Brad DeLong, blogger and economics professor  at UC Berkeley, discusses the recent economic news from Brtain, home of  (and the “Big Society”).

By contrast, the Cameron-Osborne policies of expansion-through-austerity have produced a flatline for real GDP, and the odds are high that British real GDP is headed down again.

In less than a year, if current forecasts come true, the Cameron-Osborne Depression will not be the worst depression in Britain since the Great Depression, but the worst depression in Britain… probably ever.

Read: Brad DeLong: The British Economy Is Now Doing Worse than it Did in the Great Depression.