Thursday, 2 September 2010

Larry Elliott on the growth deniers

As is almost always the case, Larry Elliott is bang on the money today in explaining why ConDEm economic strategy is wrong and why current conditions demand an expansionary approach. He quotes from Ed Balls speech at Bloomberg last week:

"Against all the evidence, both contemporary and historical, [Osborne] argues the private sector will somehow rush to fill the void left by government and consumer spending and become the driver of jobs and growth. This is growth-denial on a grand scale."

Too right.

Stephen Boyd - STUC

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