At least 172 thousand Brits have their government to blame
It amazes me that politicians actually believe the neo-liberal lies that the path to lower fiscal deficits is to cut the hell out of public spending during a recession when private sector expectations are conservative if not downright pessimistic and their spending is subdued. If you add in the fact that these politicians make these claims en masse – that is, they are all caught in this “fiscal consolidation” madness – then it becomes obvious that the only other route to growth – exports – will also be closed. The latest data from Britain is all bad and suggests that the claims that cutting net public spending would stimulate growth are wrong and also that the way to cut a deficit is not to deliberately reduce economic growth. At least 172 thousand Brits have their government to blame refers to the change in unemployment in Britain since June 2010 (just after the new Government was elected). The unemployed are the human face of the ideologically-driven vandalism that the British government is currently engaged in.