October 31, 2011

A grave situation

Supported by 100 economists Compass calls for the UK Cameron govt to bury their economic plan
What’s wrong with Plan A? 
Plan A is failing to provide economic growth or jobs and could in fact increase the deficit. The cuts are also having a devastating effect on the public services that most of us rely on. 
The impact of the government’s decision to reduce spending by £130 billion over 5 years is now beginning to tell, the cuts are reducing GDP by up to 2% per year.