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Public Spending Fuelled Growth Spurt 'No Cause for Celebration'
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Public spending fuelled growth spurt 'no cause for celebration'
Labour’s “spend now, tax later” approach to fiscal policy will drive higher growth than previously expected, an industry group has said, but will leave UK public finances in a “vulnerable” position. The Confederation of British Industry (CBI) upgraded its growth forecast for next year from 1 per cent to 1.3 per cent, with an extra £11bn in state spending plans revealed in the Budget accounting for most of the difference in forecasts published b…
·London, United Kingdom
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