I may be thick but... Why are we cutting spending when the economy IS GROWING...? albeit very slowly. Around 0.2% but as Mr Micawber used to say ... Breaking even = happiness. I remember the "double dip" 1992 recession caused by the ERM debacle... we didn't cut spending to the bone then and it was followed by the biggest boom in years. People in the media go on like we're in recession and that's just total bollocks. We did austerity because the economy crashed. That hasn't happened. So why Austerity 2? And when has there ever been a direct link between cutting public spending and growth? It's bananas...
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