Chesterfield Online Forum
General Category => Politics => Topic started by: Pete on October 31, 2012, 05:35:05 PM
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Even old, experienced Tories are seeing through the austerity formula that is holding back growth and confidence. Maybe one day Cameron and Osborne get the message.
In a no-holds-barred report, the experienced former Conservative cabinet minister warns "continuing as we are is not an acceptable option", adding "the message I keep hearing is that the UK does not have a strategy for growth and wealth creation".
http://bit.ly/PkeTdm (http://bit.ly/PkeTdm)
Also today the National Institute for Economic and Social Research (Niesr) has had a little pop at the government's record.
The respected think-tank said that Britain's debt to gross domestic product (GDP) ratio will be 4.85 percentage points higher by 2013 because of the spending cuts and tax rises introduced by the Coalition government.
"The think-tank said that while in "normal" economic times, fiscal consolidation would lead to a fall in Britain's debt pile, central banks were already at the limit of what they could do to offset the impact of cuts through loose monetary policy and quantitative easing."
http://bit.ly/SeGaLG (http://bit.ly/SeGaLG)