Ed Balls lost no time in attacking the government when the latest figures emerged showing a contraction of the economy in the last quarter, urging them to “urgently re-think their reckless plan to cut the deficit too far and too fast and start putting growth and jobs first.” Osborne’s reaction, however, is “we’re not going […]
Posts Tagged ‘Growth’
Growth slowdown bad news for Tories
Jan 4th, 2011 by Michael Meacher.Not a Happy New Year for Osborne – a steady trickle of bad economic news is testing even quicker than expected whether his strategy can survive . Even before the big ticket cuts kick in and VAT at 20% went live at midnight, costing an extra £389 a year to the average family, three bits of unwelcome […]
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A budget for decline
Mar 23rd, 2010 by Michael Meacher.As is usually the case, this is a very political Budget. It will change the economic future of this country hardly at all. The purpose of this Budget is camouflage to distract attention from the Great Axe that is about to fall within the next two weeks and to give the impression that Britain has […]
