Ben Broadbent, an economist at Goldman Sachs says “… periods of fiscal tightening in the past 30 years — the early 1980s and the mid-1990s — saw quite strong economic growth.” Britain’s budget deficit will peak next year at 13.2%, the worst in the G20 according to the IMF. Yet Alistair Darling says a quicker reduction in the deficit risks “putting the recovery at risk.” History shows that both Margaret Thatcher and John Major cut spending and boosted economic growth…
*From an article by Reed Landberg and Andrew Atkinson (not online).
For all those who cannot read a timetable, this is about how much Labour's ineptitude and incompetence will cost us now, and our children in the future?
Answer: LOTS more than Brown and his Darling are add-mitting.
The name of the Government may change,but the game's the same!!
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