In the week the economy returned to pre-crisis level... Why I, as an ex Labour Minister, think Ed Balls MUST apologise for the mess he left us in, writes DIGBY JONES Daily Mail

Ed Balls

But last week’s economic figures weren’t some flash in the pan. Britain is back. A sustainable, deep, far-reaching recovery, not built on house price inflation, has arrived.

Inflation lower than Japan, unemployment lower than America, growth higher than Germany (and on Thursday it was even warmer in England than in Honolulu!). 

Take these facts:

·         The most productive car plant in Europe is the Nissan factory in Sunderland.

·         The Jaguar Land Rover plant in Liverpool has moved on to 24/7 working to cope with demand for its Range Rover Evoque from China, let alone everywhere else. They’re even building a new engine plant in Wolverhampton.

·         The Airbus put together in Toulouse has more British parts than French or German.

·         General Motors is actually closing a car plant in Bochum, Germany (the first such closure in that country since the Second World War) with 4,000 job losses, and expanding its plant at Ellesmere Port instead.

Construction, financial services, retail, manufacturing, creative industries, and the services sector are all going in the right direction. 

Read more here

Digby Jones.