Hammond attempts to end Austerity without any money, ferry anyone?

[SydneyRover]

''Austerity to continue unless Hammond spends, says IFS''

https://www.bbc.com/news/business-47190525

[RobTheRover]

He only said that after slightly reducing the depth of cuts planned on public spending this year.

Austerity - the great lie continues.

[BillyStubbsTears]

Austerity and Brexit have turned out well haven't they?

https://www.bbc.co.uk/news/business-47196387

We had a shocking recession in 08/09. Standard economics gives you techniques to kick start growth after a hit like that. What you want is several years of above average growth to make up the lost ground.

That happened after every post war recession. Up until this one.

Our long term average growth from 1950 to 2008 was 2.3% per year. We've topped that in only one year under the Tories.

Out GDP is now about 10% lower than it would have been if we'd got back to average growth, never mind made up some of the lost ground. That's nearly £1trn of wealth we've deliberately given up over the past decade.

f**king madness.

[hoolahoop]

F**king Clegg's fault

[BillyStubbsTears]

Well aye. Wouldn't have happened without him.