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If the economic outlook continues to worsen, George Osborne will have to relax the pace of deficit reduction and take measures to increase demand in the economy

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image for OpenScout resource :: If the economic outlook continues to worsen, George Osborne will have to relax the pace of deficit reduction and take measures to increase demand in the economy

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Yesterday saw the Chancellor’s autumn statement. Tony Dolphin argues that the measures announced in this ‘mini-budget’ are not a real plan for growth. If increased demand is not generated – and only the government is in a position to do this – then unemployment and public sector borrowing will continue to rise in excess of previous predictions.

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en

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application/pdf

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http://eprints.lse.ac.uk/39915/1/blogs_lse_ac_uk-If_the_economic_outlook_continues_to_worsen_George_Osborne_will_have_to_relax_the_pace_of_deficit_red.pdf

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