It's The Sun Wot Won It" * Perhaps in May or June this year we will see the victorious Conservative Party announcing ; "It's The Snow Wot Won It".

Peter Smith

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