Double-dip recession? (From Echo)

Double-dip recession?

1:55pm Thursday 2nd February 2012 in News

Are the Tories and Liberals about to plunge us into a double-dip recession?

Does Eric Pickles know the way to Greggs?

Chancellor George Osborne said: “The Government have taken Britain out of the financial danger zone, and set our economy on the path to recovery.”

The economy was flat-lining.

Now it is shrinking. The past six months under Labour gave us more growth than under 18 months of the Tories and Liberals.

David Cameron’s excuses included the cold winter of 2010/11. Pathetic.

Most economists agree recession is inevitable. Now the International Monetary Fund agree the cuts are too far and too fast, and warn against a return to a Thirties-style depression.

Where is Osborne’s plan for growth?

The Tories and Liberals said clearing the deficit by 2015 was all that mattered.

Savage cuts have strangled growth, increased unemployment and welfare bills, and reduced tax receipts, thereby making deficit reduction harder.

The Tories and Liberals are borrowing £158billion more than planned. They argue borrowing is reckless if done to generate growth and get people back to work, but OK if paying for more people on welfare and unemployment. How crazy is that when you think about it?

Dave Bodimeade
Rawreth Lane
Rayleigh