Economic Hurricane Warning Balls
Financial Times
Balls to Warn of Economic ‘Hurricane’
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession.
The Labour leadership contender and former ally of Gordon Brown claims George Osborne, chancellor, is a “growth denier”, who is ignoring signs of a global slowdown.
“What he is now doing is the equivalent of ripping out the foundations of the house just as the hurricane is about to hit,” the Treasury’s former chief economic adviser will say in a speech to the City...
Balls to Warn of Economic ‘Hurricane’
Ed Balls will on Friday say that a “hurricane is about to hit” Britain’s economy, in the most dramatic warning yet by a Labour politician that the coalition’s plans to cut the deficit risk pitching the country into a double-dip recession.
The Labour leadership contender and former ally of Gordon Brown claims George Osborne, chancellor, is a “growth denier”, who is ignoring signs of a global slowdown.
“What he is now doing is the equivalent of ripping out the foundations of the house just as the hurricane is about to hit,” the Treasury’s former chief economic adviser will say in a speech to the City...