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Daily Telegraph: "Britain has 'Alice in Wongaland' economy"

Smash with hammer for web site

"Retail figures, published by the Office for National Statistics this morning, showed that people are returning to Britain's High Streets.

"Sales rose at their fastest annual rate in over two years in July, official data showed on Thursday. Volumes rose 1.1pc on the month, almost twice as fast as expected to give an annual rise of 3pc and the highest since January 2011.

"Experts have said that the warm weather, increased consumer confidence and the 'feel good factor' created by the Royal Wedding stimulated growth.

"However Ann Pettifor, of Prime Economics, warned that the improved figures were fuelled by debt and will ultimately prove to be 'unsustainable'."

The Guardian:
"Does Britain have an
'Alice in Wongaland' economy?"

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