Thursday, 2 September 2010

CBI talks about demand

It is heartening to note the CBI’s Chief Economist acknowledge that ConDem strategy is undermining demand thereby implying that demand matters. Progress.

Of course the private sector will suffer as a result of the cuts. It is already suffering as the numerous profit warnings posted recently testify.

Will the CBI start to challenge Osborne’s Budget measures; particularly the timing and scale of cuts which will have a negative impact on many of their members?

Don’t hold your breath.

Stephen Boyd - STUC

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