Action On Economy Still Needed
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29 Oct 2012
Last week’s figures show that, with the help of the Olympics, Britain is finally out of the longest double-dip recession since the Second World War.
However underlying growth remains weak and our economy is only just back to the same size as a year ago - twelve months of damaging flatlining which has seen borrowing rise in the first half of this year.
With living standards falling, more tax rises on the way, small business lending down and the eurozone still in crisis, it would be very unwise for the Government to just sit back, cross their fingers and hope for the best. Action is needed now to secure and strengthen growth in our economy. We need a long-term plan to rebuild our infrastructure as well as radical reform of the banks.