IN Gordon Brown's Pre-Budget Report to MPs, he "downgraded" forecast for economic expansion from 2.5 per cent to 1.6 per cent, exposing a huge black hole in the spending programme. He and this Labour Government have been forced on to the back foot and now have to borrow between £9bn and £20bn to maintain their investment plans for key public services.
Gordon Brown has completely mis-read the economic indicators and got his calculations wrong, casting doubt on his and this Government's credibility.
This Government seems to be very good at wasting taxpayers' money, but not half as good at delivering improvements we, the people, want to see. By spending more without reform, the Chancellor has locked this Government on an unsustainable course. If he continues to spend more than the growth rate of the economy, he will have to raises taxes again. This just seems to be the continuation of Labour reverting to type -- tax and spend?
Andy Morgan
(Councillor Hulton Park Ward)
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