An even more British excuse
Britons have a reputation for endless talk about the weather, and the UKâ€™s Office for National Statistics is no different.
Weâ€™ve already noted how the ONS cited the effect of the royal wedding and surrounding bank holidays as one reason why the economy only managed growth of 0.2 percent quarter-on-quarter between March and June.
While thatâ€™s taken up most of the talk, the ONS also pointed to the â€śrecord warm weather in Aprilâ€ť as another â€śspecial eventâ€ť that dented economic growth.
Back in the fourth quarter of last year, when the economy unexpectedly shrank 0.5 percent, the ONS said growth was â€śclearly affected by the extremely bad weatherâ€ť.
Does the ONS have a particular temperature in mind that is conducive to economic growth? To paraphrase a British fairy tale: Something not too hot, not too cold, but just right?