IFS say "More bad news for the economy."

More bad news for the economy as the respected think tank the Institute for Fiscal Studies have warned that Government borrowing is likely to be £64 billion more than planned by Chancellor George Osborne only 2 years ago. With current Government policy cutting living standards, freezing  wages, more and more redundancies and job losses, price rises, cuts in welfare for those most in need.

If this was not bad enough, now we are faced with future tax increases. This is just a further example that the coalition economic policy is just not working. This talk of cutting the deficit all seems a bit hollow.

The IFS warned "tax will have to rise  and currently protected services like the NHS will be cut."

Despite frequent warnings on the problems facing the economy the Government continue to say they have no plans to change course.  "It`s not the medicine that`s not working," the Government say, "you just haven't had enough of it yet."     So now you know, keep taking the pills, and bitter pills at that.

George Crane.
Fryent Councillors