Exit from exceptional fiscal support must start now, or by 2011 at the latest, at a pace that is contingent on specific country conditions and the state of public finances.
The Chancellor lapped this up, and repeatedly used it as a stick to bash his opponents.
|We Don't Care What We Cut As Long As It's You!|
However last Thursday the west's leading economics thinktank told George Osborne that he may need to delay plans to cut Britain's budget deficit as it warned that the pace of recovery was slowing in developed nations Where public finances permit, planned fiscal consolidation could be delayed.
Offered this "Get Out" clause, did George Osborne delay his plans to ruin this country with his madcap austerity plans?
Not a bit of it, his reply to the OECD was to arrogantly stick his proverbial middle finger up at them and announce that he was going to cut a further £4 BILLION off of the welfare budget!
What is it going to take before this blithering idiot pretendy chancellor stops these insane cuts before he ruins nearly every single one of us?
Pity that the OECD did not warn Osborne that these cuts were too hard and too deep back in May, instead of giving "soft lad" an excuse to carry on.
This is George Osborne's very last chance to back away from these ridiculous austerity measures. measures this country does not need and at a time we do not need them.
The OECD's volte-face over the dangers of spending cuts gives the chancellor plenty of cover to rethink his approach. If he doesn't, he will be making a catastrophic blunder!
Osborne cannot say he hasn't been warned, yesterday the IMF (International Monetary Fund) also warned Osborne to back off.
The Guardian: Osborne warned To Back Off From Cuts By OECD