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Ignore the Tories: the figures show the recovery is veering off course

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The Tory election narrative of an economy safe in their hands may be undermined by some disturbing trends already evident in the GDP data

Until the moment when David Cameron whipped up a froth of confected passion at a campaign event last week, the Conservatives’ appeal to the electorate was based on a carefully constructed case about the economy.

Vote Labour, the narrative went, and you’ll put Britain’s hard-won recovery at risk. Yet last week’s GDP figures, showing the growth rate halving to 0.3% in the first three months of 2015, suggest the upturn of which the Tories are so proud may already be starting to fade.

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