UK growth slows - as chancellor admits she's 'not satisfied'
Reacting to the figures, Chancellor of the Exchequer Rachel Reeves said: "Improving economic growth is at the heart of everything I am seeking to achieve, which is why I am not satisfied with these numbers.
"At my budget, I took the difficult choices to fix the foundations and stabilise our public finances.
"Now we are going to deliver growth through investment and reform to create more jobs and more money in people's pockets, get the NHS back on its feet, rebuild Britain and secure our borders in a decade of national renewal," Ms Reeves added.
Twaddle.
5 comments:
The economy will grow ... by minus2 percent.
I suppose one purpose of making many pension schemes amalgamate is that it will be easier for a government to bully just a few schemes rather than having to bully many. And it need only find a few malleable Chairmen. Further it's another blow against democracy: if a local pension scheme is badly run the electorate gets to express a view since it can replace the council. Presumably that ability will simply vanish. Il Duce would have approved.
Not just any twaddle, Labour pie in the sky twaddle.
She was also quoted as instructing "regulators" to take growth into consideration, thereby showing absolutely no understanding of the fact that "regulators" are exactly why we don't have growth.
If she really wanted growth, the right thing to do with "regulators" would be to sack them all.
decnine - but once they add in some carbon savings number from the National Guesswork Agency, that will become 1 percent growth.
dearieme - yes it makes it easier to round up those malleable Chairmen into one room. Pension funds which can't pay their pensioners seem to be in the pipeline.
DJ - yes, pie in the sky, jam tomorrow, it's always the same message.
Peter - and unless the regulators are sacked, they will ignore what she says.
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