Cameron and Osborne's failed policies have plunged us back into recession
Posted by Joan Walley, MP for Stoke-on-Trent North, at 11:01, Wed 25 April 2012:
Figures released today show that the UK has slipped back into recession.
Ed Balls MP, Labour’s Shadow Chancellor, in response to today’s economic growth figures, said:
“David Cameron and George Osborne complacently boasted their austerity plan had taken our economy out of the danger zone, but their failed policies have plunged us back into recession.
“We consistently warned that their austerity plan was self-defeating and that cutting spending and raising taxes too far and too fast would badly backfire. David Cameron and George Osborne arrogantly and complacently dismissed people who warned of the risk of a double-dip recession and the country is now paying a very heavy price. Their economic credibility is now in tatters. “The reason why last month’s Budget is such a disaster for Britain is not just because it unfairly cut taxes for millionaires while clobbering families and pensioners, it also failed to come up with the plan for jobs and growth Britain desperately needs and we have been urging.
“Not only has our economy shrunk in the last two quarters - a 0.5 per cent contraction, which means we are in recession - but our economy has actually shrunk by 0.2 per cent in the year and a half since George Osborne’s spending review.
“And far from the Eurozone being to blame for Britain’s woes, it was only growth in the EU and the rest of the world which kept us from going into recession earlier. Excluding exports, the domestic UK economy has now been in recession for over a year. “The Chancellor needs to explain why America, which has taken a much more balanced approach with a jobs plan to boost growth, has more than recovered all the output it lost in the global recession while our economy is shrinking again. “The price of this recession is billions more borrowing to pay for economic failure. The Government’s pledge to balance the books by 2015 is now in tatters and the next Labour government will have to clear up George Osborne’s economic mess. “The longer this out of touch and incompetent Government sticks with these failed policies, the more damage will be done.”
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Posted by George Thompson, 11:48, Wed 25 April 2012: (Is this post abusive?) #
Whilst I don't agree with a lot of things the present goverment has done or are doing,especially the so called Granny Tax (what about the Grandads) how is the labour mob so easily forget who it was that landed us in this mess anyway,with their borrowing, immigration, money for people who have spent their lives NOT contributing one iota to this country. How easily have Mps from all parties forgotten what a bunch of crooks they were and still are, fiddling millions in expenses,cheap booze,cheap food and God knows what else. This country has gone to the dogs thanks to the Labour party and it ain't gonna get any better,anyone who has a skill should get out while they can, go to Aus or wherever will take you, there ain't nothing here, If I were younger I would be long gone
Posted by jim, 13:34, Wed 25 April 2012: (Is this post abusive?) #
We were led to believe it was the labour government who got us into the mess we are in. We were told this by the present government who are telling us what they want us to hear while literally fobbing us off. we had a labour government who reduced vat to boost spending, but this lot increased it by 33% and stopped what spending we had. We have a government who will insist it was labour who set the trend for the expensive benefits system and pulled the plug, but will not pull the plug on the ever increasing fuel costs which they say the labour put in place. What country leader would stand on his podium and preach about the pasty he enjoyed so much that he created a tax on it? Its time we stopped letting them off and use our vote sensibly at the next elections.
Posted by jim, 13:34, Wed 25 April 2012: (Is this post abusive?) #
We were led to believe it was the labour government who got us into the mess we are in. We were told this by the present government who are telling us what they want us to hear while literally fobbing us off. we had a labour government who reduced vat to boost spending, but this lot increased it by 33% and stopped what spending we had. We have a government who will insist it was labour who set the trend for the expensive benefits system and pulled the plug, but will not pull the plug on the ever increasing fuel costs which they say the labour put in place. What country leader would stand on his podium and preach about the pasty he enjoyed so much that he created a tax on it? Its time we stopped letting them off and use our vote sensibly at the next elections.