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
The blog of the 'There is a Better Way' campaign by STUC staff about policy issues that are, or should be, in the news and guest contributors on issues of social justice. Written from a STUC perspective, contributions will often cover areas where there is yet no settled STUC policy and go into areas in more detail than our formal decisions. We welcome debate and we don’t expect everyone to agree with us, but we will remove any comments that are offensive, irrelevant or otherwise annoy.
No comments:
Post a Comment