The British Office of National Statistics released the data – Gross Domestic Product Preliminary Estimate, Quarter 1 (Jan to Mar) 2015 – yesterday, which should tell the British voters that the Conservative government has failed. There is no political spin that is capable of changing that conclusion. With a general election next week in Britain, the real GDP figures (and related data – productivity, real wages, per capita income etc) should spell the end of the Conservatives. Especially, given their plans for the next few years. But then the British people have as an alternative the Labour Party which has proposed more or less the same thing except they will be “fairer”. Pigs might fly! Britain is continuing to demonstrate that fiscal austerity is bad for economic growth and that on-going deficits are good.