Posted by Jake on Tuesday, March 19, 2013 with No comments | Labels: budget cuts, credit crunch, inequality, politicians
Osborne hopes Cameron doesn't embarrass everyone again...
SOURCE TELEGRAPH: Government’s Treasury expert says Cameron is wrong over austerity “success”
The PM insisted that the Office for Budget Responsibility (OBR) had concluded that the austerity cuts had not reduced growth. But Robert Chote, head of the OBR, responded by writing an open letter to the PM saying his report had concluded exactly the opposite: cutting public spending reduces economic growth in the short term. He added that most other economists agree with him.
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