2012 GDP growth revised upwards by 0.3 per cent

Stagnation continues.

It looks like yesterday's warning about complacency when it comes to stagnation was unnecessary this month. The ONS has released its second estimate of GDP for the fourth quarter in 2012, and it continues to report a contraction of 0.3 per cent.

It has, however, revised upwards growth for the first and third quarter of last year, meaning that 2012 overall was better than we thought:

The story of last year is now one of 0.3 per cent growth, rather than complete stagnation. But neither of those outcomes are something to celebrate.

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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Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

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