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Originally Posted by slowcoach
New Labour's anti-recession policies now coming good LINK
A nice little helping hand for the, soon to be seen as incompetent, coalition.  |
The story seems to disagree with your assessment slowcoach.
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He said: "A number of UK product launches and the introduction of new technologies are helping to sustain demand despite an expected slowdown following the end of the scrappage scheme.
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Ignoring that inflation is so out of control the ONS reports the biggest loss of spending power since records began, this refers to real inflation, Retail Price Index, rather than whatever figure Labour massaged into pretending to be inflation. This would, just maybe, have something to do with the introuction of 200bn pounds into the economy through quantitative easing.
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The gap between the average pay rise - a measly 1.9 per cent - and inflation - a massive 5.3 per cent - has never been bigger, according to the ONS.
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There's also the minor issue that
jobs continue to go.
Yes I'm sure it mitigated some of the impact, at a really obscene cost, and we couldn't even follow Labour's intended policies in full due to not having the money.