Red Rag - Gideon - The House of Commons - 29th November 2010 "But the message from the Office of Budget Responsibility is that Britain's economic recovery is on track. The economy is growing, more jobs are being created and the deficit is falling.The UK economy is steadily moving towards sustainable growth."
This week youth unemployment went over 1 million for the fist time since records began. Female unemployment was the highest for 23 years. The total unemployment figures is the highest since 1996. The number of people who are actually employed(but not self employed) is the lowest since records began. The Bank of England cut it's growth figures yet again to 1% for this year and next.
Even those who are lucky enough to have a job are in the shit. Inflation is at 5% whilst wage growth is at 2.3%, so even if you are employed, you are losing out.
"But it's all the Eurozones fault with their bloody economic crisis" cries Osbornomic apologists. Well how come Ireland, Slovenia, Denmark, Hungry, France, Luxembourg, Romania, Netherlands, Czech Republic, Malta, Belgium, Bulgaria, Germany, Austria, Slovakia, Finland, Poland, Sweden, Latvia, Lithuania and Estonia have all got better growth figures than the UK. In fact there is only Greece, Portugal, Cyprus and Italy with worse growth figures. As a whole the Eurozone is growing two and a half times faster than the UK.
"We need it to cut the deficit" scream the now ever desperate Osbornomic apologists. Then why is it, thanks to Osbornes age of austerity, only Ireland across the whole of Europe now has a larger General government net lending/GDP figure worse than the UK.Every single other country I have mentioned above are now in a better position than we are and that includes Greece, Ireland and Italy. In fact Osborne has made so much of a fucking mess of the economy according to the OBR's own figures Osborne now looks set to end up borrowing billions more over this parliament than they said Alistair Darling would have needed to.
Speaking of the Office of Bullshit and Ridicule they predicted the economy would grow 2.5% this year......we are struggling to make it 1%.
If Cameron grows some bollocks and shows Gideon the door, please ask Gideon to take the OBR with him....Gideon and the OBR.......economically inept idiots of the lowest order.
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