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Good news for the chancellor

With an ally in No 10 and the return of growth, Osborne can celebrate—for now

By Jay Elwes  

Jo Johnson, the new head of No 10's policy unit, is a friend of George Osborne's

As suggested on this blog yesterday, Britain has not slipped back into recession—there is no triple dip. The Office for National Statistics released its figures this morning at 9:30, revealing that economic output in the first quarter of the year was 0.3 per cent.

In any other circumstances, this would be regarded as measly, barely growth at all. If the Chinese were to release…

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