Friday, 19 February 2010

Tories under pressure over spending cuts plans

George Osborne Delivers A Speech On The Future Of The British Economy
Should there be government spending cuts in 2010? Twenty economists on Sunday backed the Conservatives' call for the axe to fall this year.
But they have been trumped today with more than 60 senior economists signing letters that support the Chancellor's decision to delay cuts until next year.
These letters put the onus back on the Conservatives less than impressive Shadow Chancellor George Osborne.
The question is can we afford to take measures to trim the budget deficit this year and risk the UK economy slipping back into recession?
If Osborne and his supporters get it wrong it would be a disaster. It seems to me that we can't afford to take the chance and spending cuts should be put off until at least 2011.

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