Bad Decisions from the Coalition Govt  

The Conservative-Liberal Government’s softening up exercise for next week’s budget continues without shame.   Although this week’s report from the new independent Office for Budgetary Responsibility reported UK borrowing to be lower and tax receipts higher than the Labour Government predicted in March’s budget, the ConLibs continue with their fiction that having opened the books they have found things to be much worse than they feared, as an excuse for the cuts the Tories have wanted to make regardless.   The nobel prize-winning economist, Joe Stiglitz, the Financial Times’ veteran economics columnist, Martin Wolf, and several others have repeated their warnings that the ConLibs’ policy risks stifling growth, reducing demand and tipping us back into recession - as well of course of pushing unemployment far higher than it would otherwise have been.   This...