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August 27th, 2010

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11:39 am - Economic news
Sorry, I just have to say the healthy reported economic recovery uses figures April-June. That is, this happened under the previous Labour government (and the first few weeks of the Tories, before the emergency budget of 22 June). It does not vindicate Tory cuts, either the relatively minor cuts of late June, or the large cuts which have not yet been implemented.

Obviously it doesn't prove they are wrong either. The effect remains to be seen.

(3 comments | Leave a comment)


[User Picture]
Date:August 27th, 2010 01:24 pm (UTC)
Totall agree.

The scale of the cuts worries me. I do think we need to cut back, but doing so so quickly, in the middle of a recession, is just asking for things to get worse for a long while before they get better.
[User Picture]
Date:August 27th, 2010 03:03 pm (UTC)
I am impotently arguing with the commentators on the Guardian site who will never even read this.
[User Picture]
Date:August 27th, 2010 03:21 pm (UTC)
I avoid reading those comments, if I possibly can.

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