22 Nov '11, 11am

We need the exact opposite of Richard Branson's economic prescription | James Meadway

We need the exact opposite of Richard Branson's economic prescription | James Meadway

But if the prognosis is accurate, the diagnosis is awful - and the prescription actively harmful. The motor of stagnation in the UK today is the collapse of demand. Firms and households are not spending. Exports are shrinking. Investment by companies has fallen by nearly £45bn since the 2008 crash, while household spending has now also turned south. Lamentably, the Coalition is adding to this collapse in demand with its slash-and-burn approach to public expenditure.

Full article: http://www.neweconomics.org/blog/2011/11/22/we-need-the-e...

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