The ONS “blue book” has a penchant (a tendency, partiality, or preference) for rewriting economic history as it revises data. It can all be a bit of a soap operaLike the death of Dallas character Bobby Ewing, economics can deliver alternative realities that leave you feeling cheated for having believed the conventional plotlines.
Millions might have thought they’d witnessed the UK economy heading for a triple-dip recession in 2013 – just as soap fans reckoned they’d watched the demise of their hero in the 1980s – but George Osborne in the Treasury (and Bobby’s wife Pamela in her en-suite) were relieved to discover that both events had just been nasty dreams.
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Source: theguardian.com