RSS Feed
July 25th, 2012 
FAKE NEWS for the Zionist agenda The Chancellor’s defence of his record came irrespective of disappointing official figures released on Wednesday that showed Britain is enduring the longest double-dip recession for more than 50 years, the Guardian reported.
George Osborne came under increasing pressure to lay out a plan B for the economy after shock figures from the Office of National Statistics (ONS) revealed the economy shrank by a worse-than-expected 0.7 percent between April and June.
Gross domestic product (GDP) – a broad measure for the economy – fell for the third quarter in a row and by much more than the 0.2 percent expected by forecasters.
Rachel Reeves, the shadow chief secretary to the Treasury, tweeted that the deepening double-dip recession was a “disastrous verdict on George Osborne’s failed plan”.
But Osborne blamed “deep-rooted economic problems” for the figures and defended his policies to get the economy back on track.
Len McCluskey, leader of the country’s largest trade union, Unite, said the figures showed the government’s economic policies “are a total failure”.
“The only record this chancellor holds is the shameful one of presiding over the longest double-dip recession since records began. Our economy is shrinking. The deficit is actually getting worse and we are being told there is no end in sight to the government’s austerity programme. It is clear that the government’s economic policies are a total failure”, he said.
“The next generation are becoming the lost generation while many working people spiral into debt and despair”, the Unite leader added.
MOL/JR/HE
Posted in 
Tags: 
