The UK’s economy may be dismal, but the bloc is crashing into austerity and recession Source - Daily Telegraph - 30/09/23 Link The Italian budget deficit is spiralling upwards again. France is about to have to make perhaps its first serious cuts of the free-spending Macron presidency. And Germany is facing a round of cuts to every form of government spending with the sole exception of defence. In the background, the bond markets are increasingly staging the kind of revolt against wild spending that the UK endured a year ago. The British economy may well be in dismal shape, but the eurozone is heading straight back into austerity and recession, and as it does so all the flaws in the single currency will be painfully exposed all over again. The latest round of upgrades to the UK’s growth figures published on Friday revealed that our performance has been middling compared to the rest of the G7 since the start of the pandemic. We have done significantly worse than the US or Canada, bu...