Still looks to me like the UK budget deficit has been more than sufficient to support at least modest GDP growth.
U.K. Economy Grew Unrevised 0.3% in First Quarter
U.K. Consumers Predict Economy Will Worsen, GfK Survey Shows
U.K. Mortgage Approvals Rose 2% in May From April, CML Says
U.K. Profit Warnings to Climb as Deficit Cuts Kick In, E&Y Says
Osborne Says U.K. Budget Cuts Needed to Avoid ‘Downward Spiral’
U.K.’s Budd to Propose More Independent OBR, Telegraph Says
Blanchflower Says Economy May See Long Decade of Slow Growth