Chancellor George Osborne said today that the country was on the road to recovery.
To change course now would be an “absolute disaster”, he said, but conceded that the way forward would be “choppy”.
Speaking to City analysts at Bloomberg’s London offices, he still laid the blame for the cuts squarely at the doorstep of the previous government.
“The next challenge is to deliver the spending review that will restore the public finances to stability,” he said. This will be October.
“Of course we must remain cautious,” Mr Osborne said. ”I agree with Mervyn King [the Bank of England governor] when he said last week that we are likely to face a choppy recovery.”
The shadow chancellor, Alistar Darling, said in an interview on the BBC, that there is still a need for government and that Mr Osborne’s idea that when government whithers away, business will step in to support society was an incorrect assumption.
Miles Templeton, director general of the Institute of Directors, on the same channel, said there is a need for change in the regulatory environment. There need to be less regulations to make it easier for businesses to hire those made redundant in the public sector.
To change course now would be an “absolute disaster”, he said, but conceded that the way forward would be “choppy”.
Speaking to City analysts at Bloomberg’s London offices, he still laid the blame for the cuts squarely at the doorstep of the previous government.
“The next challenge is to deliver the spending review that will restore the public finances to stability,” he said. This will be October.
“Of course we must remain cautious,” Mr Osborne said. ”I agree with Mervyn King [the Bank of England governor] when he said last week that we are likely to face a choppy recovery.”
The shadow chancellor, Alistar Darling, said in an interview on the BBC, that there is still a need for government and that Mr Osborne’s idea that when government whithers away, business will step in to support society was an incorrect assumption.
Miles Templeton, director general of the Institute of Directors, on the same channel, said there is a need for change in the regulatory environment. There need to be less regulations to make it easier for businesses to hire those made redundant in the public sector.
