Wednesday, December 15, 2010

Poor economics, poor politics

No comments:
Unemployment is up by 35,000 to 2.5 million. At the same time inflation has risen to a six month high of 3.3%. More unemployment and more inflation is forecast in 2011 as the cuts in public spending and the VAT rise make their damaging economic and social impacts. Its crazy not to be stimulating key parts of the economy at this time - very poor economics from the Conservative-Lib Dem Coalition. Despite this situation Labour leader Ed Miliband only asked very briefly about the economy in today's questions to the Prime Minister. Ed and his team are weak on the economy, weak on defending Labour's record and the need for economic stimulus and weak on political strategy and tactics.

See on unemployment
See on inflation.