Danny Blanchflower, a top economist and a former member of the Bank of England Committee on Monetary Policy has written a scathing condemnation of Tory spending plans in today’s Daily Mirror. Accusing both Cameron and his Chancellor of economic ignorance, Blanchflower is the latest example of a professional economist supporting the case for sustaining demand within the British economy rather than slashing public expenditure.
This follows the letter that made headlines earlier in the month where similar calls were made to avoid what is technically known as a “double dip” recession.
See http://www.mirror.co.uk/news/top-stories/2009/10/10/david-danny-blanchflower-115875-21736101/
The evidence is now stacking up that supports UNISON calls for a defence of the public sector, rather than an approach that seeks to slash and burn. It would be refreshing if that professional approach to economics based on sound analysis and the evidence could now be the basis for public debate, rather than the hysteria of the red top tabloids, and their followers in the BBC.
