[Financial Times] Correction: UK business confidence

An article by Niall Ferguson (“The UK Labour party should blame Keynes for their election defeat”, May 10) incorrectly stated that at no point after May 2010 did business confidence sink back to where it had been throughout the past two years of Gordon Brown’s premiership. Confidence had risen from the third quarter of 2009 until the end of 2010, according to the ICAEW/Grant Thornton UK Business Confidence Monitor. We also wish to clarify that Prof Ferguson’s statement that weekly earnings were up by more than 8 per cent referred to nominal earnings growth. Real wage growth was negative from 2010 until September 2014.