Still looks to me like the govt deficit is plenty high enough to support at least modest gdp growth until the pro active austerity measures actually reduce it.

UK Headlines:

U.K. Service Industries Return to ‘Pre-Snow’ Growth

Inflation Could Force Bank of England to Raise Interest Rates, Says Deputy Governor Charlie Bean

UK Faces US-style Jobless Recovery, Says Institute for Fiscal Studies

Wealthy Britons Planning to Increase Spending in 2011, HSBC Says