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
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.
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