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Old 07-03-2013, 00:09
Jol44
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Join Date: Feb 2013
Posts: 13,222

Vince Cable calls on Osborne to change direction

Cable calls for "greatly expanded" capital spending and suggests that any increase should be funded through borrowing, not greater cuts elsewhere.

Cable takes a significant step towards Labour's position by implying that the government should now borrow to invest".

http://www.newstatesman.com/politics...ange-direction

I think this government previously comparing the UK economy to having debt on a credit card as beyond simplistic. It is only through growth will be be able to start to clear our debts and removing investment clearly isn't going to bring that growth.
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