Soaring economy is at an Icarus moment

As we march towards the climax of Christmas, a well-exercised credit card at the ready, the Greek fable about Icarus, the boy who ignored his father, Daedalus’ advice and flew too close to the sun and fell to the sea and drowned, may not immediately spring to mind, or even seem relevant.

As we march towards the climax of Christmas, a well-exercised credit card at the ready, the Greek fable about Icarus, the boy who ignored his father, Daedalus’ advice and flew too close to the sun and fell to the sea and drowned, may not immediately spring to mind, or even seem relevant.

However, the welcome for yesterday’s figures, showing that growth in the economy has once again outstripped expectations, must be tempered with a niggling sense of déjà vu.