Friday, 27 August 2010

New Growth Figures Vindication Of Labour's Policy On Reducing Deficit

The growth figures published today show that Labour's policy of not cutting the Budget deficit too quickly and pumping large amounts of money into to the economy has paid off.

Ed Balls, the Shadow Education Secretary, claimed today that the figures are vindication that Labour's economic strategy during their last months in office was working and that the huge cuts in public spending proposed now by the Coalition will inevitably reverse any progress that has been made.

The long, slow march towards an inevitable double-dip recession continues on its way.

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