The Office of National Statistics (ONS) has said that David Cameron has presided over an economy with the weakest productivity record of any government since the second world war, and revealed that output per worker fell again in the final three months of 2014.
In a separate blow to the credibility of the government, two-thirds of leading UK economists said they believed George Osborne’s austerity strategy had been damaging for the economy.
The Centre for Macroeconomics polled 50 leading economists, asking them whether they agreed that the government’s deficit-reduction strategy had a positive impact on growth and employment. One third disagreed and a further third strongly disagreed.
Furthermore, 77% feel that the outcome of the general election will have serious (“non-trivial”) consequences for the economy, and are clearly not in favour of the Conservatives’ “long-term economic plan.”
The Tories seem to think we have forgotten that it was they that…
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