Ed Milliband and Ed balls were right after all, The French say it, The Greeks shout it but no one wanted to Listen to Labour,.Austerity doesn’t work, cut to hard and too fast and you ruin the economy, put people on the dole and blight the future of our young people.
The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures.
Cut interest rates, more quantitative easing, cut VAT, go for growth…..Not really what the Tories are best at is it?
The Organisation for Economic Co-operation and Development meanwhile predicted Britain would grow 0.5 per cent in 2012 and increased its 2013 prediction to 1.9 per cent. Other figures showed a drop in the annual UK inflation rate to 3 per cent in April, the lowest rate since February 2010.
Head of the IMF says;Â ”Unfortunately the economic recovery in the UK has not yet taken hold and uncertainties abound. The stresses in the euro area affect the UK through many channels. Growth is too slow and unemployment – including youth unemployment – is too high. Policies to bolster demand before low growth becomes entrenched are needed,”
She might as well have said Vote Labour!
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