Economy shrinking faster than thought:
http://business.timesonline.co.uk/to...cle5985498.ece
to quote Daniel Hannan:
"You can't spend your way out of recession, you can't borrow your way out of debt"
http://business.timesonline.co.uk/to...cle5985498.ece
Consumer expenditure was down 1 per cent during the period but government expenditure rose by 1.3 per cent and at the end of last year was 4.4 per cent higher than the same period in 2007.
to quote Daniel Hannan:
"You can't spend your way out of recession, you can't borrow your way out of debt"
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