The economy is doing great Trident. Productivity, the most important gauge of an economy's health, is p*ss-poor. Household essentials, including rental costs, have soared, squeezing discretionary buying power. The current account deficit is at a postwar high. The UK economy depends on the tolerance and trust of foreign creditors, plus those who buy UK assets or lend to Britain. Those who did so in 2015 are now sitting on foreign exchange losses of close to 20%. Growth, such as it is, is being driven by a binge in consumer credit - did anyone mention signs of inflation?