Chancellor fails to secure long term health of economy

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The UK economy is very sick. The chancellor has done just enough to stablise the patient, but has laid out very little in the way of more long-term care, argues UK200 Group president Colin Howe.

 Overspending and unwise borrowing has produced the double shock of a recessionary ‘heart attack’ and money supply ‘blood clot’ and while the chancellor has done just enough to stem the negative effects for now, there is a more serious long-term health risk to the economy that’s not been addressed yet.

While there were a lot of individual measures aimed at helping small businesses in the Budget, the big problem is that the chancellor still hasn’t really spelled out how he’s going to fund the reductions in the deficit. It was clear that the gover...

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