Only Quantative Easing prevented this happening earlier – 88% of the cuts have yet to be made and another £10bn of welfare cuts to come on top of the £18bn….we will be below Chinese wages and living standards before long - 1m NEET workless young people already are – that is the project…of the Tories in the coalition. http://www.guardian.co.uk/business/2012/mar/29/uk-back-in-recession-oecd
The tools are available to reverse this – money supply reform and a new industrial policy geared to serving internal consumption because the China and other develeoping economies are abandoning low end goods and concentrating on their internal markets – when that kicks in we won’t be able to buy anything!
See lots more on this at http://unisonactive.blogspot.co.uk/search?q=double+dip
and http://unisonactive.blogspot.co.uk/search/label/double-dip
