Thus the country saw its gross domestic product leap of 1

The United Kingdom affects the wood to continue rebound marked its economy in the second quarter of 2010, but according to many economists, there is good reason to remain cautious.

Thus, the country saw its gross domestic product leap of 1.1 in the second quarter from the previous three months, namely an annual growth rate of 4.5. The consensus of economists provided an increase limited to 0.6, while growth was 0.3 in the first quarter. From April to June, the public sector, which is called to shrink, not contributed to 0.2, a very good sign.

It is clear that this figure, the highest since 2006, colorera the discussions in the Bank of England monetary policy Committee at its next meeting in August. Barely two weeks ago, this Assembly was debating again increased monetary creation program ("quantitative easing") to combat the weakness of growth. The figure rather gives reason to Andrew Sentance, one of its members, which offers since June raising interest rates, as inflation is already higher than the objective set Mervyn King, Governor, even if it considers this temporary situation.

A possible remedial

The reasons for the caution of the economists are first, that this increase could be explained by a catch-up after a first quarter marked by paralyzing snow falls. It is also possible that the orders of the public sector to the private sector have stimulated by the prospect of future cuts. In addition, a third of this growth is explained by the growth of the construction sector, which flew by 6.6. "This figure must be treated with extreme caution," said an economist with HSBC. In addition, British growth statistics are famous for their vagueness and are often drastically revised after the first estimate. Interviewed by the "Financial Times", the Economist of Barclays Simon Hayes notes that indicators of morale of households and businesses have recently deteriorated, which may reflect their concerns about the impact of budget cuts everywhere in Europe.

George Osborne, the Chancellor of the Exchequer is in all cases quickly welcomed. "There is more permissible doubt about the legitimacy of reducing public expenditure as soon as possible", he said, by pointing to the fact that the private sector was responsible for the bulk of the increase. It is true that growth has affected most sectors of the economy, including services, the fastest growth for three years, 0.9. The sector accounts for three quarters of the United Kingdom economy. In its editorial Saturday, the "Financial Times" felt however that this figure does not exempt the Government of David Cameron to prepare a plan B in case its cuts too heavily penalized a still fragile economy.

Former Finance Minister Alistair Darling was another reading of these figures. He found that they prove that its policy had proven effective. "This is the last nail in the coffin of the argument of the ruling coalition that things were worse than what they had thought, he found.". The economic policy of the coalition reduction of more than 100 billion pounds the train of life of the State in five years, Editor's note is not inevitable; "it is the choice they did."