While UK growth stagnates, Obama\’s US grows by 2.2%. While the UK economy has shrunk 3.9% since the crash, the US has recovered all it lost, and more. As our unemployment rises, theirs falls. Stimulus works, austerity sucks out the air.
Umm, what\’s the size of the budget deficit? £150 billion? 9% or so of GDP?
This is austerity is it?
Average real earnings fell again last month and 22.5% of the young are out of work. But locked into group-think, nothing in the budget will change our dismal trajectory, because economic ideologues learn nothing from experience.
So you\’ll be joining those non-ideologues who point out that here we have proof that a too high minimum wage will cause disproportionate unemployment rates in the young and untrained then, eh? You know, like those dangerous radicals at the Low Pay Commission?
Will he cut the 50p top rate? That\’s political suicide. If he capitulates because it\’s raised too little due to tax avoidance, that\’s caving in to civic robbery.
Working less so you eanr less is now civic robbery eh? How very, very, Soviet.
Raising the threshold to £10,000 will cost £5.3bn
Agreed, this is a linguistic, not economic, point but I refuse to agree that allowing people to keep more of their own money is a \”cost\”. It isn\’t, it\’s a reduction in the cost of government on those who get to keep their own money.