Parliamentary Information Yearbook: Another way of looking at it is that Osborne even with the most generous estimate has reduced the deficit by 20b BUT if he had not cut infrastructure spending , the economy would have kept on growing at 3% a year ie over two years the output would be 6% higher now , or £60b a year in a trillion pound economy.
So he has lost us £60b a year over the next ten years ie the debt will be £600b a year over the next ten years , all because he wanted to save a one off 20b.
He should understand simple economics and reverse course now and borrow from the companies and British people and start investing massively in wind and solar farms and super high speed underground trains and overland picturesque motorways eg through the Penines which will encourge tourism and link east and west.
Parliamentary Information Yearbook: so austerity is proved yet again to be a mistaken policy.
Parliamentary Information Office
So he has lost us £60b a year over the next ten years ie the debt will be £600b a year over the next ten years , all because he wanted to save a one off 20b.
He should understand simple economics and reverse course now and borrow from the companies and British people and start investing massively in wind and solar farms and super high speed underground trains and overland picturesque motorways eg through the Penines which will encourge tourism and link east and west.
Parliamentary Information Yearbook: so austerity is proved yet again to be a mistaken policy.
Parliamentary Information Office
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