Thursday, November 24, 2011
What's holding the British economy back? Debt, debt, and more debt
Last week the coalition government was hit with a combination punch of bad economic news. On the same day unemployment was upand the Bank of England’s growth forecasts were down.
Labour were quick to point the finger. Shadow Chancellor Ed Balls said “The British economic recovery was choked off well before the instability in the last few months in the eurozone...The government is cutting too far and too fast and it’s pushing borrowing and unemployment up at the same time”
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