Osborne lashes himself to the mast ahead of Q4 GDP figures

Prepared for the worst.

George Osborne, addressing attendees of the World Economic Forum in Davos, promised to ignore the recommendations of the IMF and carry on with austerity even if the GDP figures for the fourth quarter of 2012 — due to be released today — are negative.

The Financial Times reports that:

He repeated past comments that the economy was “walking a difficult road, but heading in the right direction”.

That "difficult road" is an increasingly lonely one. The IMF's chief economist, Oliver Blanchard, warned yesterday that a slow start to 2013 would be a good hint that the chancellor ought to "tone down" attempts to reduce the deficit with haste.

Meanwhile, it is widely expected that the UK will lose its AAA credit rating with at least one of the major ratings agencies. The agencies, while mainly reactionary in how they decide ratings, were frequently cited by Osborne as arbiters of financial responsibility in the first years of his chancellorship. Losing their backing would be a blow.

The range of forecasts for the figures out today spreads from -0.5 to +0.2 per cent. We shall find out the truth in two hours.

Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Space Oddity? Dr David Bowie is treating former astronaut Buzz Aldrin

Ground control to major coincidence.

The 86-year-old former astronaut and second man on the moon Buzz Aldrin has been evacuated from the South Pole to hospital in New Zealand. Your mole thought this was yet another piece of dismal 2016 news, before the silver lining popped up on Twitter. Aldrin’s manager Christina Korp sent a thrilling message about her client’s treatment:

Yes, the real-life “Starman” is going to be treated by a doctor who shares his name with the late pop icon who wrote “Space Oddity”, “Life on Mars?”, “Ziggy Stardust” and “Starman”, among many other odes to space.

In fact, Bowie’s “Space Oddity” hit about ground control losing contact with the fictional astronaut Major Tom was released in 1969, a few days before Aldrin and Neil Armstrong became the first humans to walk on the moon. This mole’s whiskers are quivering at the poignancy.

I'm a mole, innit.