The coalition one year on: Rollercoaster ride continues

COALITION ONE YEAR ON

We look at how the economy has fared over the past year under a coalition government.

The past 12 months have been a rollercoaster ride for the UK economy. To be fair to Cameron, Clegg et al, they did not inherit the most blossoming set of economic indicators. Inflation, for example, had already been flagged as a concern. Having dropped from a September 2008 high of 5.2% down to 1.1% 12 months later, it had begun its ascent once more, overshooting the government’s 2% target to reach 2.9% in December 2009. Just before the coalition government took the reins in May, inflation hit 3.7%. For the rest of the year, the figure hovered between 3.1% and 3.7% until it reached a ...