Community Views : What’s on the boards today….25th Oct 2010

25th October 2010

The Daily Telegraph

"The Government's plans to return Britain to growth have been dealt a severe blow after it emerged that household spending fell in October at its fastest pace since January while debt levels are on the rise for the first time in nine months."

jeremiah thinks: "What was needed from the beginning was a radical tax shift from production and saving to consumption and borrowing. This would have resulted in a very short term fall in GDP and they would have had to come up with a new macroeconomic theory but at least it would have given the people some hope.

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