Nigel has posted Richard Lambert’s comments made on Radio 4 today. The CBI has been very careful not to join in with the ‘slash and burn’ hysteria of recent weeks. And now we know why. Britain’s biggest business association agrees with the TUC view that urgent and deep cuts are not needed and would damage the economy. Given that the Tories like to parade themselves as the party of business, this is a disaster for them. Hopefully, it will help end the mild insanity which has gripped press and politics over the last few weeks and led to absurd attempts by all concerned to look increasingly tough on public spending.
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Trackback made by Public spending again: David Blanchflower slates George Osborne | ToUChstone blog: A public policy blog from the TUC on Sep 23rd 2009 at 4:42 pm:
[...] in to the cuts row with a scathing attack on George Osborne in The New Statesman. It’s really not turning out to be a good day for Slasher. This is Blanchflower’s view: “The time for cutting public spending is not [...]